XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.25.1

REVENUE RECOGNITION (Tables) | 3 Months Ended
--- | ---
Mar. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregated Revenue | Revenue has been disaggregated into the categories below to show how economic factors affect the nature, amount, timing and uncertainty of revenue and cash flows:
| Three Months Ended March 30, 2025
| (In thousands)
| Fresh |  | Prepared |  | Export |  | Other (a) |  | Total
U.S. | $ | 2,214,885 |  |  | $ | 323,909 |  |  | $ | 109,165 |  |  | $ | 95,230 |  |  | $ | 2,743,189 |
Europe | 322,054 |  |  | 758,678 |  |  | 123,861 |  |  | 26,936 |  |  | 1,231,529 |
Mexico | 411,895 |  |  | 50,415 |  |  | — |  |  | 25,981 |  |  | 488,291 |
Total net sales | $ | 2,948,834 |  |  | $ | 1,133,002 |  |  | $ | 233,026 |  |  | $ | 148,147 |  |  | $ | 4,463,009 |
| Three Months Ended March 31, 2024
| (In thousands)
| Fresh |  | Prepared |  | Export |  | Other (a) |  | Total
U.S. | $ | 2,113,623 |  |  | $ | 268,990 |  |  | $ | 108,798 |  |  | $ | 87,921 |  |  | $ | 2,579,332 |
Europe | 271,148 |  |  | 844,996 |  |  | 118,451 |  |  | 33,308 |  |  | 1,267,903 |
Mexico | 430,152 |  |  | 55,520 |  |  | — |  |  | 29,027 |  |  | 514,699 |
Total net sales | $ | 2,814,923 |  |  | $ | 1,169,506 |  |  | $ | 227,249 |  |  | $ | 150,256 |  |  | $ | 4,361,934 |
(a) Included in Other sales shown above are sales of commodity grains and protein byproducts Additional disaggregation of revenue by sales channel is provided below:
| Three Months Ended March 30, 2025
| (In thousands)
| Retail |  | Foodservice |  | Export |  | Other |  | Total
U.S. | $ | 1,543,660 |  |  | $ | 988,477 |  |  | $ | 109,165 |  |  | $ | 101,887 |  |  | $ | 2,743,189 |
Europe | 771,854 |  |  | 226,544 |  |  | 123,861 |  |  | 109,270 |  |  | 1,231,529 |
Mexico(a) | 124,046 |  |  | 226,811 |  |  | — |  |  | 137,434 |  |  | 488,291 |
Total net sales | $ | 2,439,560 |  |  | $ | 1,441,832 |  |  | $ | 233,026 |  |  | $ | 348,591 |  |  | $ | 4,463,009 |
| Three Months Ended March 31, 2024
| (In thousands)
| Retail |  | Foodservice |  | Export |  | Other |  | Total
U.S. | $ | 1,426,237 |  |  | $ | 935,249 |  |  | $ | 108,798 |  |  | $ | 109,048 |  |  | $ | 2,579,332 |
Europe | 812,257 |  |  | 201,827 |  |  | 118,451 |  |  | 135,368 |  |  | 1,267,903 |
Mexico(a) | 135,259 |  |  | 239,723 |  |  | — |  |  | 139,717 |  |  | 514,699 |
Total net sales | $ | 2,373,753 |  |  | $ | 1,376,799 |  |  | $ | 227,249 |  |  | $ | 384,133 |  |  | $ | 4,361,934 |
(a)Included in Mexico foodservice channel are sales to wholesale public meat markets that typically sell product on to foodservice customers. Included in Mexico other channel are sales to live chicken markets.
Schedule of Changes in Revenue Contract Liability | Changes in the revenue contract liabilities balance are as follows (in thousands):
Balance as of December 29, 2024 | $ | 48,898 |
Revenue recognized | (40,671) |
Cash received, excluding amounts recognized as revenue during the period | 34,193 |
Effect of exchange rates | (8) |
Balance as of March 30, 2025 | $ | 42,412 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration