PILGRIMS PRIDE Business Summary

Pilgrim’s Pride Corporation (PPC) operates a vertically integrated business model focused on the production, processing, and distribution of fresh, frozen, and value-added poultry and pork products. The company generates revenue through high-volume sales to retail grocery chains, foodservice distributors, and quick-service restaurant (QSR) operators, reporting record net revenues of $18.5 billion for fiscal year 2025. Its operations are organized into three primary geographic segments: the United States, which contributes approximately 60% of sales; Europe (including the UK and continental operations); and Mexico. Within the competitive landscape, Pilgrim’s Pride maintains its position as the second-largest poultry producer in the U.S., trailing Tyson Foods while competing directly with Wayne-Sanderson Farms and Hormel Foods by leveraging its "Big Bird" operational efficiencies and expanding its high-margin prepared foods portfolio, exemplified by the $1 billion Just BARE brand. The company is led by President and CEO Fabio Sandri, who previously served as the firm’s CFO and holds an MBA from the Wharton School, and CFO Matthew R. Galvanoni, who joined in 2021 following a senior finance career at Ingredion. Governance is heavily influenced by its majority shareholder, the Brazilian protein giant JBS S.A., which maintains an 82.42% controlling stake; the Board is chaired by Gilberto Tomazoni, the Global CEO of JBS. Other key executives include Ivan Siqueira (President, Pilgrim's Europe) and Jesús Muñoz (President, Pilgrim's Mexico), who oversee regional growth and operational integration. Originally founded in 1946 by brothers Lonnie "Bo" and Aubrey Pilgrim in Texas, the firm has transitioned from a local feed store into a global powerhouse whose strategic direction is now closely integrated with the broader JBS corporate ecosystem.