XML 15 R3.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 4,463,009 $ 4,361,934
Cost of sales 3,908,136 3,978,025
Gross profit 554,873 383,909
Selling, general and administrative expense 133,779 119,076
Restructuring activities 16,612 14,559
Operating income 404,482 250,274
Interest expense, net of capitalized interest 41,738 41,243
Interest income (24,953) (10,346)
Foreign currency transaction gains (2,053) (4,337)
Miscellaneous, net (692) (3,286)
Income before income taxes 390,442 227,000
Income tax expense 94,099 52,062
Net income 296,343 174,938
Less: Net income attributable to noncontrolling interests 310 517
Net income attributable to Pilgrim’s Pride Corporation $ 296,033 $ 174,421
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:    
Basic (in shares) 237,235 236,844
Effect of dilutive common stock equivalents (in shares) 1,045 647
Diluted (in shares) 238,280 237,491
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (in dollars per share) $ 1.25 $ 0.74
Diluted (in dollars per share) $ 1.24 $ 0.73