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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2023
Sep. 25, 2022
Sep. 24, 2023
Sep. 25, 2022
Income Statement [Abstract]        
Net sales $ 4,360,196 $ 4,468,969 $ 12,833,915 $ 13,341,012
Cost of sales 4,014,314 3,971,699 12,036,561 11,624,991
Gross profit 345,882 497,270 797,354 1,716,021
Selling, general and administrative expense 138,569 158,068 420,683 461,902
Restructuring activities 940 0 38,684 0
Operating income 206,373 339,202 337,987 1,254,119
Interest expense, net of capitalized interest 45,645 36,895 135,459 111,303
Interest income (12,115) (2,673) (23,343) (4,957)
Foreign currency transaction losses 8,924 54 43,462 14,348
Miscellaneous, net (2,201) (19,822) (26,185) (21,834)
Income before income taxes 166,120 324,748 208,594 1,155,259
Income tax expense 44,553 65,749 20,488 253,679
Net income 121,567 258,999 188,106 901,580
Less: Net income attributable to noncontrolling interests 289 647 1,185 674
Net income attributable to Pilgrim’s Pride Corporation $ 121,278 $ 258,352 $ 186,921 $ 900,906
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:        
Basic (in shares) 236,787 238,559 236,702 240,865
Effect of dilutive common stock equivalents (in shares) 560 649 542 629
Diluted (in shares) 237,347 239,208 237,244 241,494
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 0.51 $ 1.08 $ 0.79 $ 3.74
Diluted (in dollars per share) $ 0.51 $ 1.08 $ 0.79 $ 3.73