Pilgrim’s Pride falls as Q1 margin squeeze drives EBITDA down 42% year over year
PPC•Pilgrim’s Pride (PPC) is sliding as investors digest Q1 2026 results showing sharp margin compression and a big year-over-year drop in adjusted EBITDA. The company posted $4.53B revenue but adjusted EBITDA fell to $308.1M (6.8% margin) from $533.2M (12.0%) a year ago.
1) What’s moving the stock
Pilgrim’s Pride shares are down today as the market focuses on profitability deterioration in its first-quarter 2026 report. While revenue rose modestly to $4.53 billion, adjusted EBITDA dropped to $308.1 million and the adjusted EBITDA margin fell to 6.8% versus 12.0% in the prior-year quarter, reinforcing a near-term “margin reset” narrative for poultry producers tied to commodity pricing and operating disruptions. (globenewswire.com)
