0000802481-26-000011 | 10-K | XBRL Viewer

Print Document

LEASES - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Operating Leases
2026	$ 78,436
2027	59,386
2028	44,698
2029	33,482
2030	21,380
Thereafter	61,848
Total future minimum lease payments	299,230
Less: imputed interest	(40,285)
Present value of lease liabilities	258,945	$ 259,271
Finance Leases
2026	617
2027	575
2028	248
2029	0
2030	0
Thereafter	0
Total future minimum lease payments	1,440
Less: imputed interest	(51)
Present value of lease liabilities	$ 1,389	$ 1,792

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 28, 2025

RELATED PARTY TRANSACTIONS

Pilgrim’s has been and, in some cases, continues to be a party to certain transactions with affiliated companies.


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Sales to related parties
JBS Toledo N.V.	$	41,947	$	—	$	—
JBS USA Food Company(a)	23,307		28,230		27,687
JBS Chile Ltd.	2,797		3,143		1,733
Other related parties	7,483		1,960		6,383
Total sales to related parties	$	75,534	$	33,333	$	35,803


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)	$	145,324	$	159,264	$	185,258
Seara Meats B.V.	89,131		28,170		28,828
Penasul UK LTD	41,804		10,670		13,932
JBS Asia CO Limited	11,027		6,248		4,953
Other related parties	2,560		2,130		7,168
Total cost of goods purchased from related parties	$	289,846	$	206,482	$	240,139


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)	$	249,329	$	121,962	$	156,439
Other related parties	—		—		15
Total expenditures paid by related parties	$	249,329	$	121,962	$	156,454


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)	$	12,931	$	14,593	$	22,734
Other related parties	—		—		5
Total expenditures paid on behalf of related parties	$	12,931	$	14,593	$	22,739


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Other related party transactions
Capital contribution under tax sharing agreement	$	—	$	—	$	(1,425)


	December 28, 2025		December 29, 2024
	(In thousands)
Accounts receivable from related parties
JBS Toledo N.V.	$	10,486	$	—
JBS USA Food Company(a)	1,629		1,727
JBS Chile Ltd.	763		725
Other related parties	520		156
Total accounts receivable from related parties	$	13,398	$	2,608


	December 28, 2025		December 29, 2024
	(In thousands)
Accounts payable to related parties
Seara Meats B.V.	$	26,686	$	4,861
JBS USA Food Company(a)	8,346		5,424
Penasul UK LTD	1,156		714
JBS Asia Co Limited	—		4,023
Other related parties	7,328		235
Total accounts payable to related parties	$	43,516	$	15,257

(a)The Company routinely executes transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of December 28, 2025, goods purchased and in transit from JBS USA were $1.5 million and not reflected on our Consolidated Balance Sheets.

(b)The Company has an agreement with JBS USA to allocate costs associated with JBS USA’s procurement of SAP licenses and maintenance services for both companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. The Company also has an agreement with JBS USA to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA will be reimbursed by JBS USA. This agreement expired on December 31, 2025, but effectively continues month-to-month until a new agreement is finalized.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

REVENUE RECOGNITION

12 Months Ended

Dec. 28, 2025

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

Disaggregated Revenue

Revenue has been disaggregated into the following categories below to show how economic factors affect the nature, amount, timing, and uncertainty of revenue and cash flows:


	Year Ended December 28, 2025
	Fresh		Prepared		Export		Other(a)		Total
	(In thousands)
U.S.	$	8,892,558	$	1,316,423	$	451,284	$	338,467	$	10,998,732
Europe	1,607,792		3,150,863		578,259		41,951		5,378,865
Mexico	1,763,169		239,426		—		117,361		2,119,956
Total net sales	$	12,263,519	$	4,706,712	$	1,029,543	$	497,779	$	18,497,553


	Year Ended December 29, 2024
	Fresh		Prepared		Export		Other(a)		Total
	(In thousands)
U.S.	$	8,731,904	$	1,094,818	$	468,553	$	334,654	$	10,629,929
Europe	1,178,459		3,381,178		477,486		99,624		5,136,747
Mexico	1,777,815		220,270		—		113,530		2,111,615
Total net sales	$	11,688,178	$	4,696,266	$	946,039	$	547,808	$	17,878,291


	Year Ended December 31, 2023
	Fresh		Prepared		Export		Other(a)		Total
	(In thousands)
U.S.	$	8,105,268	$	978,423	$	533,205	$	410,846	$	10,027,742
Europe	1,074,900		3,525,359		472,657		130,406		5,203,322
Mexico	1,796,670		212,651		—		121,832		2,131,153
Total net sales	$	10,976,838	$	4,716,433	$	1,005,862	$	663,084	$	17,362,217

(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:


	Year Ended December 28, 2025
	Retail		Foodservice		Export		Other		Total
	(In thousands)
U.S.	$	6,129,565	$	4,024,380	$	451,284	$	393,503	$	10,998,732
Europe	3,331,499		932,128		578,259		536,979		5,378,865
Mexico(a)	570,112		942,019		—		607,825		2,119,956
Total net sales	$	10,031,176	$	5,898,527	$	1,029,543	$	1,538,307	$	18,497,553


	Year Ended December 29, 2024
	Retail		Foodservice		Export		Other		Total
	(In thousands)
U.S.	$	5,708,826	$	4,029,197	$	468,553	$	423,353	$	10,629,929
Europe	3,257,803		846,284		477,486		555,174		5,136,747
Mexico(a)	531,724		982,429		—		597,462		2,111,615
Total net sales	$	9,498,353	$	5,857,910	$	946,039	$	1,575,989	$	17,878,291


	Year Ended December 31, 2023
	Retail		Foodservice		Export		Other		Total
	(In thousands)
U.S.	$	5,111,023	$	3,829,397	$	533,205	$	554,117	$	10,027,742
Europe	3,220,272		917,304		472,657		593,089		5,203,322
Mexico(a)	502,408		986,567		—		642,178		2,131,153
Total net sales	$	8,833,703	$	5,733,268	$	1,005,862	$	1,789,384	$	17,362,217

(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.

Contract Costs

The Company can incur incremental costs to obtain or fulfill a contract such as broker expenses that are not expected to be recovered. The amortization period for such expenses is less than one year; therefore, the costs are expensed as incurred.

Taxes

The Company excludes all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer (for example, sales, use, value added and some excise taxes) from the transaction price.

Contract Balances

The Company receives payment from customers based on terms established with the customer. Payments are typically due within 14 to 30 days of delivery. Revenue contract liabilities relate to payments received in advance of satisfying the performance under the customer contract. The revenue contract liabilities relate to customer prepayments and the advanced consideration, such as cash, received from governmental agency contracts for which performance obligations to the end customer have not been satisfied.

Changes in the revenue contract liability balances for the years ended December 28, 2025 and December 29, 2024 were as follows:


	December 28, 2025		December 29, 2024
	(In thousands)
Balance, beginning of year	$	48,898	$	84,958
Revenue recognized	(45,443)		(82,331)
Cash received, excluding amounts recognized as revenue during the period	34,167		46,271
Balance, end of year	$	37,622	$	48,898

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-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

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)			1 Months Ended	2 Months Ended	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Dec. 06, 2024	Jun. 24, 2024	Oct. 13, 2016	Oct. 16, 2019	Dec. 28, 2025	Dec. 31, 2023	Dec. 31, 2020	Dec. 31, 2019	Jul. 17, 2025	Dec. 29, 2024
Loss Contingencies [Line Items]
Outstanding purchase contracts, payable in 2026					$ 483,700,000
Outstanding purchase contracts, payable in 2027					281,600,000
Outstanding purchase contracts, payable in 2028					1,800,000
Outstanding purchase contracts, payable in 2029					1,700,000
Outstanding purchase contracts, payable thereafter					9,000,000.0
Broiler Chicken Antitrust Litigation \| Settled Litigation
Loss Contingencies [Line Items]
Amount awarded to other party			$ 195,500,000
Settlement expense			$ 683,100,000
Litigation settlement, gain		$ 100,000,000			100,600,000
Jien v. Perdue Farms, Inc. and Earnest v. Perdue Farms, Inc. et al \| Settled Litigation
Loss Contingencies [Line Items]
Amount awarded to other party				$ 29,000,000
State of Alaska v. Agri Stats, Inc., et al., 3AN-21-04632 \| Settled Litigation \| Damages from Product Defects
Loss Contingencies [Line Items]
Settlement expense	$ 41,500,000
City of Miami Beach Fire and Police Pension Fund \| Pending Litigation
Loss Contingencies [Line Items]
Loss contingency accrual									$ 0
Mexican Tax Authority \| Foreign
Loss Contingencies [Line Items]
Estimate of possible loss					230,000,000.0
Loss contingency accrual					$ 88,200,000
Mexican Tax Authority \| Foreign \| Avícola Pilgrim’s Pride de Mexico, S.A. de C.V Litigation
Loss Contingencies [Line Items]
Taxes payable										$ 16,300,000
Mexican Tax Authority \| Foreign \| Avícola Pilgrim’s Pride de Mexico, S.A. de C.V Litigation \| Settled Litigation
Loss Contingencies [Line Items]
Tax settlement amount						$ 25,900,000
UK Revenue & Customs Authority \| Foreign \| Tax Year 2017
Loss Contingencies [Line Items]
Deduction, amount								$ 7,900,000
UK Revenue & Customs Authority \| Foreign \| Tax Year 2018
Loss Contingencies [Line Items]
Deduction, amount							$ 32,100,000

REVENUE RECOGNITION - Schedule of Changes in Revenue Contract Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Movement in Contract with Customer, Liability [Roll Forward]
Balance, beginning of year	$ 48,898	$ 84,958
Revenue recognized	(45,443)	(82,331)
Cash received, excluding amounts recognized as revenue during the period	34,167	46,271
Balance, end of year	$ 37,622	$ 48,898

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 28, 2025	Feb. 11, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 28, 2025
Current Fiscal Year End Date	--12-28
Document Transition Report	false
Entity File Number	1-9273
Entity Registrant Name	PILGRIM’S PRIDE CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-1285071
Entity Address, Address Line One	1770 Promontory Circle
Entity Address, City or Town	Greeley
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80634-9038
City Area Code	970
Local Phone Number	506-8000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	PPC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1,860,373,070
Entity Common Stock, Shares Outstanding		237,547,447
Documents Incorporated by Reference	Portions of the Company’s Proxy Statement for the 2026 Annual Meeting of Stockholders are incorporated by reference into Part III of this annual report.
Amendment Flag	false
Entity Central Index Key	0000802481
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2025

INCOME TAXES - Schedule of Income Taxes Paid (Net of Refunds) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]
U.S. federal	$ 151,548	$ 125,143	$ (28,777)
Total state and local	74,131	23,513	1,762
Total foreign	136,213	48,901	46,763
Total	361,892	197,557	19,748
Florida
Effective Income Tax Rate Reconciliation [Line Items]
Total state and local	0	0	3,150
Other
Effective Income Tax Rate Reconciliation [Line Items]
Total state and local	74,131	23,513	(1,388)
Mexico
Effective Income Tax Rate Reconciliation [Line Items]
Total foreign	55,310	0	39,053
United Kingdom
Effective Income Tax Rate Reconciliation [Line Items]
Total foreign	67,361	30,909	2,741
France
Effective Income Tax Rate Reconciliation [Line Items]
Total foreign	0	11,668	3,847
Other
Effective Income Tax Rate Reconciliation [Line Items]
Total foreign	$ 13,542	$ 6,324	$ 1,122

INVESTMENTS IN SECURITIES (Tables)

12 Months Ended

Dec. 28, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Securities

The following table summarizes our investments in available-for-sale securities:


	December 28, 2025				December 29, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Cash equivalents
Fixed income securities	$	520,809	$	520,899	$	1,702,493	$	1,702,697
Short-term investments
Fixed income securities	—		—		10,000		10,220

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

REVENUE RECOGNITION - Narrative (Details)	12 Months Ended
REVENUE RECOGNITION - Narrative (Details)	Dec. 28, 2025
Minimum
Disaggregation of Revenue [Line Items]
Payments due period (in days)	14 days
Maximum
Disaggregation of Revenue [Line Items]
Payments due period (in days)	30 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-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

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

+ Details

SUPPLIER FINANCE PROGRAMS - Schedule of Supplier Finance Programs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Supplier Finance Program, Obligation [Roll Forward]
Confirmed obligations outstanding, beginning of year	$ 152,780	$ 192,666
Invoices confirmed during the year	865,260	870,540
Confirmed invoices paid during the year	(808,646)	(910,426)
Confirmed obligations outstanding, end of year	$ 209,394	$ 152,780

LEASES - Schedule of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Leases [Abstract]
Accrued expenses and other current liabilities	$ 59,630	$ 63,327
Current maturities of long-term debt	585	536
Noncurrent operating lease liability, less current maturities	199,315	195,944
Long-term debt, less current maturities	804	1,256
Total lease liabilities	258,945	259,271
Total lease liabilities	$ 1,389	$ 1,792
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-Term Debt, Current Maturities	Long-Term Debt, Current Maturities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, less current maturities	Long-term debt, less current maturities

INVENTORIES (Tables)

12 Months Ended

Dec. 28, 2025

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following:


	December 28, 2025		December 29, 2024
	(In thousands)
Raw materials and work-in-process	$	1,191,188	$	1,069,170
Finished products	644,792		527,364
Operating supplies	85,164		77,146
Maintenance materials and parts	110,115		109,808
Total inventories	$	2,031,259	$	1,783,488

REPORTABLE SEGMENTS - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Net sales
Total net sales	$ 18,497,553	$ 17,878,291	$ 17,362,217
Total cost of sales	16,139,410	15,565,524	16,243,816
Total gross profit	2,358,143	2,312,767	1,118,401
Total SG&A expenses	713,250	713,310	551,770
Operating income
Total segment operating income	1,613,539	1,506,069	522,286
Interest expense, net of capitalized interest	161,388	161,175	202,272
Interest income	51,118	72,666	35,651
Foreign currency transaction losses (gains)	6,777	(10,025)	20,570
Miscellaneous, net	(5,646)	15,316	(30,127)
Income before income taxes	1,502,138	1,412,269	365,222
Income tax expense	418,794	325,046	42,905
Net income	1,083,344	1,087,223	322,317
U.S.
Net sales
Total net sales	10,550,171	10,165,049	9,496,709
Europe
Net sales
Total net sales	5,299,020	5,087,606	5,148,931
Mexico
Net sales
Total net sales	2,154,325	2,160,490	2,180,418
Asia-Pacific
Net sales
Total net sales	329,801	303,570	384,946
Canada, Caribbean and Central America
Net sales
Total net sales	78,478	89,068	72,339
Africa
Net sales
Total net sales	54,936	52,329	66,519
South America
Net sales
Total net sales	30,822	20,179	12,355
Eliminations
Net sales
Total cost of sales	0	0	214
Total gross profit	0	0	(214)
Operating income
Total segment operating income	0	0	(214)
Interest expense, net of capitalized interest	0	(8,255)	(8,014)
Interest income	0	(8,255)	(8,014)
U.S.
Net sales
Total net sales	10,998,732	10,629,929	10,027,742
U.S. \| Operating Segments
Net sales
Total cost of sales	9,364,633	9,065,837	9,505,258
Total gross profit	1,634,099	1,564,092	522,484
Total SG&A expenses	460,695	451,091	283,590
Operating income
Total segment operating income	1,173,404	1,113,001	238,894
Interest expense, net of capitalized interest	158,318	166,002	208,000
Interest income	29,470	32,218	13,987
Income tax expense	313,935	237,550	(5,848)
Europe
Net sales
Total net sales	5,378,865	5,136,747	5,203,322
Europe \| Operating Segments
Net sales
Total cost of sales	4,886,105	4,675,080	4,828,623
Total gross profit	492,760	461,667	374,699
Total SG&A expenses	189,009	198,586	202,203
Restructuring activities charges	31,354	93,388	44,345
Operating income
Total segment operating income	272,397	169,693	128,151
Interest expense, net of capitalized interest	2,395	2,237	1,728
Interest income	5,015	16,233	4,656
Income tax expense	53,100	10,750	23,378
Mexico
Net sales
Total net sales	2,119,956	2,111,615	2,131,153
Mexico \| Operating Segments
Net sales
Total cost of sales	1,888,672	1,824,607	1,909,721
Total gross profit	231,284	287,008	221,432
Total SG&A expenses	63,546	63,633	65,977
Operating income
Total segment operating income	167,738	223,375	155,455
Interest expense, net of capitalized interest	675	1,191	558
Interest income	16,633	32,470	25,022
Income tax expense	51,759	76,746	25,375
Mexico \| Eliminations
Net sales
Total net sales	$ 99,800	$ 121,600	$ 370,100

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Benefit Payments (Details) $ in Thousands	Dec. 28, 2025 USD ($)
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2026	$ 8,000
2027	8,162
2028	8,407
2029	8,509
2030	8,542
2027-2031	43,412
Total	85,032
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2026	215
2027	191
2028	169
2029	148
2030	128
2027-2031	403
Total	$ 1,254

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Gain (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Derivative [Line Items]
Total	$ (4,375)	$ (12,746)	$ (34,882)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net sales	Total net sales	Total net sales
Foreign currency derivatives
Derivative [Line Items]
Total	$ 0	$ 0	$ (34,229)
Commodity derivatives
Derivative [Line Items]
Total	(2,515)	(11,008)	(5,318)
Sales contract derivatives
Derivative [Line Items]
Total	$ (1,860)	$ (1,738)	$ 4,665

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Capital contribution under tax sharing agreement
Related Party Transaction [Line Items]
Other related party transactions	$ 0	$ 0	$ (1,425)
Total
Related Party Transaction [Line Items]
Sales to related parties	75,534	33,333	35,803
Cost of goods purchased from related parties	289,846	206,482	240,139
Expenditures paid by related parties	249,329	121,962	156,454
Expenditures paid on behalf of related parties	12,931	14,593	22,739
Accounts receivable from related parties	13,398	2,608
Accounts payable to related parties	43,516	15,257
JBS Toledo N.V.
Related Party Transaction [Line Items]
Sales to related parties	41,947	0	0
Accounts receivable from related parties	10,486	0
JBS USA Food Company
Related Party Transaction [Line Items]
Sales to related parties	23,307	28,230	27,687
Cost of goods purchased from related parties	145,324	159,264	185,258
Expenditures paid by related parties	249,329	121,962	156,439
Expenditures paid on behalf of related parties	12,931	14,593	22,734
Accounts receivable from related parties	1,629	1,727
Accounts payable to related parties	8,346	5,424
Goods in transit	1,500
JBS Chile Ltd.
Related Party Transaction [Line Items]
Sales to related parties	2,797	3,143	1,733
Accounts receivable from related parties	763	725
Other related parties
Related Party Transaction [Line Items]
Sales to related parties	7,483	1,960	6,383
Cost of goods purchased from related parties	2,560	2,130	7,168
Expenditures paid by related parties	0	0	15
Expenditures paid on behalf of related parties	0	0	5
Accounts receivable from related parties	520	156
Accounts payable to related parties	7,328	235
Seara Meats B.V.
Related Party Transaction [Line Items]
Cost of goods purchased from related parties	89,131	28,170	28,828
Accounts payable to related parties	26,686	4,861
Penasul UK LTD
Related Party Transaction [Line Items]
Cost of goods purchased from related parties	41,804	10,670	13,932
Accounts payable to related parties	1,156	714
JBS Asia Co Limited
Related Party Transaction [Line Items]
Cost of goods purchased from related parties	11,027	6,248	$ 4,953
Accounts payable to related parties	$ 0	$ 4,023

DERIVATIVE FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 28, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

Information regarding the Company’s outstanding derivative instruments and cash collateral posted with brokers is included in the following table:


	December 28, 2025			December 29, 2024
	(In thousands)
Fair values
Commodity derivative assets	$	9,509		$	6,598
Commodity derivative liabilities	(1,343)			(2,494)
Foreign currency derivative assets	95			755
Foreign currency derivative liabilities	(205)			(1,397)
Sales contract derivative liabilities	(2,638)			(778)
Cash collateral posted with brokers(a)	—			2,324
Margin cash payable(b)	(3,886)			—
Derivatives coverage(c)
Corn	11.6		%	11.5		%
Soybean meal	13.8		%	9.3		%
Period through which stated percent of needs are covered:
Corn	December 2026			December 2025
Soybean meal	December 2026			March 2026

(a)Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents.

(b)Collateral that is owed to brokers is reflected in margin cash payable

(c)Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.

The following table presents the gains and losses of each derivative instrument held by the Company not designated or qualifying as hedging instruments:


	Year Ended
Type of Contract (a)	December 28, 2025		December 29, 2024		December 31, 2023		Affected Line Item in the Consolidated Statements of Income
Foreign currency derivatives	$	—	$	—	$	(34,229)	Foreign currency transaction losses (gains)
Commodity derivatives	(2,515)		(11,008)		(5,318)		Cost of sales
Sales contract derivatives	(1,860)		(1,738)		4,665		Net sales
Total	$	(4,375)	$	(12,746)	$	(34,882)

(a)Amounts represent income (expenses) related to results of operations.

The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges:


	Gains (Losses) Recognized in Other Comprehensive Income (Loss)
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Foreign currency derivatives	$	(2,318)	$	1,767	$	(2,579)


	Gains (Losses) Reclassified from AOCI into Income
	December 28, 2025				December 31, 2024
	Net sales(a)		Cost of sales(b)		Net sales(a)		Cost of sales(b)
	(In thousands)
Total amounts of income and expense line items presented in the Consolidated Statements of Income in which the effects of cash flow hedges are recorded	$	18,497,553	$	16,139,410	$	17,878,291	$	15,565,524
Impact from cash flow hedging instruments:

Foreign currency derivatives	(2,836)		(22)		1,367		(482)

(a)Amounts represent income (expenses) related to net sales.

(b)Amounts represent expenses (income) related to cost of sales and interest expense.

As of December 28, 2025, there were $1.5 million of pre-tax deferred net losses on foreign currency derivatives recorded in AOCI expected to be reclassified to the Consolidated Statements of Income during the next twelve months. This expectation is based on the anticipated settlements on the hedged investments in foreign currencies that will occur over the next twelve months, at which time the Company will recognize the deferred losses to earnings.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

+ Details

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Inventory Disclosure [Abstract]
Raw materials and work-in-process	$ 1,191,188	$ 1,069,170
Finished products	644,792	527,364
Operating supplies	85,164	77,146
Maintenance materials and parts	110,115	109,808
Total inventories	$ 2,031,259	$ 1,783,488

INVESTMENTS IN SECURITIES

12 Months Ended

Dec. 28, 2025

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS IN SECURITIES

The Company recognizes investments in available-for-sale securities as cash equivalents, current investments or long-term investments depending upon each security’s length to maturity. The following table summarizes our investments in available-for-sale securities:


	December 28, 2025				December 29, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Cash equivalents
Fixed income securities	$	520,809	$	520,899	$	1,702,493	$	1,702,697
Short-term investments
Fixed income securities	—		—		10,000		10,220

Interest income and gross realized gains during 2025 and 2024 related to the Company’s available-for-sale securities totaled $50.5 million and $70.8 million, respectively, while gross realized losses were immaterial. Proceeds received from the sale or maturity of available-for-sale securities investments are historically disclosed in the Consolidated Statements of Cash Flows. Net unrealized holding gains and losses on the Company’s available-for-sale securities recognized during 2025 and 2024 that have been included in accumulated other comprehensive income (loss) and the net amount of gains and losses reclassified out of accumulated other comprehensive income (loss) to earnings during 2025 and 2024 are disclosed in “Note 14. Stockholders’ Equity.”

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 28, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business

Pilgrim’s Pride Corporation (referred to herein as “Pilgrim’s,” “PPC,” “the Company,” “we,” “us,” “our,” or similar terms) is one of the largest food companies in the world, with operations in the United States (“U.S.”), the United Kingdom (“U.K.”), Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland. Pilgrim’s is primarily a chicken producer, with pork and lamb operations in the U.K. Pilgrim’s products are sold to foodservice, retail and frozen entrée customers. The Company’s primary distribution is through retailers, foodservice distributors and restaurants throughout the countries listed above. Additionally, the Company exports chicken and pork products (from its U.K. operations) to over 120 countries. Our fresh products consist of refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, pork ribs and lamb products. The Company’s prepared products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. The Company’s other products include plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. The Company also provides direct-to-consumer meals and hot food to-go solutions in the U.K. and the Republic of Ireland. We operate feed mills, hatcheries, processing plants and distribution centers in 14 U.S. states, the U.K., Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland.

Consolidated Financial Statements

The Company operates on the basis of a 52/53-week fiscal year ending on the Sunday falling on or before December 31. Any reference we make to a particular year in the notes to these Consolidated Financial Statements applies to our fiscal year and not the calendar year. Fiscal years 2025 and 2024 were both 52-week fiscal years.

The Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”) using management’s best estimates and judgments. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of the contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments. Significant estimates made by the Company include the allowance for credit losses, reserves related to inventory obsolescence or valuation, useful lives of long-lived assets, goodwill, identifiable intangible assets, valuation of deferred tax assets, insurance accruals, valuation of pension and other postretirement benefits obligations, income tax accruals, certain derivative positions and valuations of acquired businesses.

The functional currency of the Company’s U.S. operations and certain holding-company subsidiaries in Luxembourg, the U.K., Malta and the Republic of Ireland is the U.S. dollar. The functional currency of its U.K. operations is the British pound. The functional currency of the Company’s operations in France, the Netherlands and the Republic of Ireland is the euro. In 2024, the Company determined that there was a significant change in economic factors that necessitated a reassessment of the appropriate functional currency of the Mexico reportable segment. The primary economic factors driving the change included 1) the recent sustained, historical strengthening of the Mexican peso against the U.S. dollar and against other global currencies without a correlated impact on the average product sales prices of our Mexico operations and 2) a shift in the proportional volume of spend we have that is denominated in Mexican peso in relation to spend that is denominated in U.S. dollar. As a result of this reassessment, on April 1, 2024, the Company changed the functional currency of its Mexico operations from U.S. dollar to the Mexican peso. The functional currency of the Company’s operations in Mexico during fiscal year 2025 is the Mexican peso. For foreign currency-denominated entities, translation from local currencies into U.S. dollars is performed for assets and liabilities using the exchange rates in effect as of the balance sheet date. Income and expense accounts are remeasured using average exchange rates for the period. Adjustments resulting from translation of these financial records are reflected as a separate component of Accumulated other comprehensive loss in the Consolidated Balance Sheets. For the Company’s Mexico operations prior to April 1, 2024, remeasurement from the Mexican peso to U.S. dollars was performed for monetary assets and liabilities using the exchange rate in effect as of the balance sheet date. Remeasurement was performed for non-monetary assets using the historical exchange rate in effect on the date of each asset’s acquisition. Income and expense accounts were remeasured using average exchange rates for the period. Net adjustments that resulted from remeasurement of the financial records, as well as foreign currency transaction gains and losses, are reflected in Foreign currency transaction losses (gains) in the Consolidated Statements of Income.

The Company or its subsidiaries may use derivatives for the purpose of mitigating exposure to changes in foreign currency exchange rates. Foreign currency transaction gains or losses are reported in the Consolidated Statements of Income.

Revenue Recognition

The vast majority of the Company’s revenue is derived from contracts which are based upon a customer ordering its products. While there may be master agreements, the contract is only established when the customer’s order is accepted by the Company. The Company accounts for a contract, which may be verbal or written, when it is approved and committed by both parties, the rights of the parties are identified along with payment terms, the contract has commercial substance and collectability is probable.

The Company evaluates the transaction for distinct performance obligations, which are the sale of its products to customers. Since its products are commodity market-priced, the sales price is representative of the observable, standalone selling price. Each performance obligation is recognized based upon a pattern of recognition that reflects the transfer of control to the customer at a point in time, which is upon destination (customer location or port of destination), and depicts the transfer of control and recognition of revenue. There are instances of customer pick up at the Company’s facilities, in which case control transfers to the customer at that point and the Company recognizes revenue. The Company’s performance obligations are typically fulfilled within days to weeks of the acceptance of the order.

The Company makes judgments regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from revenue and cash flows with customers. Determination of a contract requires evaluation and judgment along with the estimation of the total contract value and if any of the contract value is constrained. Due to the nature of the business, there is minimal variable consideration, as the contract is established at the acceptance of the order from the customer. When applicable, variable consideration is estimated at contract inception and updated on a regular basis until the contract is completed. Allocating the transaction price to a specific performance obligation based upon the relative standalone selling prices includes estimating the standalone selling prices including discounts and variable consideration.

Shipping and Handling Costs

In the rare case when shipping and handling activities are performed after a customer obtains control of the good, the Company has elected to account for shipping and handling as activities to fulfill the promise to transfer the good. When revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Shipping and handling costs are recorded within cost of sales.

Advertising Costs

The Company expenses advertising costs as incurred. Advertising costs are included in Selling, general and administrative (“SG&A”) expense and totaled $80.3 million, $70.1 million and $56.7 million for 2025, 2024 and 2023, respectively.

Research and Development Costs

Research and development costs are expensed as incurred. Research and development costs totaled $17.9 million, $12.4 million and $5.7 million for 2025, 2024 and 2023, respectively.

Cash and Cash Equivalents

The Company considers highly liquid investments with an original maturity of three months or less when acquired to be cash equivalents. The majority of the Company’s disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Consolidated Statements of Cash Flows.

Restricted Cash

The Company is required to maintain cash balances with a broker as collateral for exchange traded futures contracts. These balances are classified as restricted cash as they are not available for use by the Company to fund daily operations. The balance of restricted cash may also include investments in U.S. Treasury Bills that qualify as cash equivalents, as required by the broker, to offset the obligation to return cash collateral.

The following table reconciles cash, cash equivalents, restricted cash and restricted cash equivalents as reported in the Consolidated Balance Sheets to the total of the same amounts shown in the Consolidated Statements of Cash Flows:


	December 28, 2025		December 29, 2024
	(In thousands)
Cash and cash equivalents	$	640,235	$	2,040,834
Restricted cash and restricted cash equivalents	—		2,324
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the Consolidated Statements of Cash Flows	$	640,235	$	2,043,158

Investments

The Company’s current investments are all highly liquid investments classified as either cash equivalents or short-term investments with an original maturity of less than one year at the time of acquisition. The Company’s current investments are comprised of fixed income securities, such as commercial paper. These investments are classified as available for sale. These securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a component of accumulated other comprehensive loss. Investments in fixed income securities with remaining maturities of less than one year and those identified by management at the time of purchase for funding operations in less than one year are classified as current assets. Investments in fixed income securities with remaining maturities in excess of one year that management has not identified at the time of purchase for funding operations in less than one year are classified as long-term assets. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other-than-temporary. Management reviews several factors to determine whether a loss is other-than-temporary, such as the length of time a security is in an unrealized loss position, the extent to which fair value is less than amortized cost, the impact of changing interest rates in the short and long term, and the Company’s intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. The Company determines the cost of each security sold and each amount reclassified out of accumulated other comprehensive loss into earnings using the specific identification method. Purchases and sales are recorded on a settlement-date basis.

Investments in entities in which the Company has an ownership interest greater than 50% and exercises control over the entity are consolidated in the Consolidated Financial Statements. Investments in entities in which the Company has an ownership interest between 20% and 50% and exercises significant influence are accounted for using the equity method. The Company invests from time to time in ventures in which its ownership interest is less than 20% and over which it does not exercise significant influence. Such investments are carried at cost, less any impairment, and adjusted for observable price changes in orderly transactions for an identical or similar investment of the same issuer. The fair values for investments not traded on a quoted exchange are estimated based upon the historical performance of the ventures, the ventures’ forecasted financial performance and management’s evaluation of the ventures’ viability and business models. To the extent the book value of an investment exceeds its assessed fair value, the Company will record an appropriate impairment charge.

Accounts Receivable

The Company records accounts receivable when revenue is recognized. The Company records an allowance for expected credit losses, reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for credit losses are based on historical collection experience, current trends, aging of accounts receivable, and periodic credit evaluations of our customers’ financial condition. The Company writes off accounts receivable when it becomes apparent, based on age or customer circumstances, that such amounts will not be collected. Generally, the Company does not require collateral for its accounts receivable.

Inventories

Live chicken and pig inventories are stated at the lower of cost or net realizable value and breeder hen, breeder sow, and boar inventories are stated at the lower of cost, less accumulated amortization, or net realizable value. The costs associated with breeder hen inventories are accumulated up to the production stage and amortized over their productive lives using the unit-of-production method. The costs associated with breeder sow inventories are accumulated up to the production stage and amortized on a straight-line basis over their productive lives to the estimated residual cull value. Finished poultry products, finished pork products, feed, eggs and other inventories are stated at the lower of cost (average) or net realizable value. Inventory typically transfers from one stage of production to another at a standard cost, where it accumulates additional cost directly incurred with the production of inventory, including overhead. The standard cost at which each type of inventory transfers is set by management to reflect the actual costs incurred in the prior steps. The Company monitors and adjusts standard costs throughout the year to ensure that standard costs reasonably reflect the actual average cost of the inventory produced.

The Company allocates meat costs between its various finished chicken products based on a by-product costing technique that reduces the cost of the whole bird by estimated yields and amounts to be recovered for certain by-product parts.

This primarily includes leg quarters, wings, tenders, and offal, which are carried in inventory at the estimated recovery amounts, with the remaining amount being reflected as its breast meat cost. The Company allocates meat costs between its various finished pork products based on a by-product costing technique that allocates the cost of the whole pig into the primal cuts by estimated yields and amounts to be recovered for certain by-product parts. This primarily includes legs, shoulders, bellies, offal, and fifth quarter parts, which are carried in inventory at the estimated recoverable amounts, with the remaining amount being reflected as its loin meat cost.

The Company values its other prepared foods products, raw materials and packaging materials at the lower of weighted average cost and net realizable value. Work-in-progress is valued at the latest production cost (raw materials, packaging), finished goods are valued at the lower of the latest actual monthly production cost (raw materials, packaging and direct labor) and attributable overhead and net realizable value, and engineering spares and consumables are valued at cost with an appropriate provision for obsolete engineering spares consistent with historical practice.

Generally, the Company performs an evaluation of whether any lower-of-cost-or-net-realizable-value adjustments are required at the country level based on a number of factors, including: (1) pools of related inventory, (2) product continuation or discontinuation, (3) estimated market selling prices and (4) expected distribution channels. If actual market conditions or other factors are less favorable than those projected by management, additional inventory adjustments may be required. The Company also records valuation adjustments, when necessary, for estimated obsolescence at or equal to the difference between the cost of inventory and the estimated market value based on known conditions affecting inventory obsolescence, including significantly aged products, discontinued product lines, or damaged or obsolete products.

Leases

The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease assets, net, Accrued expenses, and other current liabilities, and Noncurrent operating lease liabilities, less current maturities, in our Consolidated Balance Sheets. Finance leases are included in Property, plant and equipment, net, Current maturities of long-term debt and Long-term debt, less current maturities in our Consolidated Balance Sheets.

Operating lease assets and operating lease liabilities are initially recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit interest rate, the Company uses its incremental borrowing rate (“IBR”) based on the information available at commencement date in determining the present value of future payments. IBR is derived from the Company’s credit facility’s margin as a basis with adjustments to the periodically updated SOFR swap rate and foreign-currency curve. The operating lease asset also includes any lease payments made, including upfront costs and prepayments, and excludes lease incentives and initial direct costs incurred. The Company’s lease terms may include options to extend or terminate a lease when it is reasonably certain that it will exercise that option. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term with a corresponding reduction to the operating lease asset.

The Company has lease agreements with lease and non-lease components. Lease and non-lease components are generally accounted for separately. For certain equipment leases, such as vehicles, the Company accounts for the lease and non-lease components as a single lease component.

Property, Plant and Equipment

Property, plant, and equipment are stated at cost, and repair and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of these assets. Estimated useful lives for buildings, machinery and equipment are five to 33 years and for automobiles and trucks are three to ten years. The charge to income resulting from amortization of assets recorded under capital leases is included within depreciation expense.

The Company records impairment charges on long-lived assets held for use when events and circumstances indicate that the assets may be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amount of those assets. When this occurs, the impairment charge is determined based on the amount the net book value of the assets exceeds their fair market value. In making these determinations, the Company utilizes certain assumptions, including but not limited to: (1) future cash flows estimated to be generated by these assets, which are based on additional assumptions such as asset utilization, remaining length of service and estimated salvage values, (2) estimated fair market value of the assets, and (3) determinations with respect to the lowest level of cash flows relevant to the respective impairment test, generally groupings of related operational facilities. Given the interdependency of the Company’s individual facilities during the production process, that operate as a vertically integrated network, it evaluates impairment of assets held for use at the country level (i.e., the U.S. and Mexico). Management believes this is the lowest level of identifiable cash flows for its assets

that are held for use in production activities. At present, the Company’s forecasts indicate that it can recover the carrying value of its assets held for use based on the projected undiscounted cash flows of the operations.

The Company records impairment charges on long-lived assets held for sale when the carrying amount of those assets exceeds their fair value less appropriate selling costs. Fair value is based on amounts documented in sales contracts or letters of intent accepted by the Company, amounts included in counteroffers initiated by the Company, or, in the absence of current contract negotiations, amounts determined using a sales comparison approach for real property and amounts determined using a cost approach for personal property. Under the sales comparison approach, sales and asking prices of reasonably comparable properties are considered to develop a range of unit prices within which the current real estate market is operating. Under the cost approach, a current cost to replace the asset new is calculated and then the estimated replacement cost is reduced to reflect the applicable decline in value resulting from physical deterioration, functional obsolescence and economic obsolescence. Appropriate selling costs include reasonable broker’s commissions, costs to produce title documents, filing fees, legal expenses and the like.

Goodwill and Other Intangibles, net

Goodwill represents the excess of the aggregate purchase price over the fair value of the net identifiable assets acquired in a business combination. Identified intangible assets represent trade names, customer relationships, and non-compete agreements arising from acquisitions that are recorded at fair value as of the date acquired, less accumulated amortization, if any. The Company uses various market valuation techniques to determine the fair value of its identified intangible assets.

Goodwill and other intangible assets with indefinite lives are not amortized, but are tested for impairment on an annual basis in the fourth quarter of each fiscal year or more frequently if impairment indicators arise. For goodwill, an impairment loss is recognized for any excess of the carrying amount of a reporting unit’s goodwill over the implied fair value of that goodwill. Management first reviews relevant qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than the unit’s carrying amount (including goodwill). If management determines it is more likely than not that the carrying amount of a reporting unit’s goodwill might be impaired, a quantitative analysis is performed. Management performed a qualitative analysis noting that it was not more likely than not that there was goodwill impairment in any of its reporting units as of December 28, 2025. For indefinite-lived intangible assets, an impairment loss is recognized if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value of that intangible asset. Management first reviews relevant qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that an intangible asset is impaired. If management determines there is an indication that the carrying amount of the intangible asset might be impaired, and a quantitative analysis is performed. Management performed a qualitative analysis noting that it was not more likely than not that there was impairment for any of its indefinite-lived intangible assets as of December 28, 2025.

Identifiable intangible assets with definite lives, such as customer relationships and trade names, that the Company expects to use for a limited amount of time, are amortized over their estimated useful lives on a straight-line basis. The useful lives range from 15 to 20 years for trade names and three to 18 years for customer relationships. Identified intangible assets with definite lives are tested for recoverability whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Management assessed if events or changes in circumstances indicated that the aggregate carrying amount of its identified intangible assets with definite lives might not be recoverable and determined that there were no impairment indicators during the years ended December 28, 2025 and December 29, 2024.

Litigation and Contingent Liabilities

The Company is subject to lawsuits, investigations, and other claims related to employment, environmental, product, and other matters. The Company is required to assess the likelihood of any adverse judgments or outcomes, as well as potential ranges of probable losses related to these matters. The Company estimates the amount of reserves required for these contingencies when losses are determined to be probable and after considerable analysis of each individual issue. The Company expenses legal costs related to such loss contingencies as they are incurred. The accrual for environmental remediation liabilities is measured on an undiscounted basis. These reserves may change in the future due to changes in the Company’s assumptions, the effectiveness of strategies, or other factors beyond the Company’s control.

Accrued Self-Insurance

Insurance expense for casualty claims and employee-related health care benefits is estimated using historical and current experience and actuarial estimates. Stop-loss coverage is maintained with third-party insurers to limit the Company’s total exposure. Certain categories of claim liabilities are actuarially determined. The assumptions used to arrive at periodic expenses are reviewed regularly by management. However, actual expenses could differ from these estimates and could result in adjustments being recognized.

Asset Retirement Obligations

The Company monitors certain asset retirement obligations in connection with its operations. These obligations relate to clean-up, removal, or replacement activities and related costs for “in-place” exposures only when those exposures are moved or modified, such as during renovations of the Company’s facilities. These in-place exposures include asbestos, refrigerants, wastewater, oil, lubricants, and other contaminants common in manufacturing environments. Under existing regulations, the Company is not required to remove these exposures and there are no plans to undertake a renovation that would require removal of the asbestos or the remediation of the other in-place exposures at this time. The facilities are expected to be maintained and repaired by activities that will not result in the removal or disruption of these in-place exposures at this time. As a result, there is an indeterminate settlement date for these asset retirement obligations because the range of time over which the Company may incur these liabilities is unknown and cannot be reasonably estimated. Therefore, the Company has not recorded the fair value of any potential liability.

Income Taxes

The Company follows provisions stated in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, with regard to members of a group that file a consolidated tax return but issue separate financial statements. The Company files certain state unitary returns with JBS USA Food Company Holdings (“JBS USA Holdings”). The income tax expense of the Company is computed using the separate return method. The provision for income taxes has been determined using the asset and liability approach of accounting for income taxes. For the unitary states, we have an obligation to make tax payments to JBS USA Holdings for our share of the unitary taxable income, which is included in taxes payable in our Consolidated Balance Sheets. Under this approach, deferred income taxes reflect the net tax effect of temporary differences between the book and tax bases of recorded assets and liabilities, net operating losses and tax credit carryforwards. The amount of deferred tax on these temporary differences is determined using the tax rates expected to apply to the period when the asset is realized or the liability is settled, as applicable, based on the tax rates and laws in the respective tax jurisdiction enacted as of the balance sheet date.

The Company reviews its deferred tax assets for recoverability and establishes a valuation allowance based on historical taxable income, potential for carryback of tax losses, projected future taxable income, applicable tax strategies, and the expected timing of the reversals of existing temporary differences. A valuation allowance is provided when it is more likely than not that some or all of the deferred tax assets will not be realized. Valuation allowances have been established primarily for net operating loss carryforwards of certain foreign subsidiaries.

During 2025, the Company changed its assertion regarding the permanent reinvestment of certain foreign earnings. For Mexico, we no longer consider cumulative earnings through 2025 to be permanently reinvested. As a result, the Company recognized a deferred tax liability and associated income tax expense of approximately $7.1 million. For Puerto Rico, the U.K., the Republic of Ireland, France, the Netherlands, Luxembourg, and Malta, there are no positive cumulative earnings from these jurisdictions as of December 28, 2025, and therefore the Company is precluded from making a permanent reinvestment assertion for these jurisdictions.

The Company follows provisions within ASC Topic 740, Income Taxes, that provide a recognition threshold and measurement criteria for the financial statement recognition of a tax benefit taken or expected to be taken in a tax return. Tax benefits are recognized only when it is more-likely-than-not, based on the technical merits, that the benefits will be sustained on examination. Tax benefits that meet the more-likely-than-not recognition threshold are measured using a probability weighting of the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement. Whether the more-likely-than-not recognition threshold is met for a particular tax benefit is a matter of judgment based on the individual facts and circumstances evaluated in light of all available evidence as of the balance sheet date. See “Note 12. Income Taxes” to the Consolidated Financial Statements.

On December 30, 2024, the Company entered into a tax sharing agreement (the “Tax Sharing Agreement”) with JBS USA governing the allocation, and certain payment and reimbursement obligations of U.S. income tax liabilities and assets among the Company and its relevant U.S. corporate subsidiaries, on the one hand, and JBS USA and its relevant U.S. subsidiaries, on the other hand. The Tax Sharing Agreement is effective for each tax year beginning on or after December 30, 2024, or such other date on which PPC becomes a member of the Parent Consolidated Group (as defined in the Tax Sharing Agreement). The Tax Sharing Agreement is attached as Exhibit 10.15 to this Annual Report.

Pension and Other Postemployment Benefits

Our pension and other postemployment benefit costs and obligations are dependent on the various actuarial assumptions used in calculating such amounts. These assumptions relate to discount rates, long-term return on plan assets, and other factors. We base the discount rate assumptions on current investment yields on high-quality corporate long-term bonds.

We determine the long-term return on plan assets based on historical portfolio results and management’s expectation of the future economic environment. Actual results that differ from our assumptions are accumulated and, if in excess of the lesser of 10% of the projected benefit obligation or the fair market value of plan assets, amortized over either (1) the estimated average future service period of active plan participants if the plan is active or (2) the estimated average future life expectancy of all plan participants if the plan is frozen.

Derivative Financial Instruments

The Company uses derivative financial instruments (e.g., futures, forwards options, and swaps) for the purpose of mitigating exposure to changes in commodity prices and foreign currency exchange rates.

•Commodity Price Risk - The Company utilizes various raw materials, which are all considered commodities, in its operations, including corn, soybean meal, soybean oil, wheat, natural gas, electricity, and diesel fuel. The Company considers these raw materials to be generally available from a number of different sources and believes it can obtain them to meet its requirements. These commodities are subject to price fluctuations and related price risk due to factors beyond the Company’s control, such as economic and political conditions, supply and demand, weather, governmental regulation and other circumstances. Generally, the Company enters into derivative contracts such as physical forward contracts and exchange-traded futures or option contracts in an attempt to mitigate price risk related to its anticipated consumption of commodity inputs for periods up to 12 months. The Company may enter into longer-term derivatives on particular commodities if deemed appropriate.

•Foreign Currency Risk - The Company has foreign operations and, therefore, has exposure to foreign exchange risk when the financial results of those operations are translated to U.S. dollars. The Company will occasionally purchase derivative financial instruments such as foreign currency forward contracts in an attempt to mitigate currency exchange rate exposure in its Mexico reportable segment. The Company’s Europe reportable segment also attempts to mitigate foreign currency exposure on certain transactions denominated in foreign currencies through the use of derivative financial instruments.

Pilgrim’s recognizes all commodity derivative instruments that qualify for derivative accounting treatment as either assets or liabilities and measures those instruments at fair value unless they qualify for, and we elect, the normal purchases and normal sales scope exception (“NPNS”). The permitted accounting treatments include: cash flow hedge; fair value hedge, and undesignated contracts. Undesignated contract accounting is the default accounting treatment for all derivatives unless they qualify, and we specifically designate them, for one of the other accounting treatments. Derivatives designated for any of the elective accounting treatments must meet specific, restrictive criteria both at the time of designation and on an ongoing basis.

The Company has generally applied the NPNS exception for certain of its forward physical grain purchase and energy purchase contracts. NPNS contracts are accounted for using the accrual method of accounting; therefore, there were no amounts recorded in the Consolidated Financial Statements at December 28, 2025 and December 29, 2024.

Undesignated contracts may include contracts not designated as a hedge or for which the NPNS exception was not elected, contracts that do not qualify for hedge accounting and derivatives that do not or no longer qualify for the NPNS scope exception. The fair value of these derivatives is recognized in the Consolidated Balance Sheets within Prepaid expenses and other current assets or Accrued expenses and other current liabilities. Changes in fair value of these derivatives are recognized immediately in the Consolidated Statements of Income within Net sales, Cost of sales or Foreign currency transaction losses (gains), depending on the risk they are intended to mitigate. The Company’s counterparties require that it post collateral for changes in the net fair value of the derivative contracts. This cash collateral is reported in the line item Restricted cash and restricted cash equivalents on the Consolidated Balance Sheets, except in scenarios where the margin cash is not fully settled and in these scenarios, the outstanding balance is reported in Accrued expenses and other liabilities on the Consolidated Balance Sheets. While management believes these instruments help mitigate various market risks, they are not designated nor accounted for as hedges as a result of the extensive record keeping requirements.

The Company does apply hedge accounting treatment to certain derivative financial instruments related to its Europe reportable segment that it has purchased to mitigate foreign currency transaction exposures. Before the settlement date of the financial derivative instruments, the Company recognizes changes in the fair value of the cash flow hedge into accumulated other comprehensive income (“AOCI”). When the derivative financial instruments are settled, the amount in AOCI is then reclassified to earnings. Gains or losses related to these derivative financial instruments are included in the line item Net sales and Cost of sales in the Consolidated Statements of Income.

Business Combination Accounting

Pilgrim’s allocates the consideration of an acquired business to its identifiable assets and liabilities based on estimated fair values. The excess of the consideration over the amount allocated to the assets and liabilities, if any, is recorded to goodwill. The Company uses all available information to estimate fair values. Pilgrim’s uses various models to determine the value of assets acquired and liabilities assumed such as net realizable value to value inventory, cost method and market approach to value property, relief-from-royalty and multi-period excess earnings to value intangibles and discounted cash flow to value goodwill. The Company typically engages third-party valuation specialists to assist in the fair value determination of tangible long-lived assets and intangible assets other than goodwill. The fair value of acquired inventories is determined by extending physical counts of the inventories taken at or near the acquisition date to market pricing in effect for such inventories at or near the acquisition date. The carrying values of acquired receivables and accounts payable have historically approximated their fair values as of the business combination date. As necessary, Pilgrim’s may engage third-party specialists to assist in the estimation of fair value for certain liabilities. The Company adjusts the preliminary acquisition accounting, as necessary, typically up to one year after the acquisition closing date for those items that existed at the acquisition date and were provisionally accounted for at that time, as it obtains more information regarding asset valuations and liabilities assumed.

The Company’s acquisition accounting methodology contains uncertainties because it requires management to make assumptions and apply judgment to estimate the fair value of acquired assets and liabilities. Management estimates the fair value of assets and liabilities based upon quoted market prices, the carrying value of the acquired assets and widely accepted valuation techniques, including discounted cash flows and market multiple analyses. Unanticipated events or circumstances may occur which could affect the accuracy of the Company’s fair value estimates, including changes in assumptions regarding industry economic factors and business strategies. If actual results are materially different than the assumptions used to determine fair value of the assets and liabilities acquired through a business combination, it is possible that adjustments to the carrying values of such assets and liabilities will have an impact on the Company’s net earnings.

Industrial Revenue Bond Transactions

On November 7, 2025, the Company closed an industrial revenue bond transaction with the Walker County Development Authority (the “Authority”) in order to receive a ten-year property tax incentive on the Company’s production facility in Walker County currently under development. Pursuant to this transaction, the Authority issued an industrial development revenue bond in the amount of $460.5 million (subject to drawdowns as construction progresses) to the Company in order to acquire legal title to the land for the facility from the Company. The Authority then leased the land back to the Company under a finance lease, the terms of which provide for the payment of rent in an amount equal to the debt service owed by the Authority on the bonds. Title to buildings to be constructed and equipment to be acquired will also be acquired by the Authority and leased to the Company through this program. At this time, only the related land is recorded as an asset in Property, plant, and equipment, net on the Company’s Consolidated Balance Sheet. The Company has the legal right to set-off and intends to set-off the corresponding lease and bond debt service payments, therefore the Company has netted the finance lease obligation with the bond asset. As such, no amount for our obligation under the finance lease or the corresponding industrial revenue bond asset are reflected in our Consolidated Balance Sheet.

On August 22, 2024, the Company closed an industrial revenue bond transaction with the Douglas-Coffee County Industrial Authority d/b/a Douglas-Coffee County Development Authority (the “County”) to receive a five-year real property tax abatement on the Company’s newly constructed Douglas, Georgia protein conversion facility. Pursuant to this transaction, the County issued an industrial revenue bond for $130.0 million principal amount to the Company and then used the proceeds of the bond issuance to purchase the land and facility from the Company. The County then leased the facility back to the Company under a finance lease, the terms of which provide for the payment of rent in an amount equal to that of bond service costs. The related land and building are recorded as assets in Property, plant, and equipment, net on the Company’s Consolidated Balance Sheet. The Company has the legal right to set-off and intends to set-off the corresponding lease and bond service payments, therefore the Company has netted the finance lease obligation with the bond asset. As such, no amount for our obligation under the finance lease or the corresponding industrial revenue bond asset are reflected in our Consolidated Balance Sheet.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company makes significant estimates in regard to realization of deferred tax assets; valuation of long-lived assets; valuation of contingent liabilities and self-insurance liabilities; and valuation of acquired businesses.

Recent Accounting Pronouncements Adopted in 2025

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires additional disclosures for income taxes to enhance transparency and usefulness of income tax disclosures. The guidance requires additional disclosures for the tabular rate reconciliation, income taxes paid, and the disaggregation of domestic, federal and state, and foreign components within income (or loss) from continuing operations before income tax expense (or benefit) and income tax expense (or benefit) from continuing operations. The provisions of the new guidance is effective for years beginning after December 15, 2024. The Company adopted this guidance effective for fiscal year 2025. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements. Additional information regarding segments is included in “Note 12. Income Taxes.”

Recent Accounting Pronouncements Adopted in 2024

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires additional disclosures for reportable segments. The guidance requires disclosures about significant segment expenses that are regularly provided to the chief operating decision maker along with additional measures of segment profit that are regularly used by the chief operating decision maker in assessing segment performance and deciding how to allocate resources. The provisions of the new guidance will be effective for years beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024. The Company adopted this guidance effective December 29, 2024. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements. Additional information regarding segments is included in “Note 20. Reportable Segments.”

Recent Accounting Pronouncements Not Yet Adopted as of December 28, 2025

In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40), which requires additional disclosures for certain costs and expenses to help investors better understand major components of an entity’s income statement. The guidance requires additional disclosures for costs and expenses such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The provisions of the new guidance will be effective for annual reporting years beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The Company plans to adopt this guidance as it becomes effective and is assessing the impacts on our Consolidated Financial Statements.

STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 28, 2025

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss (“AOCL”)

The following tables provide information regarding the changes in AOCL during 2025 and 2024:


	2025
	Losses Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Losses on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(337,243)	$	(2,007)	$	(31,028)	$	(22)	$	(370,300)
Other comprehensive income (loss) before reclassifications	324,025		(2,318)		(185)		(113)		321,409
Amounts reclassified from accumulated other comprehensive loss to net income	—		2,814		(1,275)		118		1,657
Currency translation	—		36		176		—		212
Net current year other comprehensive income (loss)	324,025		532		(1,284)		5		323,278
Balance, end of year	$	(13,218)	$	(1,475)	$	(32,312)	$	(17)	$	(47,022)


	2024
	Losses Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Losses on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(114,850)	$	(1,914)	$	(59,714)	$	(5)	$	(176,483)
Other comprehensive income (loss) before reclassifications	(222,393)		1,767		12,062		45		(208,519)
Amounts reclassified from accumulated other comprehensive loss to net income	—		(1,849)		17,000		(62)		15,089
Currency translation	—		(11)		(376)		—		(387)
Net current year other comprehensive income (loss)	(222,393)		(93)		28,686		(17)		(193,817)
Balance, end of year	$	(337,243)	$	(2,007)	$	(31,028)	$	(22)	$	(370,300)


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss(a)				Affected Line Item in the Consolidated Statements of Income
	2025		2024
	(In thousands)
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedges	$	(2,836)	$	1,367	Net sales
Realized gain on settlement of foreign currency derivatives classified as cash flow hedge	22		482		Cost of sales

Realized gain (loss) on sale of securities	(156)		82		Interest income
Realized gain (loss) on settlement of pension obligation from plan termination(b)	1,611		(21,714)		Miscellaneous, net
Amortization of pension and other postretirement plan actuarial losses(b)	79		(816)		Miscellaneous, net
Total before tax	(1,280)		(20,599)
Tax benefit (expense)	(377)		5,510
Total reclassification for the period	$	(1,657)	$	(15,089)

(a)Positive amounts represent income to the results of operations while amounts in parentheses represent expenses to the results of operations.

(b)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 15. Pension and Other Postretirement Benefits.”

Preferred Stock

The Company has authorized 50,000,000 shares of $0.01 par value preferred stock, although no shares have been issued and no shares are outstanding.

Restrictions on Dividends

The U.S. Credit Facility and the indentures governing the Company’s senior notes have currently no restrictions on dividends. Under certain triggering events, the U.S. Credit Facility may limit the Company’s ability to declare and pay dividends. Additionally, the Europe Credit Facility, under certain triggering events, may restrict MPH(E) and other Pilgrim’s entities located in the U.K. and Republic of Ireland to, among other things, make payments and distributions to the Company.

Special Cash Dividends

On March 13, 2025, the Company declared a special dividend of $6.30 per share, to stockholders of record as of April 3, 2025. On April 17, 2025, the Company paid that special dividend from retained earnings of approximately $1.5 billion. The Company used cash on hand to fund the special cash dividend.

On July 30, 2025, the Company declared a special dividend of $2.10 per share, to stockholders of record as of August 20, 2025. On September 3, 2025, the Company paid that special dividend from retained earnings of approximately $500.0 million. The Company used cash on hand to fund the special cash dividend.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

INCOME TAXES - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Current
Federal	$ 244,524	$ 172,269	$ (19,727)
Foreign	121,437	113,194	59,326
State and other	42,794	34,752	(3,369)
Total current	408,755	320,215	36,230
Deferred
Federal	19,293	21,334	12,783
Foreign	(16,577)	(25,697)	(10,573)
State and other	7,323	9,194	4,465
Total deferred	10,039	4,831	6,675
Current and Deferred
Federal	263,817	193,603	(6,944)
Foreign	104,860	87,497	48,753
State and other	50,117	43,946	1,096
Total Current and Deferred	$ 418,794	$ 325,046	$ 42,905

RESTRUCTURING-RELATED ACTIVITIES - Schedule of Restructuring Reserve (Details) $ in Thousands	12 Months Ended
	Dec. 28, 2025 USD ($)
Contract termination
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	$ 1,223
Restructuring charges incurred	(3)
Cash payments and disposals	(1,073)
Currency translation	80
Liability or reserve as of December 28, 2025	227
Pilgrim’s Food Masters 2024
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	6,773
Restructuring charges incurred	(1,672)
Cash payments and disposals	(4,706)
Currency translation	332
Liability or reserve as of December 28, 2025	727
Pilgrim’s Food Masters 2024 \| Employee retention benefits
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	76
Restructuring charges incurred	139
Cash payments and disposals	(218)
Currency translation	3
Liability or reserve as of December 28, 2025	0
Pilgrim’s Food Masters 2024 \| Severance
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	1,620
Restructuring charges incurred	(354)
Cash payments and disposals	(1,332)
Currency translation	66
Liability or reserve as of December 28, 2025	0
Pilgrim’s Food Masters 2024 \| Asset impairment
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	0
Restructuring charges incurred	58
Cash payments and disposals	(58)
Currency translation	0
Liability or reserve as of December 28, 2025	0
Pilgrim’s Food Masters 2024 \| Inventory adjustments
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	0
Restructuring charges incurred	(34)
Cash payments and disposals	34
Currency translation	0
Liability or reserve as of December 28, 2025	0
Pilgrim’s Food Masters 2024 \| Lease termination
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	290
Restructuring charges incurred	(302)
Cash payments and disposals	(6)
Currency translation	18
Liability or reserve as of December 28, 2025	0
Pilgrim’s Food Masters 2024 \| Other charges
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	4,787
Restructuring charges incurred	(1,179)
Cash payments and disposals	(3,126)
Currency translation	245
Liability or reserve as of December 28, 2025	727
Pilgrim’s Europe Central
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	4,204
Restructuring charges incurred	29,839
Cash payments and disposals	(27,011)
Currency translation	1,120
Liability or reserve as of December 28, 2025	8,152
Pilgrim’s Europe Central \| Employee retention benefits
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	0
Restructuring charges incurred	(173)
Cash payments and disposals	173
Currency translation	0
Liability or reserve as of December 28, 2025	0
Pilgrim’s Europe Central \| Severance
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	2,823
Restructuring charges incurred	25,566
Cash payments and disposals	(23,685)
Currency translation	886
Liability or reserve as of December 28, 2025	5,590
Pilgrim’s Europe Central \| Asset impairment
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	0
Restructuring charges incurred	31
Cash payments and disposals	(31)
Currency translation	0
Liability or reserve as of December 28, 2025	0
Pilgrim’s Europe Central \| Inventory adjustments
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	91
Restructuring charges incurred	0
Cash payments and disposals	(96)
Currency translation	5
Liability or reserve as of December 28, 2025	0
Pilgrim’s Europe Central \| Lease termination
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	0
Restructuring charges incurred	2,172
Cash payments and disposals	(2,293)
Currency translation	121
Liability or reserve as of December 28, 2025	0
Pilgrim’s Europe Central \| Other charges
Restructuring Reserve [Roll Forward]
Liability or reserve as of December 29, 2024	67
Restructuring charges incurred	2,246
Cash payments and disposals	(6)
Currency translation	28
Liability or reserve as of December 28, 2025	$ 2,335

REPORTABLE SEGMENTS - Schedule of Segment Reporting, Goodwill and Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	$ 456,157	$ 433,622	$ 419,900
Capital expenditures	718,526	458,456	557,753
Total assets	10,343,530	10,650,576
Long-lived assets	3,790,811	3,393,604
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	508,458	336,973	417,919
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	120,042	91,177	109,590
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	90,026	30,306	30,244
Operating Segments \| U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	288,495	270,618	255,052
Total assets	7,023,156	7,848,510
Long-lived assets	2,376,549	2,156,858
Operating Segments \| Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	145,375	140,993	142,190
Total assets	4,376,305	4,051,150
Long-lived assets	1,040,986	979,116
Operating Segments \| Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Depreciation and amortization	22,287	22,011	$ 22,658
Total assets	1,132,834	1,172,728
Long-lived assets	377,164	261,518
Eliminations
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	(2,188,765)	(2,421,812)
Long-lived assets	$ (3,888)	$ (3,888)

FAIR VALUE MEASUREMENTS - Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation (Details) - Senior notes - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024	Sep. 02, 2021	Apr. 08, 2021
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate (as a percent)	3.50%	3.50%	3.50%
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs \| Level 2 \| Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (899,600)	$ (900,000)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs \| Level 2 \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (831,572)	$ (777,033)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate (as a percent)	4.25%	4.25%		4.25%
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs \| Level 2 \| Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (791,946)	$ (850,342)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs \| Level 2 \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (775,458)	$ (789,304)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate (as a percent)	6.25%	6.25%
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs \| Level 2 \| Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (917,852)	$ (974,381)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs \| Level 2 \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (988,878)	$ (1,001,178)
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate (as a percent)	6.875%	6.875%
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs \| Level 2 \| Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (492,251)	$ (491,329)
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs \| Level 2 \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (555,740)	$ (533,650)
Live Oak CHP Project Pace Loan 5.15%, at Level 3 inputs
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate (as a percent)	5.15%	5.15%
Live Oak CHP Project Pace Loan 5.15%, at Level 3 inputs \| Level 3 \| Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (19,163)	$ (20,599)
Live Oak CHP Project Pace Loan 5.15%, at Level 3 inputs \| Level 3 \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed-rate debt obligation	$ (18,376)	$ (18,569)

REPORTABLE SEGMENTS (Tables)

12 Months Ended

Dec. 28, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Additional information regarding reportable segments is as follows:


	Year Ended
	December 28, 2025(a)		December 29, 2024(a)		December 31, 2023(b)
	(In thousands)
Net sales
U.S.	$	10,998,732	$	10,629,929	$	10,027,742
Europe	5,378,865		5,136,747		5,203,322
Mexico	2,119,956		2,111,615		2,131,153
Total net sales	$	18,497,553	$	17,878,291	$	17,362,217

(a)For the year 2025, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $99.8 million. These sales consisted of fresh products, prepared products and grain and are eliminated in our consolidation.

(b)For the year 2024, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $121.6 million. These sales consisted of fresh products, prepared products, eggs and grain and are eliminated in our consolidation.

(c)For the year 2023, the U.S. reportable segment had intercompany sales to the Mexico reportable segment of $370.1 million. These sales consisted of fresh products, prepared products and grain and are eliminated in our consolidation.


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Cost of sales
U.S.	$	9,364,633	$	9,065,837	$	9,505,258
Europe	4,886,105		4,675,080		4,828,623
Mexico	1,888,672		1,824,607		1,909,721
Eliminations	—		—		214
Total cost of sales	$	16,139,410	$	15,565,524	$	16,243,816


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Gross profit
U.S.	$	1,634,099	$	1,564,092	$	522,484
Europe	492,760		461,667		374,699
Mexico	231,284		287,008		221,432
Eliminations	—		—		(214)
Total gross profit	$	2,358,143	$	2,312,767	$	1,118,401


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Selling, general administrative expenses
U.S.	$	460,695	$	451,091	$	283,590
Europe	189,009		198,586		202,203
Mexico	63,546		63,633		65,977
Total SG&A expenses	$	713,250	$	713,310	$	551,770


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Restructuring activities charges
Europe	$	31,354	$	93,388	$	44,345


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Operating income
U.S.	$	1,173,404	$	1,113,001	$	238,894
Europe	272,397		169,693		128,151
Mexico	167,738		223,375		155,455
Eliminations	—		—		(214)
Total operating income	$	1,613,539	$	1,506,069	$	522,286


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Reconciliation of profit or loss (segment operating income)
Total segment operating income	$	1,613,539	$	1,506,069	$	522,286
Interest expense, net of capitalized interest	161,388		161,175		202,272
Interest income	(51,118)		(72,666)		(35,651)
Foreign currency transaction losses (gains)	6,777		(10,025)		20,570
Miscellaneous, net	(5,646)		15,316		(30,127)
Income before income taxes	1,502,138		1,412,269		365,222
Income tax expense	418,794		325,046		42,905
Net income	$	1,083,344	1,087,223		$	322,317


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Interest expense
U.S.	$	158,318	$	166,002	$	208,000
Europe	2,395		2,237		1,728
Mexico	675		1,191		558
Eliminations	—		(8,255)		(8,014)
Total interest expense	$	161,388	$	161,175	$	202,272


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Interest income
U.S.	$	29,470	$	32,218	$	13,987
Europe	5,015		16,233		4,656
Mexico	16,633		32,470		25,022
Eliminations	—		(8,255)		(8,014)
Total interest income	$	51,118	$	72,666	$	35,651


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Income tax expense
U.S.	$	313,935	$	237,550	$	(5,848)
Europe	53,100		10,750		23,378
Mexico	51,759		76,746		25,375
Total income tax expense	$	418,794	$	325,046	$	42,905


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Depreciation and amortization
U.S.	$	288,495	$	270,618	$	255,052
Europe	145,375		140,993		142,190
Mexico	22,287		22,011		22,658
Total	$	456,157	$	433,622	$	419,900


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Capital expenditures(a)
U.S.	$	508,458	$	336,973	$	417,919
Europe	120,042		91,177		109,590
Mexico	90,026		30,306		30,244
Total	$	718,526	$	458,456	$	557,753

(a)Capital expenditures incurred include those that were paid out in cash and those that are still outstanding in accounts payable as of the end of each of the last three fiscal years.


	December 28, 2025		December 29, 2024
	(In thousands)
Total assets
U.S.	$	7,023,156	$	7,848,510
Europe	4,376,305		4,051,150
Mexico	1,132,834		1,172,728
Eliminations	(2,188,765)		(2,421,812)
Total	$	10,343,530	$	10,650,576


	December 28, 2025		December 29, 2024
	(In thousands)
Long-lived assets(a)
U.S.	$	2,376,549	$	2,156,858
Europe	1,040,986		979,116
Mexico	377,164		261,518
Eliminations	(3,888)		(3,888)
Total	$	3,790,811	$	3,393,604

(a)For this disclosure, we exclude financial instruments, deferred tax assets and intangible assets in accordance with ASC 280-10-50-41, Segment Reporting. Long-lived assets, as used in ASC 280-10-50-41, implies hard assets that cannot be readily removed.


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Net sales to customers by customer location
U.S.	$	10,550,171	$	10,165,049	$	9,496,709
Europe	5,299,020		5,087,606		5,148,931
Mexico	2,154,325		2,160,490		2,180,418
Asia-Pacific	329,801		303,570		384,946
Canada, Caribbean and Central America	78,478		89,068		72,339
Africa	54,936		52,329		66,519
South America	30,822		20,179		12,355
Total	$	18,497,553	$	17,878,291	$	17,362,217

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 28, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Derivative Instruments and Cash Collateral

Information regarding the Company’s outstanding derivative instruments and cash collateral posted with brokers is included in the following table:


	December 28, 2025			December 29, 2024
	(In thousands)
Fair values
Commodity derivative assets	$	9,509		$	6,598
Commodity derivative liabilities	(1,343)			(2,494)
Foreign currency derivative assets	95			755
Foreign currency derivative liabilities	(205)			(1,397)
Sales contract derivative liabilities	(2,638)			(778)
Cash collateral posted with brokers(a)	—			2,324
Margin cash payable(b)	(3,886)			—
Derivatives coverage(c)
Corn	11.6		%	11.5		%
Soybean meal	13.8		%	9.3		%
Period through which stated percent of needs are covered:
Corn	December 2026			December 2025
Soybean meal	December 2026			March 2026

(a)Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents.

(b)Collateral that is owed to brokers is reflected in margin cash payable

(c)Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.

Schedule of Derivative Gain (Loss)

The following table presents the gains and losses of each derivative instrument held by the Company not designated or qualifying as hedging instruments:


	Year Ended
Type of Contract (a)	December 28, 2025		December 29, 2024		December 31, 2023		Affected Line Item in the Consolidated Statements of Income
Foreign currency derivatives	$	—	$	—	$	(34,229)	Foreign currency transaction losses (gains)
Commodity derivatives	(2,515)		(11,008)		(5,318)		Cost of sales
Sales contract derivatives	(1,860)		(1,738)		4,665		Net sales
Total	$	(4,375)	$	(12,746)	$	(34,882)

(a)Amounts represent income (expenses) related to results of operations.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges:


	Gains (Losses) Recognized in Other Comprehensive Income (Loss)
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Foreign currency derivatives	$	(2,318)	$	1,767	$	(2,579)

Schedule of Derivatives Line Item in Condensed Consolidated Statements of Income


	Gains (Losses) Reclassified from AOCI into Income
	December 28, 2025				December 31, 2024
	Net sales(a)		Cost of sales(b)		Net sales(a)		Cost of sales(b)
	(In thousands)
Total amounts of income and expense line items presented in the Consolidated Statements of Income in which the effects of cash flow hedges are recorded	$	18,497,553	$	16,139,410	$	17,878,291	$	15,565,524
Impact from cash flow hedging instruments:

Foreign currency derivatives	(2,836)		(22)		1,367		(482)

(a)Amounts represent income (expenses) related to net sales.

(b)Amounts represent expenses (income) related to cost of sales and interest expense.

LEASES - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$ 86,231	$ 84,806
Operating cash flows - finance leases	43	40
Financing cash flows - finance leases	540	616
Operating lease assets obtained in exchange for operating lease liabilities	$ 77,973	$ 66,060

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Income Statement [Abstract]
Net sales	$ 18,497,553	$ 17,878,291	$ 17,362,217
Cost of sales	16,139,410	15,565,524	16,243,816
Gross profit	2,358,143	2,312,767	1,118,401
Selling, general and administrative expense	713,250	713,310	551,770
Restructuring activities	31,354	93,388	44,345
Operating income	1,613,539	1,506,069	522,286
Interest expense, net of capitalized interest	161,388	161,175	202,272
Interest income	(51,118)	(72,666)	(35,651)
Foreign currency transaction losses (gains)	6,777	(10,025)	20,570
Miscellaneous, net	(5,646)	15,316	(30,127)
Income before income taxes	1,502,138	1,412,269	365,222
Income tax expense	418,794	325,046	42,905
Net income	1,083,344	1,087,223	322,317
Less: Net income attributable to noncontrolling interest	985	785	743
Net income attributable to Pilgrim’s Pride Corporation	$ 1,082,359	$ 1,086,438	$ 321,574
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:
Basic (in shares)	237,427	237,008	236,725
Effect of dilutive common stock equivalents (in shares)	1,022	792	572
Diluted (in shares)	238,449	237,800	237,297
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:
Basic (in dollars per share)	$ 4.56	$ 4.58	$ 1.36
Diluted (in dollars per share)	$ 4.54	$ 4.57	$ 1.36

DEBT - Narrative (Details)								12 Months Ended
DEBT - Narrative (Details)	Dec. 18, 2025 MXN ($)	Oct. 30, 2025 USD ($)	Oct. 12, 2023 USD ($)	Apr. 19, 2023 USD ($)	Oct. 10, 2022	Jun. 24, 2022 GBP (£)	Apr. 08, 2021 USD ($)	Dec. 28, 2025 USD ($)	Feb. 11, 2026 USD ($)	Oct. 30, 2025 MXN ($)	May 01, 2025 USD ($)	Dec. 29, 2024 USD ($)	May 01, 2024 USD ($)	Oct. 04, 2023 USD ($)	Sep. 02, 2021 USD ($)
Debt Instrument [Line Items]
Aggregate amount											$ 500,000,000.0
Live Oak CHP Project PACE Loan 5.15%
Debt Instrument [Line Items]
Future minimum principal payments								$ 100,000
Long-term debt								$ 19,163,000				$ 20,599,000
Live Oak CHP Project PACE Loan 5.15% \| Line of Credit
Debt Instrument [Line Items]
Stated interest rate (as a percent)					5.15%			5.15%
Debt term (in years)					30 years
Live Oak CHP Project PACE Loan 5.15% \| Senior notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)								5.15%				5.15%
Senior notes
Debt Instrument [Line Items]
Aggregate amount													$ 200,000,000.0
Bond Repurchase Program Senior Notes due 2031 \| Senior notes
Debt Instrument [Line Items]
Repurchase amount								$ 59,600,000
Bond Repurchase Program Senior Notes due 2031 \| Senior notes \| Subsequent Event
Debt Instrument [Line Items]
Repurchase amount									$ 203,900,000
Bond Repurchase Program Senior Notes due 2032 \| Senior notes
Debt Instrument [Line Items]
Repurchase amount								400,000
Bond Repurchase Program Senior Notes due 2032 \| Senior notes \| Subsequent Event
Debt Instrument [Line Items]
Repurchase amount									400,000
Bond Repurchase Program Senior Notes due 2033 \| Senior notes
Debt Instrument [Line Items]
Repurchase amount								57,500,000
Bond Repurchase Program Senior Notes due 2033 \| Senior notes \| Subsequent Event
Debt Instrument [Line Items]
Repurchase amount									$ 77,500,000
Bond Repurchase Program \| Senior notes
Debt Instrument [Line Items]
Gross realized gains								$ 1,000,000
Senior notes payable, net of discount, at 4.25% \| Senior notes
Debt Instrument [Line Items]
Principal amount							$ 1,000,000,000.0
Stated interest rate (as a percent)							4.25%	4.25%				4.25%
Add-on issuance percentage of face value (as a percent)							98.994%
Gross amount							$ 989,900,000
Debt discount							$ 10,100,000
Stated interest rate if emissions target is met (as a percent)							4.50%
Notification period if emissions threshold is met (in days)							30 days
Emissions threshold (as a percent)							17.679%
Long-term debt								$ 791,946,000				$ 850,342,000
Senior notes payable at 3.50% \| Senior notes
Debt Instrument [Line Items]
Principal amount															$ 900,000,000.0
Stated interest rate (as a percent)								3.50%				3.50%			3.50%
Long-term debt								$ 899,600,000				$ 900,000,000
Senior notes payable, net of discount, at 6.25% \| Senior notes
Debt Instrument [Line Items]
Principal amount				$ 1,000,000,000.0
Stated interest rate (as a percent)				6.25%				6.25%
Add-on issuance percentage of face value (as a percent)				99.312%
Gross amount				$ 993,100,000
Debt discount				$ 6,900,000
Long-term debt								$ 917,852,000				974,381,000
Senior notes payable, net of discount, at 6.875% \| Senior notes
Debt Instrument [Line Items]
Principal amount			$ 500,000,000.0
Stated interest rate (as a percent)			6.875%
Add-on issuance percentage of face value (as a percent)			98.041%
Gross amount			$ 490,200,000
Debt discount			$ 9,800,000
Long-term debt								492,251,000				491,329,000
Senior Notes 5.875% Due 2027 \| Senior notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.875%
2021 US Credit Facility \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity														$ 850,000,000
Current borrowing capacity								846,000,000
Outstanding borrowings								0
2021 US Credit Facility \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Current borrowing capacity								4,000,000.0
Outstanding borrowings								0
Moy Park Bank Of Ireland Revolving Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity \| £						£ 150,000,000.0
Bank Of Ireland Revolving Facility, Due 2023 \| Line of Credit
Debt Instrument [Line Items]
Current borrowing capacity								202,500,000
Bank Of Ireland Revolving Facility, Due 2023 \| Line of Credit \| SONIA Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)						1.25%
U.K. and Europe Revolving Facility \| Line of Credit
Debt Instrument [Line Items]
Outstanding borrowings								$ 0
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35% \| Line of Credit \| TIIE Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)								1.35%
Long-term debt								$ 0				0
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35% \| Line of Credit \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,300,000,000
Long-term debt								0
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35% \| Line of Credit \| Line of Credit \| TIIE Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)	1.35%
Mexico Credit Facility \| Line of Credit \| Line of Credit
Debt Instrument [Line Items]
Long-term debt								71,200,000
Mexico Bajio Credit Facility \| Line of Credit \| TIIE Rate
Debt Instrument [Line Items]
Long-term debt								0				$ 0
Mexico Bajio Credit Facility \| Line of Credit \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity										$ 1,500,000,000
Long-term debt		$ 83,800,000						$ 0
Mexico Bajio Credit Facility \| Line of Credit \| Line of Credit \| TIIE Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)		1.41%

REPORTABLE SEGMENTS - Narrative (Details)	12 Months Ended
REPORTABLE SEGMENTS - Narrative (Details)	Dec. 28, 2025 segment
Segment Reporting [Abstract]
Number of reportable business segments	3

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Fair Value Assumptions of Plan Assets (Details) - Pension Benefits - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	$ 131,037	$ 123,926	$ 225,451
Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	9,448	26,479
Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	121,589	97,447
Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
All Pension Plans \| Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	9,448	26,479
All Pension Plans \| Cash and cash equivalents \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	9,448	26,479
All Pension Plans \| Cash and cash equivalents \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
All Pension Plans \| Cash and cash equivalents \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Union Plan \| Fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	70
PSAs for the Union Plan \| Fixed income securities \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Union Plan \| Fixed income securities \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	70
PSAs for the Union Plan \| Fixed income securities \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs and CCTs for the GK Pension Plan \| Fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	3,152
PSAs and CCTs for the GK Pension Plan \| Fixed income securities \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs and CCTs for the GK Pension Plan \| Fixed income securities \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	3,152
PSAs and CCTs for the GK Pension Plan \| Fixed income securities \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	40,562	29,715
PSAs for the Europe Plans \| Fixed income securities \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Fixed income securities \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	40,562	29,715
PSAs for the Europe Plans \| Fixed income securities \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Large U.S. equity funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	13,279	11,761
PSAs for the Europe Plans \| Large U.S. equity funds \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Large U.S. equity funds \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	13,279	11,761
PSAs for the Europe Plans \| Large U.S. equity funds \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| International equity funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	17,157	25,575
PSAs for the Europe Plans \| International equity funds \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| International equity funds \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	17,157	25,575
PSAs for the Europe Plans \| International equity funds \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	11,464	15,442
PSAs for the Europe Plans \| Real estate \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Real estate \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	11,464	15,442
PSAs for the Europe Plans \| Real estate \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Liability driven investments
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	39,127	11,732
PSAs for the Europe Plans \| Liability driven investments \| Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	0	0
PSAs for the Europe Plans \| Liability driven investments \| Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	39,127	11,732
PSAs for the Europe Plans \| Liability driven investments \| Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Total assets	$ 0	$ 0

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 28, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

PENSION AND OTHER POSTRETIREMENT BENEFITS - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 28, 2025 USD ($) plan	Dec. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2026 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Retirement plan expenses	$ 33,000	$ 56,900	$ 32,000
Weighted average duration of defined benefit obligation (in years)	16 years 10 months 24 days
Expenses related to defined contribution plans	$ 33,300	32,500	28,500
U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined contribution plans, number of plans \| plan	2
Mexico
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined contribution plans, number of plans \| plan	3
Europe
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Defined contribution plans, number of plans \| plan	2
GK and Union pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Settlement loss (gain)	$ (21,700)
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Settlement loss (gain)	(1,611)	21,714	0
Curtailments and settlements	(1,611)	99,635
Accumulated benefit obligation, defined benefit pension plans	$ 119,100	113,700
Expected benefit payments discount rate beyond period (in years)	30 years
Pension Benefits \| Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Expected contributions				$ 200
Pension Benefits \| U.K. Plans \| Overseas Equity
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	12.00%
Pension Benefits \| U.K. Plans \| International equity funds
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	16.00%
Pension Benefits \| U.K. Plans \| Real Estate
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	10.00%
Pension Benefits \| U.K. Plans \| Fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	48.00%
Pension Benefits \| U.K. Plans \| Other Debt Obligations
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	9.00%
Pension Benefits \| Tulip Plan \| Fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	78.00%
Pension Benefits \| Tulip Plan \| Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	500.00%
Pension Benefits \| Tulip Plan \| Corporate Bond Securities
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	17.00%
Pension Benefits \| Geo Adams Group Pension Fund \| Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Target plan asset allocations (as a percent)	5.00%
Pension Benefits \| Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Number of plans \| plan	4
Pension Benefits \| Nonqualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Number of plans \| plan	2
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Settlement loss (gain)	$ 0	0	$ 0
Number of plans \| plan	1
Curtailments and settlements	$ 0	$ 0
Change in discount rate on projected benefit obligations (as a percent)	0.25%
Other Benefits \| Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Expected contributions				$ 200

TRADE ACCOUNTS AND OTHER RECEIVABLES (Tables)

12 Months Ended

Dec. 28, 2025

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Schedule of Trade Accounts and Other Receivables

Trade accounts and other receivables (including accounts receivable from related parties), less allowance for credit losses, consisted of the following:


	December 28, 2025		December 29, 2024
	(In thousands)
Trade accounts receivable	$	1,109,218	$	973,820
Notes receivable	10,111		8,970
Other receivables	52,690		30,018
Receivables, gross	1,172,019		1,012,808
Allowance for credit losses	(7,116)		(8,474)
Receivables, net	$	1,164,903	$	1,004,334

Accounts receivable from related parties(a)	$	13,398	$	2,608

(a)Additional information regarding accounts receivable from related parties is included in “Note 19. Related Party Transactions.”

Activity in the allowance for credit losses was as follows:


	December 28, 2025		December 29, 2024
Allowance for Credit Losses:	(In thousands)
Balance, beginning of period	$	(8,474)	$	(9,341)
Provision released (charged) to operating results	(224)		102
Account write-offs and recoveries	2,397		46
Effect of exchange rate	(815)		719
Balance, end of period	$	(7,116)	$	(8,474)

INCOME TAXES - Schedule of Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Valuation allowance
Beginning Balance	$ 86,257	$ 88,460	$ 64,361
Additions	4,470	637	25,296
Deductions	(4,852)	(2,840)	(1,197)
Ending Balance	$ 85,875	$ 86,257	$ 88,460

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Accumulated amortization
Amortization	$ (33,122)	$ (32,396)
Total
Beginning balance	806,234	853,983
Amortization	(33,122)	(32,396)
Currency Translation	58,954	(15,353)
Ending balance	832,066	806,234
Trade Names
Trade names not subject to amortization
Beginning balance	569,357	580,473
Currency Translation	44,179	(11,116)
Ending balance	613,536	569,357
Trade Names
Carrying amount
Beginning balance	112,016	112,681
Currency Translation	2,746	(665)
Ending balance	114,762	112,016
Accumulated amortization
Beginning balance	(61,527)	(57,762)
Amortization	(3,957)	(3,893)
Currency Translation	(568)	128
Ending balance	(66,052)	(61,527)
Total
Amortization	(3,957)	(3,893)
Customer relationships
Carrying amount
Beginning balance	431,861	441,719
Currency Translation	24,554	(9,858)
Ending balance	456,415	431,861
Accumulated amortization
Beginning balance	(245,473)	(223,128)
Amortization	(29,165)	(28,503)
Currency Translation	(11,957)	6,158
Ending balance	(286,595)	(245,473)
Total
Amortization	$ (29,165)	$ (28,503)

RESTRUCTURING-RELATED ACTIVITIES - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Expenses	$ 31,354	$ 93,388	$ 44,345
Cash Outlays	31,747
Pilgrim’s Food Masters 2024
Restructuring Cost and Reserve [Line Items]
Expenses	(1,672)
Cash Outlays	4,676
Pilgrim’s Europe Central
Restructuring Cost and Reserve [Line Items]
Expenses	29,839
Cash Outlays	24,591
Prior programs substantially complete
Restructuring Cost and Reserve [Line Items]
Expenses	3,187
Cash Outlays	$ 2,480

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

DEBT (Tables)

12 Months Ended

Dec. 28, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt and Other Borrowing Arrangements

Long-term debt and other borrowing arrangements, including current notes payable to banks, consisted of the following components:


	Maturity	December 28, 2025		December 29, 2024
		(In thousands)
Senior notes payable, net of discount, at 6.875%	2034	$	492,251	$	491,329
Senior notes payable, net of discount, at 6.25%	2033	917,852		974,381
Senior notes payable at 3.50%	2032	899,600		900,000
Senior notes payable, net of discount, at 4.25%	2031	791,946		850,342
U.S. Credit Facility (defined below) at SOFR plus 1.35%	2028	—		—
Europe Credit Facility (defined below) with notes payable at SONIA plus 1.25%	2027	—		—
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35%	2028	—		—
Mexico Bajio Credit Facility (defined below) with notes payable at TIIE plus 1.41%	2030	—		—
Live Oak CHP Project PACE Loan 5.15%	2053	19,163		20,599
Finance lease obligations	Various	1,389		1,792
Long-term debt		3,122,201		3,238,443
Less: Current maturities of long-term debt		(924)		(858)
Long-term debt, less current maturities		3,121,277		3,237,585
Less: Capitalized financing costs		(28,164)		(31,472)
Long-term debt, less current maturities, net of capitalized financing costs		$	3,093,113	$	3,206,113

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Unrecognized Benefit Amounts in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Pension Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Net actuarial loss, beginning of year	$ 2,063	$ 40,487	$ 48,121
Amortization	79	(816)	(1,065)
Realized loss (gain) on settlement	1,611	(21,714)	0
Actuarial loss (gain)	(2,809)	(20,782)	238
Asset loss (gain)	2,714	5,264	(7,317)
Currency translation loss (gain)	176	(376)	510
Net actuarial loss (gain), end of year	3,834	2,063	40,487
Other Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Net actuarial loss, beginning of year	(126)	(87)	(66)
Amortization	2	0	0
Realized loss (gain) on settlement	0	0	0
Actuarial loss (gain)	4	(39)	(21)
Asset loss (gain)	18	0	0
Currency translation loss (gain)	0	0	0
Net actuarial loss (gain), end of year	$ (102)	$ (126)	$ (87)

TRADE ACCOUNTS AND OTHER RECEIVABLES - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($)
JBS USA Food Company
Financing Receivable, Allowance for Credit Loss [Line Items]
Uncommitted facility with a maximum capacity	$ 415.0

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Other comprehensive income (loss), tax expense (benefit)	$ 416	$ 9,386	$ 2,083

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 12
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-12

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

+ Details

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 28, 2025

Schedule of Related Party Transactions

Pilgrim’s has been and, in some cases, continues to be a party to certain transactions with affiliated companies.


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Sales to related parties
JBS Toledo N.V.	$	41,947	$	—	$	—
JBS USA Food Company(a)	23,307		28,230		27,687
JBS Chile Ltd.	2,797		3,143		1,733
Other related parties	7,483		1,960		6,383
Total sales to related parties	$	75,534	$	33,333	$	35,803


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)	$	145,324	$	159,264	$	185,258
Seara Meats B.V.	89,131		28,170		28,828
Penasul UK LTD	41,804		10,670		13,932
JBS Asia CO Limited	11,027		6,248		4,953
Other related parties	2,560		2,130		7,168
Total cost of goods purchased from related parties	$	289,846	$	206,482	$	240,139


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)	$	249,329	$	121,962	$	156,439
Other related parties	—		—		15
Total expenditures paid by related parties	$	249,329	$	121,962	$	156,454


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)	$	12,931	$	14,593	$	22,734
Other related parties	—		—		5
Total expenditures paid on behalf of related parties	$	12,931	$	14,593	$	22,739


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Other related party transactions
Capital contribution under tax sharing agreement	$	—	$	—	$	(1,425)


	December 28, 2025		December 29, 2024
	(In thousands)
Accounts receivable from related parties
JBS Toledo N.V.	$	10,486	$	—
JBS USA Food Company(a)	1,629		1,727
JBS Chile Ltd.	763		725
Other related parties	520		156
Total accounts receivable from related parties	$	13,398	$	2,608


	December 28, 2025		December 29, 2024
	(In thousands)
Accounts payable to related parties
Seara Meats B.V.	$	26,686	$	4,861
JBS USA Food Company(a)	8,346		5,424
Penasul UK LTD	1,156		714
JBS Asia Co Limited	—		4,023
Other related parties	7,328		235
Total accounts payable to related parties	$	43,516	$	15,257

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 28, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment (“PP&E”), net consisted of the following:


	December 28, 2025		December 29, 2024
	(In thousands)
Land	$	220,462	$	215,305
Buildings	2,445,820		2,307,851
Machinery and equipment	4,417,923		4,137,561
Autos and trucks	137,293		130,013
Finance lease assets	4,990		4,275
Construction-in-progress	667,315		299,933
PP&E, gross	7,893,803		7,094,938
Accumulated depreciation	(4,360,776)		(3,957,047)
PP&E, net	$	3,533,027	$	3,137,891

The Company recognized depreciation expense of $423.0 million, $401.2 million and $386.8 million during 2025, 2024 and 2023, respectively.

During 2025, the Company incurred $718.5 million on capital projects and transferred $359.2 million of completed projects from construction-in-progress to depreciable assets. During 2024, the Company spent $458.5 million on capital projects and transferred $633.0 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures in accounts payable and accrued expenses for the years ended December 28, 2025 and December 29, 2024 were $40.2 million and $29.2 million, respectively.

During 2025, the Company sold certain PP&E for $5.6 million and recognized a loss of $3.9 million. PP&E sold in 2025 consisted of a feed mill in the U.S., breeder farm equipment in Mexico, and other miscellaneous equipment. During 2024, the Company sold certain PP&E for $15.4 million and recognized a gain of $1.8 million. PP&E sold in 2024 consisted of a farm in Mexico and other miscellaneous equipment.

The Company has closed or idled various facilities in the U.S. and the U.K. The Board of Directors has not determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. As of December 28, 2025, the carrying amount of these idled assets was $19.6 million based on depreciable value of $113.9 million and accumulated depreciation of $94.3 million. During 2025, the Company recognized an impairment loss on PP&E of $0.5 million incurred as a result of planned restructuring activities in the Europe reportable segment. Additional information regarding restructuring activities is included in “Note 18. Restructuring-Related Activities.”

As of December 28, 2025, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its property, plant and equipment held for use might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its property, plant and equipment held for use at that date.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 28, 2025	Dec. 29, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	800,000,000	800,000,000
Common stock, shares issued (in shares)	262,688,600	262,263,358
Common stock, shares outstanding (in shares)	237,547,447	237,122,205
Treasury stock, shares outstanding (in shares)	25,141,153	25,141,153

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 28, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Financial Statements	Consolidated Financial Statements The Company operates on the basis of a 52/53-week fiscal year ending on the Sunday falling on or before December 31. Any reference we make to a particular year in the notes to these Consolidated Financial Statements applies to our fiscal year and not the calendar year. Fiscal years 2025 and 2024 were both 52-week fiscal years. The Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”) using management’s best estimates and judgments. These estimates and judgments affect the reported amounts of assets and liabilities and disclosure of the contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ materially from these estimates and judgments. Significant estimates made by the Company include the allowance for credit losses, reserves related to inventory obsolescence or valuation, useful lives of long-lived assets, goodwill, identifiable intangible assets, valuation of deferred tax assets, insurance accruals, valuation of pension and other postretirement benefits obligations, income tax accruals, certain derivative positions and valuations of acquired businesses. The functional currency of the Company’s U.S. operations and certain holding-company subsidiaries in Luxembourg, the U.K., Malta and the Republic of Ireland is the U.S. dollar. The functional currency of its U.K. operations is the British pound. The functional currency of the Company’s operations in France, the Netherlands and the Republic of Ireland is the euro. In 2024, the Company determined that there was a significant change in economic factors that necessitated a reassessment of the appropriate functional currency of the Mexico reportable segment. The primary economic factors driving the change included 1) the recent sustained, historical strengthening of the Mexican peso against the U.S. dollar and against other global currencies without a correlated impact on the average product sales prices of our Mexico operations and 2) a shift in the proportional volume of spend we have that is denominated in Mexican peso in relation to spend that is denominated in U.S. dollar. As a result of this reassessment, on April 1, 2024, the Company changed the functional currency of its Mexico operations from U.S. dollar to the Mexican peso. The functional currency of the Company’s operations in Mexico during fiscal year 2025 is the Mexican peso. For foreign currency-denominated entities, translation from local currencies into U.S. dollars is performed for assets and liabilities using the exchange rates in effect as of the balance sheet date. Income and expense accounts are remeasured using average exchange rates for the period. Adjustments resulting from translation of these financial records are reflected as a separate component of Accumulated other comprehensive loss in the Consolidated Balance Sheets. For the Company’s Mexico operations prior to April 1, 2024, remeasurement from the Mexican peso to U.S. dollars was performed for monetary assets and liabilities using the exchange rate in effect as of the balance sheet date. Remeasurement was performed for non-monetary assets using the historical exchange rate in effect on the date of each asset’s acquisition. Income and expense accounts were remeasured using average exchange rates for the period. Net adjustments that resulted from remeasurement of the financial records, as well as foreign currency transaction gains and losses, are reflected in Foreign currency transaction losses (gains) in the Consolidated Statements of Income.
Foreign Currency Transactions and Translations	The Company or its subsidiaries may use derivatives for the purpose of mitigating exposure to changes in foreign currency exchange rates. Foreign currency transaction gains or losses are reported in the Consolidated Statements of Income.
Revenue Recognition and Shipping and Handling Costs	Revenue Recognition The vast majority of the Company’s revenue is derived from contracts which are based upon a customer ordering its products. While there may be master agreements, the contract is only established when the customer’s order is accepted by the Company. The Company accounts for a contract, which may be verbal or written, when it is approved and committed by both parties, the rights of the parties are identified along with payment terms, the contract has commercial substance and collectability is probable. The Company evaluates the transaction for distinct performance obligations, which are the sale of its products to customers. Since its products are commodity market-priced, the sales price is representative of the observable, standalone selling price. Each performance obligation is recognized based upon a pattern of recognition that reflects the transfer of control to the customer at a point in time, which is upon destination (customer location or port of destination), and depicts the transfer of control and recognition of revenue. There are instances of customer pick up at the Company’s facilities, in which case control transfers to the customer at that point and the Company recognizes revenue. The Company’s performance obligations are typically fulfilled within days to weeks of the acceptance of the order. The Company makes judgments regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from revenue and cash flows with customers. Determination of a contract requires evaluation and judgment along with the estimation of the total contract value and if any of the contract value is constrained. Due to the nature of the business, there is minimal variable consideration, as the contract is established at the acceptance of the order from the customer. When applicable, variable consideration is estimated at contract inception and updated on a regular basis until the contract is completed. Allocating the transaction price to a specific performance obligation based upon the relative standalone selling prices includes estimating the standalone selling prices including discounts and variable consideration. Shipping and Handling Costs In the rare case when shipping and handling activities are performed after a customer obtains control of the good, the Company has elected to account for shipping and handling as activities to fulfill the promise to transfer the good. When revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. Shipping and handling costs are recorded within cost of sales. Contract Costs The Company can incur incremental costs to obtain or fulfill a contract such as broker expenses that are not expected to be recovered. The amortization period for such expenses is less than one year; therefore, the costs are expensed as incurred. Taxes The Company excludes all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer (for example, sales, use, value added and some excise taxes) from the transaction price. Contract Balances The Company receives payment from customers based on terms established with the customer. Payments are typically due within 14 to 30 days of delivery. Revenue contract liabilities relate to payments received in advance of satisfying the performance under the customer contract. The revenue contract liabilities relate to customer prepayments and the advanced consideration, such as cash, received from governmental agency contracts for which performance obligations to the end customer have not been satisfied.
Advertising Costs	Advertising Costs The Company expenses advertising costs as incurred.
Research and Development Costs	Research and Development Costs Research and development costs are expensed as incurred.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers highly liquid investments with an original maturity of three months or less when acquired to be cash equivalents. The majority of the Company’s disbursement bank accounts are zero balance accounts where cash needs are funded as checks are presented for payment by the holder. Checks issued pending clearance that result in overdraft balances for accounting purposes are classified as accounts payable and the change in the related balance is reflected in operating activities on the Consolidated Statements of Cash Flows.
Restricted Cash	Restricted Cash The Company is required to maintain cash balances with a broker as collateral for exchange traded futures contracts. These balances are classified as restricted cash as they are not available for use by the Company to fund daily operations. The balance of restricted cash may also include investments in U.S. Treasury Bills that qualify as cash equivalents, as required by the broker, to offset the obligation to return cash collateral.
Investments	Investments The Company’s current investments are all highly liquid investments classified as either cash equivalents or short-term investments with an original maturity of less than one year at the time of acquisition. The Company’s current investments are comprised of fixed income securities, such as commercial paper. These investments are classified as available for sale. These securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a component of accumulated other comprehensive loss. Investments in fixed income securities with remaining maturities of less than one year and those identified by management at the time of purchase for funding operations in less than one year are classified as current assets. Investments in fixed income securities with remaining maturities in excess of one year that management has not identified at the time of purchase for funding operations in less than one year are classified as long-term assets. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other-than-temporary. Management reviews several factors to determine whether a loss is other-than-temporary, such as the length of time a security is in an unrealized loss position, the extent to which fair value is less than amortized cost, the impact of changing interest rates in the short and long term, and the Company’s intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. The Company determines the cost of each security sold and each amount reclassified out of accumulated other comprehensive loss into earnings using the specific identification method. Purchases and sales are recorded on a settlement-date basis. Investments in entities in which the Company has an ownership interest greater than 50% and exercises control over the entity are consolidated in the Consolidated Financial Statements. Investments in entities in which the Company has an ownership interest between 20% and 50% and exercises significant influence are accounted for using the equity method. The Company invests from time to time in ventures in which its ownership interest is less than 20% and over which it does not exercise significant influence. Such investments are carried at cost, less any impairment, and adjusted for observable price changes in orderly transactions for an identical or similar investment of the same issuer. The fair values for investments not traded on a quoted exchange are estimated based upon the historical performance of the ventures, the ventures’ forecasted financial performance and management’s evaluation of the ventures’ viability and business models. To the extent the book value of an investment exceeds its assessed fair value, the Company will record an appropriate impairment charge.
Accounts Receivable	Accounts Receivable The Company records accounts receivable when revenue is recognized. The Company records an allowance for expected credit losses, reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for credit losses are based on historical collection experience, current trends, aging of accounts receivable, and periodic credit evaluations of our customers’ financial condition. The Company writes off accounts receivable when it becomes apparent, based on age or customer circumstances, that such amounts will not be collected. Generally, the Company does not require collateral for its accounts receivable.
Inventories	Inventories Live chicken and pig inventories are stated at the lower of cost or net realizable value and breeder hen, breeder sow, and boar inventories are stated at the lower of cost, less accumulated amortization, or net realizable value. The costs associated with breeder hen inventories are accumulated up to the production stage and amortized over their productive lives using the unit-of-production method. The costs associated with breeder sow inventories are accumulated up to the production stage and amortized on a straight-line basis over their productive lives to the estimated residual cull value. Finished poultry products, finished pork products, feed, eggs and other inventories are stated at the lower of cost (average) or net realizable value. Inventory typically transfers from one stage of production to another at a standard cost, where it accumulates additional cost directly incurred with the production of inventory, including overhead. The standard cost at which each type of inventory transfers is set by management to reflect the actual costs incurred in the prior steps. The Company monitors and adjusts standard costs throughout the year to ensure that standard costs reasonably reflect the actual average cost of the inventory produced. The Company allocates meat costs between its various finished chicken products based on a by-product costing technique that reduces the cost of the whole bird by estimated yields and amounts to be recovered for certain by-product parts. This primarily includes leg quarters, wings, tenders, and offal, which are carried in inventory at the estimated recovery amounts, with the remaining amount being reflected as its breast meat cost. The Company allocates meat costs between its various finished pork products based on a by-product costing technique that allocates the cost of the whole pig into the primal cuts by estimated yields and amounts to be recovered for certain by-product parts. This primarily includes legs, shoulders, bellies, offal, and fifth quarter parts, which are carried in inventory at the estimated recoverable amounts, with the remaining amount being reflected as its loin meat cost. The Company values its other prepared foods products, raw materials and packaging materials at the lower of weighted average cost and net realizable value. Work-in-progress is valued at the latest production cost (raw materials, packaging), finished goods are valued at the lower of the latest actual monthly production cost (raw materials, packaging and direct labor) and attributable overhead and net realizable value, and engineering spares and consumables are valued at cost with an appropriate provision for obsolete engineering spares consistent with historical practice. Generally, the Company performs an evaluation of whether any lower-of-cost-or-net-realizable-value adjustments are required at the country level based on a number of factors, including: (1) pools of related inventory, (2) product continuation or discontinuation, (3) estimated market selling prices and (4) expected distribution channels. If actual market conditions or other factors are less favorable than those projected by management, additional inventory adjustments may be required. The Company also records valuation adjustments, when necessary, for estimated obsolescence at or equal to the difference between the cost of inventory and the estimated market value based on known conditions affecting inventory obsolescence, including significantly aged products, discontinued product lines, or damaged or obsolete products.
Leases	Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in Operating lease assets, net, Accrued expenses, and other current liabilities, and Noncurrent operating lease liabilities, less current maturities, in our Consolidated Balance Sheets. Finance leases are included in Property, plant and equipment, net, Current maturities of long-term debt and Long-term debt, less current maturities in our Consolidated Balance Sheets. Operating lease assets and operating lease liabilities are initially recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit interest rate, the Company uses its incremental borrowing rate (“IBR”) based on the information available at commencement date in determining the present value of future payments. IBR is derived from the Company’s credit facility’s margin as a basis with adjustments to the periodically updated SOFR swap rate and foreign-currency curve. The operating lease asset also includes any lease payments made, including upfront costs and prepayments, and excludes lease incentives and initial direct costs incurred. The Company’s lease terms may include options to extend or terminate a lease when it is reasonably certain that it will exercise that option. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term with a corresponding reduction to the operating lease asset. The Company has lease agreements with lease and non-lease components. Lease and non-lease components are generally accounted for separately. For certain equipment leases, such as vehicles, the Company accounts for the lease and non-lease components as a single lease component.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant, and equipment are stated at cost, and repair and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of these assets. Estimated useful lives for buildings, machinery and equipment are five to 33 years and for automobiles and trucks are three to ten years. The charge to income resulting from amortization of assets recorded under capital leases is included within depreciation expense. The Company records impairment charges on long-lived assets held for use when events and circumstances indicate that the assets may be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amount of those assets. When this occurs, the impairment charge is determined based on the amount the net book value of the assets exceeds their fair market value. In making these determinations, the Company utilizes certain assumptions, including but not limited to: (1) future cash flows estimated to be generated by these assets, which are based on additional assumptions such as asset utilization, remaining length of service and estimated salvage values, (2) estimated fair market value of the assets, and (3) determinations with respect to the lowest level of cash flows relevant to the respective impairment test, generally groupings of related operational facilities. Given the interdependency of the Company’s individual facilities during the production process, that operate as a vertically integrated network, it evaluates impairment of assets held for use at the country level (i.e., the U.S. and Mexico). Management believes this is the lowest level of identifiable cash flows for its assets that are held for use in production activities. At present, the Company’s forecasts indicate that it can recover the carrying value of its assets held for use based on the projected undiscounted cash flows of the operations. The Company records impairment charges on long-lived assets held for sale when the carrying amount of those assets exceeds their fair value less appropriate selling costs. Fair value is based on amounts documented in sales contracts or letters of intent accepted by the Company, amounts included in counteroffers initiated by the Company, or, in the absence of current contract negotiations, amounts determined using a sales comparison approach for real property and amounts determined using a cost approach for personal property. Under the sales comparison approach, sales and asking prices of reasonably comparable properties are considered to develop a range of unit prices within which the current real estate market is operating. Under the cost approach, a current cost to replace the asset new is calculated and then the estimated replacement cost is reduced to reflect the applicable decline in value resulting from physical deterioration, functional obsolescence and economic obsolescence. Appropriate selling costs include reasonable broker’s commissions, costs to produce title documents, filing fees, legal expenses and the like.
Goodwill and Other Intangibles, net	Goodwill and Other Intangibles, net Goodwill represents the excess of the aggregate purchase price over the fair value of the net identifiable assets acquired in a business combination. Identified intangible assets represent trade names, customer relationships, and non-compete agreements arising from acquisitions that are recorded at fair value as of the date acquired, less accumulated amortization, if any. The Company uses various market valuation techniques to determine the fair value of its identified intangible assets. Goodwill and other intangible assets with indefinite lives are not amortized, but are tested for impairment on an annual basis in the fourth quarter of each fiscal year or more frequently if impairment indicators arise. For goodwill, an impairment loss is recognized for any excess of the carrying amount of a reporting unit’s goodwill over the implied fair value of that goodwill. Management first reviews relevant qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than the unit’s carrying amount (including goodwill). If management determines it is more likely than not that the carrying amount of a reporting unit’s goodwill might be impaired, a quantitative analysis is performed. Management performed a qualitative analysis noting that it was not more likely than not that there was goodwill impairment in any of its reporting units as of December 28, 2025. For indefinite-lived intangible assets, an impairment loss is recognized if the carrying amount of an indefinite-lived intangible asset exceeds the estimated fair value of that intangible asset. Management first reviews relevant qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that an intangible asset is impaired. If management determines there is an indication that the carrying amount of the intangible asset might be impaired, and a quantitative analysis is performed. Management performed a qualitative analysis noting that it was not more likely than not that there was impairment for any of its indefinite-lived intangible assets as of December 28, 2025. Identifiable intangible assets with definite lives, such as customer relationships and trade names, that the Company expects to use for a limited amount of time, are amortized over their estimated useful lives on a straight-line basis. The useful lives range from 15 to 20 years for trade names and three to 18 years for customer relationships. Identified intangible assets with definite lives are tested for recoverability whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Management assessed if events or changes in circumstances indicated that the aggregate carrying amount of its identified intangible assets with definite lives might not be recoverable and determined that there were no impairment indicators during the years ended December 28, 2025 and December 29, 2024.
Litigation and Contingent Liabilities	Litigation and Contingent Liabilities The Company is subject to lawsuits, investigations, and other claims related to employment, environmental, product, and other matters. The Company is required to assess the likelihood of any adverse judgments or outcomes, as well as potential ranges of probable losses related to these matters. The Company estimates the amount of reserves required for these contingencies when losses are determined to be probable and after considerable analysis of each individual issue. The Company expenses legal costs related to such loss contingencies as they are incurred. The accrual for environmental remediation liabilities is measured on an undiscounted basis. These reserves may change in the future due to changes in the Company’s assumptions, the effectiveness of strategies, or other factors beyond the Company’s control.
Accrued Self Insurance	Accrued Self-Insurance Insurance expense for casualty claims and employee-related health care benefits is estimated using historical and current experience and actuarial estimates. Stop-loss coverage is maintained with third-party insurers to limit the Company’s total exposure. Certain categories of claim liabilities are actuarially determined. The assumptions used to arrive at periodic expenses are reviewed regularly by management. However, actual expenses could differ from these estimates and could result in adjustments being recognized.
Asset Retirement Obligations	Asset Retirement Obligations The Company monitors certain asset retirement obligations in connection with its operations. These obligations relate to clean-up, removal, or replacement activities and related costs for “in-place” exposures only when those exposures are moved or modified, such as during renovations of the Company’s facilities. These in-place exposures include asbestos, refrigerants, wastewater, oil, lubricants, and other contaminants common in manufacturing environments. Under existing regulations, the Company is not required to remove these exposures and there are no plans to undertake a renovation that would require removal of the asbestos or the remediation of the other in-place exposures at this time. The facilities are expected to be maintained and repaired by activities that will not result in the removal or disruption of these in-place exposures at this time. As a result, there is an indeterminate settlement date for these asset retirement obligations because the range of time over which the Company may incur these liabilities is unknown and cannot be reasonably estimated. Therefore, the Company has not recorded the fair value of any potential liability.
Income Taxes	Income Taxes The Company follows provisions stated in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, with regard to members of a group that file a consolidated tax return but issue separate financial statements. The Company files certain state unitary returns with JBS USA Food Company Holdings (“JBS USA Holdings”). The income tax expense of the Company is computed using the separate return method. The provision for income taxes has been determined using the asset and liability approach of accounting for income taxes. For the unitary states, we have an obligation to make tax payments to JBS USA Holdings for our share of the unitary taxable income, which is included in taxes payable in our Consolidated Balance Sheets. Under this approach, deferred income taxes reflect the net tax effect of temporary differences between the book and tax bases of recorded assets and liabilities, net operating losses and tax credit carryforwards. The amount of deferred tax on these temporary differences is determined using the tax rates expected to apply to the period when the asset is realized or the liability is settled, as applicable, based on the tax rates and laws in the respective tax jurisdiction enacted as of the balance sheet date. The Company reviews its deferred tax assets for recoverability and establishes a valuation allowance based on historical taxable income, potential for carryback of tax losses, projected future taxable income, applicable tax strategies, and the expected timing of the reversals of existing temporary differences. A valuation allowance is provided when it is more likely than not that some or all of the deferred tax assets will not be realized. Valuation allowances have been established primarily for net operating loss carryforwards of certain foreign subsidiaries. During 2025, the Company changed its assertion regarding the permanent reinvestment of certain foreign earnings. For Mexico, we no longer consider cumulative earnings through 2025 to be permanently reinvested. As a result, the Company recognized a deferred tax liability and associated income tax expense of approximately $7.1 million. For Puerto Rico, the U.K., the Republic of Ireland, France, the Netherlands, Luxembourg, and Malta, there are no positive cumulative earnings from these jurisdictions as of December 28, 2025, and therefore the Company is precluded from making a permanent reinvestment assertion for these jurisdictions. The Company follows provisions within ASC Topic 740, Income Taxes, that provide a recognition threshold and measurement criteria for the financial statement recognition of a tax benefit taken or expected to be taken in a tax return. Tax benefits are recognized only when it is more-likely-than-not, based on the technical merits, that the benefits will be sustained on examination. Tax benefits that meet the more-likely-than-not recognition threshold are measured using a probability weighting of the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement. Whether the more-likely-than-not recognition threshold is met for a particular tax benefit is a matter of judgment based on the individual facts and circumstances evaluated in light of all available evidence as of the balance sheet date. See “Note 12. Income Taxes” to the Consolidated Financial Statements. On December 30, 2024, the Company entered into a tax sharing agreement (the “Tax Sharing Agreement”) with JBS USA governing the allocation, and certain payment and reimbursement obligations of U.S. income tax liabilities and assets among the Company and its relevant U.S. corporate subsidiaries, on the one hand, and JBS USA and its relevant U.S. subsidiaries, on the other hand. The Tax Sharing Agreement is effective for each tax year beginning on or after December 30, 2024, or such other date on which PPC becomes a member of the Parent Consolidated Group (as defined in the Tax Sharing Agreement). The Tax Sharing Agreement is attached as Exhibit 10.15 to this Annual Report.
Pension and Other Postemployment Benefits	Pension and Other Postemployment Benefits Our pension and other postemployment benefit costs and obligations are dependent on the various actuarial assumptions used in calculating such amounts. These assumptions relate to discount rates, long-term return on plan assets, and other factors. We base the discount rate assumptions on current investment yields on high-quality corporate long-term bonds. We determine the long-term return on plan assets based on historical portfolio results and management’s expectation of the future economic environment. Actual results that differ from our assumptions are accumulated and, if in excess of the lesser of 10% of the projected benefit obligation or the fair market value of plan assets, amortized over either (1) the estimated average future service period of active plan participants if the plan is active or (2) the estimated average future life expectancy of all plan participants if the plan is frozen.
Derivative Financial Instruments	Derivative Financial Instruments The Company uses derivative financial instruments (e.g., futures, forwards options, and swaps) for the purpose of mitigating exposure to changes in commodity prices and foreign currency exchange rates. •Commodity Price Risk - The Company utilizes various raw materials, which are all considered commodities, in its operations, including corn, soybean meal, soybean oil, wheat, natural gas, electricity, and diesel fuel. The Company considers these raw materials to be generally available from a number of different sources and believes it can obtain them to meet its requirements. These commodities are subject to price fluctuations and related price risk due to factors beyond the Company’s control, such as economic and political conditions, supply and demand, weather, governmental regulation and other circumstances. Generally, the Company enters into derivative contracts such as physical forward contracts and exchange-traded futures or option contracts in an attempt to mitigate price risk related to its anticipated consumption of commodity inputs for periods up to 12 months. The Company may enter into longer-term derivatives on particular commodities if deemed appropriate. •Foreign Currency Risk - The Company has foreign operations and, therefore, has exposure to foreign exchange risk when the financial results of those operations are translated to U.S. dollars. The Company will occasionally purchase derivative financial instruments such as foreign currency forward contracts in an attempt to mitigate currency exchange rate exposure in its Mexico reportable segment. The Company’s Europe reportable segment also attempts to mitigate foreign currency exposure on certain transactions denominated in foreign currencies through the use of derivative financial instruments. Pilgrim’s recognizes all commodity derivative instruments that qualify for derivative accounting treatment as either assets or liabilities and measures those instruments at fair value unless they qualify for, and we elect, the normal purchases and normal sales scope exception (“NPNS”). The permitted accounting treatments include: cash flow hedge; fair value hedge, and undesignated contracts. Undesignated contract accounting is the default accounting treatment for all derivatives unless they qualify, and we specifically designate them, for one of the other accounting treatments. Derivatives designated for any of the elective accounting treatments must meet specific, restrictive criteria both at the time of designation and on an ongoing basis. The Company has generally applied the NPNS exception for certain of its forward physical grain purchase and energy purchase contracts. NPNS contracts are accounted for using the accrual method of accounting; therefore, there were no amounts recorded in the Consolidated Financial Statements at December 28, 2025 and December 29, 2024. Undesignated contracts may include contracts not designated as a hedge or for which the NPNS exception was not elected, contracts that do not qualify for hedge accounting and derivatives that do not or no longer qualify for the NPNS scope exception. The fair value of these derivatives is recognized in the Consolidated Balance Sheets within Prepaid expenses and other current assets or Accrued expenses and other current liabilities. Changes in fair value of these derivatives are recognized immediately in the Consolidated Statements of Income within Net sales, Cost of sales or Foreign currency transaction losses (gains), depending on the risk they are intended to mitigate. The Company’s counterparties require that it post collateral for changes in the net fair value of the derivative contracts. This cash collateral is reported in the line item Restricted cash and restricted cash equivalents on the Consolidated Balance Sheets, except in scenarios where the margin cash is not fully settled and in these scenarios, the outstanding balance is reported in Accrued expenses and other liabilities on the Consolidated Balance Sheets. While management believes these instruments help mitigate various market risks, they are not designated nor accounted for as hedges as a result of the extensive record keeping requirements. The Company does apply hedge accounting treatment to certain derivative financial instruments related to its Europe reportable segment that it has purchased to mitigate foreign currency transaction exposures. Before the settlement date of the financial derivative instruments, the Company recognizes changes in the fair value of the cash flow hedge into accumulated other comprehensive income (“AOCI”). When the derivative financial instruments are settled, the amount in AOCI is then reclassified to earnings. Gains or losses related to these derivative financial instruments are included in the line item Net sales and Cost of sales in the Consolidated Statements of Income.
Business Combination Accounting	Business Combination Accounting Pilgrim’s allocates the consideration of an acquired business to its identifiable assets and liabilities based on estimated fair values. The excess of the consideration over the amount allocated to the assets and liabilities, if any, is recorded to goodwill. The Company uses all available information to estimate fair values. Pilgrim’s uses various models to determine the value of assets acquired and liabilities assumed such as net realizable value to value inventory, cost method and market approach to value property, relief-from-royalty and multi-period excess earnings to value intangibles and discounted cash flow to value goodwill. The Company typically engages third-party valuation specialists to assist in the fair value determination of tangible long-lived assets and intangible assets other than goodwill. The fair value of acquired inventories is determined by extending physical counts of the inventories taken at or near the acquisition date to market pricing in effect for such inventories at or near the acquisition date. The carrying values of acquired receivables and accounts payable have historically approximated their fair values as of the business combination date. As necessary, Pilgrim’s may engage third-party specialists to assist in the estimation of fair value for certain liabilities. The Company adjusts the preliminary acquisition accounting, as necessary, typically up to one year after the acquisition closing date for those items that existed at the acquisition date and were provisionally accounted for at that time, as it obtains more information regarding asset valuations and liabilities assumed. The Company’s acquisition accounting methodology contains uncertainties because it requires management to make assumptions and apply judgment to estimate the fair value of acquired assets and liabilities. Management estimates the fair value of assets and liabilities based upon quoted market prices, the carrying value of the acquired assets and widely accepted valuation techniques, including discounted cash flows and market multiple analyses. Unanticipated events or circumstances may occur which could affect the accuracy of the Company’s fair value estimates, including changes in assumptions regarding industry economic factors and business strategies. If actual results are materially different than the assumptions used to determine fair value of the assets and liabilities acquired through a business combination, it is possible that adjustments to the carrying values of such assets and liabilities will have an impact on the Company’s net earnings.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company makes significant estimates in regard to realization of deferred tax assets; valuation of long-lived assets; valuation of contingent liabilities and self-insurance liabilities; and valuation of acquired businesses.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted in 2025 In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires additional disclosures for income taxes to enhance transparency and usefulness of income tax disclosures. The guidance requires additional disclosures for the tabular rate reconciliation, income taxes paid, and the disaggregation of domestic, federal and state, and foreign components within income (or loss) from continuing operations before income tax expense (or benefit) and income tax expense (or benefit) from continuing operations. The provisions of the new guidance is effective for years beginning after December 15, 2024. The Company adopted this guidance effective for fiscal year 2025. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements. Additional information regarding segments is included in “Note 12. Income Taxes.” Recent Accounting Pronouncements Adopted in 2024 In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires additional disclosures for reportable segments. The guidance requires disclosures about significant segment expenses that are regularly provided to the chief operating decision maker along with additional measures of segment profit that are regularly used by the chief operating decision maker in assessing segment performance and deciding how to allocate resources. The provisions of the new guidance will be effective for years beginning after December 15, 2023 and interim periods in fiscal years beginning after December 15, 2024. The Company adopted this guidance effective December 29, 2024. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements. Additional information regarding segments is included in “Note 20. Reportable Segments.” Recent Accounting Pronouncements Not Yet Adopted as of December 28, 2025 In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40), which requires additional disclosures for certain costs and expenses to help investors better understand major components of an entity’s income statement. The guidance requires additional disclosures for costs and expenses such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The provisions of the new guidance will be effective for annual reporting years beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The Company plans to adopt this guidance as it becomes effective and is assessing the impacts on our Consolidated Financial Statements.

TRADE ACCOUNTS AND OTHER RECEIVABLES

12 Months Ended

Dec. 28, 2025

Accounts Receivable, after Allowance for Credit Loss [Abstract]

TRADE ACCOUNTS AND OTHER RECEIVABLES

Trade accounts and other receivables (including accounts receivable from related parties), less allowance for credit losses, consisted of the following:


	December 28, 2025		December 29, 2024
	(In thousands)
Trade accounts receivable	$	1,109,218	$	973,820
Notes receivable	10,111		8,970
Other receivables	52,690		30,018
Receivables, gross	1,172,019		1,012,808
Allowance for credit losses	(7,116)		(8,474)
Receivables, net	$	1,164,903	$	1,004,334

Accounts receivable from related parties(a)	$	13,398	$	2,608

(a)Additional information regarding accounts receivable from related parties is included in “Note 19. Related Party Transactions.”

Activity in the allowance for credit losses was as follows:


	December 28, 2025		December 29, 2024
Allowance for Credit Losses:	(In thousands)
Balance, beginning of period	$	(8,474)	$	(9,341)
Provision released (charged) to operating results	(224)		102
Account write-offs and recoveries	2,397		46
Effect of exchange rate	(815)		719
Balance, end of period	$	(7,116)	$	(8,474)

In June 2023, the Company and JBS USA Food Company (“JBS USA”) jointly entered into a receivables purchase agreement with a bank for an uncommitted facility with a maximum capacity of $415.0 million and no recourse to the Company or JBS USA. Under the facility, the Company may sell eligible trade receivables in exchange for cash. Transfers under the agreement are recorded as a sale under ASC 860, Broad Transactions – Transfers and Servicing. At the transfer date, the Company received cash equal to the face value of the receivables sold less a fee based on the current Secured Overnight Financing Rate (“SOFR”) plus an applicable margin applied over the customer payment term. The fees are immaterial.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The activity in goodwill by reportable segment for the years ended December 28, 2025 and December 29, 2024 were as follows:


	December 29, 2024		Currency Translation		December 28, 2025
	(In thousands)
U.S.	$	41,936	$	—	$	41,936
Europe	1,097,643		86,277		1,183,920
Mexico	99,494		13,534		113,028
Total	$	1,239,073	$	99,811	$	1,338,884


	December 31, 2023		Currency Translation		December 29, 2024
	(In thousands)
U.S.	$	41,936	$	—	$	41,936
Europe	1,116,521		(18,878)		1,097,643
Mexico	127,804		(28,310)		99,494
Total	$	1,286,261	$	(47,188)	$	1,239,073

Intangible assets consisted of the following:


	December 29, 2024		Amortization		Currency Translation		December 28, 2025
	(In thousands)
Carrying amount
Trade names not subject to amortization	$	569,357	$	—	$	44,179	$	613,536
Trade names subject to amortization	112,016		—		2,746		114,762
Customer relationships	431,861		—		24,554		456,415
Accumulated amortization
Trade names	(61,527)		(3,957)		(568)		(66,052)
Customer relationships	(245,473)		(29,165)		(11,957)		(286,595)
Total	$	806,234	$	(33,122)	$	58,954	$	832,066


	December 31, 2023		Amortization		Currency Translation		December 29, 2024
	(In thousands)
Carrying amount
Trade names not subject to amortization	$	580,473	$	—	$	(11,116)	$	569,357
Trade names subject to amortization	112,681		—		(665)		112,016
Customer relationships	441,719		—		(9,858)		431,861
Accumulated amortization
Trade names	(57,762)		(3,893)		128		(61,527)
Customer relationships	(223,128)		(28,503)		6,158		(245,473)
Total	$	853,983	$	(32,396)	$	(15,353)	$	806,234

Intangible assets are amortized over the estimated useful lives of the assets as follows:


Trade names subject to amortization			15-20 years
Customer relationships			3-18 years

The Company expects to recognize amortization expense associated with intangible assets of $29.8 million in 2026, $23.8 million in 2027, $23.8 million in 2028, 2029 and 2030.

On July 28, 2025, the Company effectively completed a reorganization within its Europe reportable segment. The previous reporting units were Fresh Pork/Lamb, Fresh Poultry, Food Service, Meals, and Brands & Snacking. The new 2025 reorganization resulted in one plant moving from Fresh Pork/Lamb into Fresh Poultry and combining Meals and Brands & Snacking into one reporting unit called Added Value. The resulting reporting units of this reorganization are Fresh Pork/Lamb, Fresh Poultry, Food Service, and Added Value. As a result of this reorganization, the Company reassigned assets and liabilities to the applicable reporting units and allocated goodwill using the relative net assets approach which is consistent with the reallocation method using in the prior year’s reorganization. The Company then assessed if the reorganization was a triggering event that required an interim impairment test. This resulted in an interim impairment test being performed on the Fresh Pork/Lamb reporting unit on both a pre- and post-reorganization basis. There was no impairment recognized as a result of this test. The Company additionally assessed if the Pilgrim’s Europe reorganization indicated that any carrying amounts of its non-goodwill intangible assets might not be recoverable. The reorganization did not result in any change in business use for any of the intangible assets and therefore, the Company determined no indicators were present that required us to test the recoverability of the asset group-level carrying amounts of its Europe intangible assets at that date.

As of December 28, 2025, the Company assessed qualitative factors to determine if it was necessary to perform quantitative impairment tests related to the carrying amounts of its goodwill or its intangible assets not subject to amortization. Based on these assessments, the Company determined that it was not necessary to perform quantitative impairment tests related to the carrying amount of its goodwill nor its intangible assets not subject to amortization at that date.

As of December 28, 2025, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its intangible assets subject to amortization might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its intangible assets subject to amortization at that date.

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 28, 2025
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES General The Company is a party to many routine contracts in which it provides general indemnities in the normal course of business to third parties for various risks. Among other considerations, the Company has not recorded a liability for any of these indemnities because, based upon the likelihood of payment, the fair value of such indemnities would not have a material impact on its financial condition, results of operations and cash flows. Purchase Obligations The Company will sometimes enter into noncancelable contracts to purchase capital equipment and certain commodities such as corn, soybean meal, wheat and energy. As of December 28, 2025, the Company was party to outstanding purchase contracts totaling $483.7 million payable in 2026, $281.6 million payable in 2027, $1.8 million payable in 2028, $1.7 million payable in 2029 and $9.0 million payable thereafter. Operating Leases Additional information regarding operating leases is included in “Note 3. Leases.” Financial Instruments The Company’s loan agreements generally obligate the Company to reimburse the applicable lender for incremental increased costs due to a change in law that imposes (1) any reserve or special deposit requirement against assets of, deposits with or credit extended by such lender related to the loan, (2) any tax, duty or other charge with respect to the loan (except standard income tax) or (3) capital adequacy requirements. In addition, some of the Company’s loan agreements contain a withholding tax provision that requires the Company to pay additional amounts to the applicable lender or other financing party, generally if withholding taxes are imposed on such lender or other financing party as a result of a change in the applicable tax law. These increased cost and withholding tax provisions continue for the entire term of the applicable transaction, and there is no limitation on the maximum additional amounts the Company could be obligated to pay under such provisions. Any failure to pay amounts due under such provisions generally would trigger an event of default and, in a secured financing transaction, would entitle the lender to foreclose upon the collateral to realize the amount due. Litigation The Company is subject to various legal proceedings and claims which arise in the ordinary course of business. In the Company’s opinion, it has made appropriate and adequate accruals for claims where necessary; however, the ultimate liability for these matters is uncertain, and if significantly different than the amounts accrued, the ultimate outcome could have a material effect on the financial condition or results of operations of the Company. The Company cannot predict the outcome of the litigation matters or other actions nor when they will be resolved. The consequences of the pending litigation matters are inherently uncertain, and settlements, adverse actions, or adverse judgments in some or all of these matters, including investigations by the U.S. Department of Justice (“DOJ”) or the Attorneys General, may result in monetary damages, fines, penalties, or injunctive relief against the Company, which could be material and could adversely affect its financial condition or results of operations. Any claims or litigation, even if fully indemnified or insured, could damage the Company’s reputation and make it more difficult to compete effectively or to obtain adequate insurance in the future. In addition, the U.S. government’s recent focus on market dynamics in the meat processing industry could expose the Company to additional costs and risks. Tax Claims and Proceedings During 2014 and 2015, the Mexican Tax Administration Service (the “SAT”) opened a review of Avícola Pilgrim's Pride de Mexico, S. A. de C.V. (“Avícola”) with regard to tax years 2009 and 2010. In both instances, the SAT claims that controlled company status did not exist for certain subsidiaries because Avícola did not own 50% of the shares in voting rights of Incubadora Hidalgo, S. de R.L de C.V. and Comercializadora de Carnes de México S. de R.L de C.V. (both in 2009) and Pilgrim’s Pride, S. de R.L. de C.V. (in 2010). Avícola appealed the opinion, and on January 31, 2023, the appeal as to tax year 2009 was dismissed by the Mexico Supreme Court. During 2023 Avícola paid $25.9 million for tax year 2009. The opinion for tax year 2010 is still under appeal. Accordingly, Avícola has an accrual of $16.3 million as of December 28, 2025 with regard to the tax year 2010. On May 12, 2022, the SAT issued tax assessments against Pilgrim’s Pride, S. de R.L. de C.V. and Provemex Holdings, LLC in connection with PPC’s acquisition of Tyson de México. Additionally, the seller in this acquisition also received an assessment from the SAT related to the sale of its indirect equity interest of Tyson de México. The transaction agreement related to such acquisition contains certain mutual indemnification provisions, and both seller and buyer provided notice of indemnification claims to the other party. In response to the indemnification claims, on November 14, 2025, in a strategic effort to mitigate risk and in exchange for monetary compensation, PPC settled the indemnification claims and entered into an agreement with the seller in which PPC agreed to assume all tax liabilities in connection with the seller’s assessment, assume defense of such assessment, and waive all potential indemnification claims against the seller. In response to the underlying substantive assessments by the SAT, the Mexican subsidiaries of PPC filed a petition to nullify these assessments. The District Court issued a judgment on January 20, 2025, in which the court now claims that the seller (a Tyson entity) owed tax due to the indirect transfer of Mexican assets in connection with the sale, and that PPC or its subsidiaries should have withheld such taxes. The Collegiate (appellate) Court (the “Collegiate Court”) issued a decision on February 7, 2025 remanding the dispute to the Tax Court. On March 19, 2025, the Tax Court ruled that, for tax purposes and with respect to both assessments, the sale of the equity of Provemex occurred on June 29, 2015, and that Provemex was a Mexican tax resident on that date. PPC appealed this ruling to the Collegiate Court on April 23, 2025 and will continue to defend this matter or seek a reasonable settlement with the SAT where available. The amount under appeal for the remaining assessment, including any penalties and interest, is approximately $230.0 million. PPC will seek a reasonable settlement with the tax authority where it is available. PPC has determined the loss is probable and as such have recorded an accrual of $88.2 million, which is reflected in Accrued expenses and other current liabilities in the Consolidated Balance Sheet as of December 28, 2025. In 2019 and 2020, the U.K. Revenue & Customs Authority (“HMRC”) opened reviews of the 2017 and 2018 tax returns of Onix Investments UK Ltd (“Onix”) in which HMRC evaluated the deductibility of certain interest related expenses incurred by Onix (the “Deductions”). The Deductions total $7.9 million for tax year 2017 and $32.1 million for tax year 2018. On April 12, 2024, HMRC concluded that the Deductions should be disallowed and Onix appealed. On October 8, 2024, HMRC issued a Review Conclusion Letter affirming the prior decision to disallow the Deductions. Onix has timely filed a Grounds of Appeal, and on March 10, 2025, HMRC filed their Statement of Case (a preliminary summary of arguments). A case management timetable has been agreed upon between Onix and HMRC, and approved by the court, which includes a tentative hearing window between June and October of 2026. Onix will continue to defend this matter. No accrual has been recorded for this matter. U.S. Litigation Between September 2, 2016 and October 13, 2016, a series of federal class action lawsuits were filed with the U.S. District Court for the Northern District of Illinois (“Illinois Court”) against PPC and other defendants by and on behalf of direct and indirect purchasers of broiler chickens alleging violations of antitrust and unfair competition laws and styled as In re Broiler Chicken Antitrust Litigation, Case No. 1:16-cv-08637 (the “Broiler Antitrust Litigation”). The complaints seek, among other relief, treble damages for an alleged conspiracy among defendants to reduce output and increase prices of broiler chickens from the period of January 2008 to the present. PPC entered into agreements to settle all claims made by the three certified classes for an aggregate total of $195.5 million, each of which has received final approval from the Illinois Court and settlements were paid in fiscal year 2021. PPC continues to defend itself against the direct-action plaintiffs as well as parties that have opted out of the class settlements (collectively, the “Broiler Opt Outs”). On February 11, 2025, the motions to dismiss Phase 2 of the Broiler Antitrust Litigation that had been filed by PPC and other defendants were denied. Phase 2 discovery has commenced. PPC will seek reasonable settlements with the Broiler Opt Outs where they are available. To date, PPC has recognized an expense of $683.1 million, including a $100.6 million incremental expense in the year ended December 28, 2025, to cover settlements with various Broiler Opt Outs. PPC recognized all settlement expenses related to this matter within SG&A expense in our Consolidated Statements of Income. Between August 30, 2019 and October 16, 2019, a series of purported class action lawsuits were filed in the U.S. District Court for the District of Maryland (“Maryland Court”) against PPC and a number of other chicken producers, as well as Webber, Meng, Sahl & Company and Agri Stats, styled as Jien, et al. v. Perdue Farms, Inc., et al., No.19-cv-02521. The plaintiffs are a putative class of poultry processing plant production and maintenance workers (“Poultry Workers Class”) and allege that the defendants conspired to fix and depress the compensation paid to Poultry Workers Class in violation of the Sherman Antitrust Act. PPC entered into an agreement to settle all claims made by the Poultry Workers Class for $29.0 million and paid the plaintiffs this amount during 2021, though the agreement is still subject to final approval by the Maryland Court. PPC recognized this settlement expense in SG&A expense in our Consolidated Statements of Income in fiscal year 2021 and incrementally in fiscal year 2022. On January 27, 2017, a purported class action on behalf of broiler chicken farmers was brought against PPC and other chicken producers in the U.S. District Court for the Eastern District of Oklahoma alleging, among other things, a conspiracy to reduce competition for grower services and depress the price paid to growers. The complaint was consolidated with several subsequently filed consolidated amended class action complaints and styled as In re Broiler Chicken Grower Litigation, Case No. CIV-17-033. On June 24, 2024, a settlement was reached in the amount of $100.0 million. This settlement was paid in fiscal year 2024. PPC recognized these settlement expenses within SG&A expense in our Consolidated Statements of Income. On January 7, 2025, the Court granted final approval of the Company’s settlement and dismissed the case. On October 20, 2016, Patrick Hogan, acting on behalf of himself and a putative class of certain PPC stockholders, filed a class action complaint in the U.S. District Court for the District of Colorado against PPC and its named executive officers styled as Hogan v. Pilgrim’s Pride Corporation, et al., No. 16-CV-02611. The complaint alleges, among other things, that PPC’s SEC filings contained statements that were rendered materially false and misleading. On December 6, 2024, the Company entered into a settlement agreement in principal with the putative class in the amount of $41.5 million. On June 27, 2025, the settlement agreement received final court approval. PPC paid the settlement amount in fiscal year 2025. We have recognized this expense in SG&A expense in the Consolidated Statements of Income. On July 17, 2025, a stockholder derivative action entitled City of Miami Beach Fire and Police Pension et al. v. JBS Wisconsin Properties. LLC et al. was filed in the Delaware Court of Chancery against PPC, as nominal defendant, as well as PPC’s directors, and majority stockholder, JBS Wisconsin Properties, LLC. The complaint alleges, among other things, breaches of fiduciary duties connected to an amendment to PPC’s certificate of incorporation in 2024, that, according to the plaintiffs benefited JBS Wisconsin Properties, LLC to the detriment of public shareholder, and seeks, among other things, equitable relief. Defendants filed a motion to dismiss on October 2, 2025. No amounts have been accrued for any potential losses under this matter, as we cannot reasonably predict the outcome of the litigation or any potential losses at this early stage in the matter. U.S. State Matters From February 21, 2017 through May 4, 2021, the Attorneys General for multiple U.S. states issued civil investigative demands (“CIDs”). The CIDs requested, among other things, data and information related to the acquisition and processing of broiler chickens and the sale of chicken products. PPC cooperated with the Attorneys General in these states in producing documents pursuant to the CIDs. U.S. Federal Matters On February 9, 2022, PPC learned that the DOJ opened a civil investigation into human resources antitrust matters, on October 6, 2022, PPC learned that the DOJ opened a civil investigation into grower contracts and payment practices and on October 2, 2023, received a civil investigative demand requesting information from PPC. PPC cooperated with the DOJ in its investigations and CID.

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) $ in Millions	Dec. 28, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Expected amortization expense, 2026	$ 29.8
Expected amortization expense, 2027	23.8
Expected amortization expense, 2028	23.8
Expected amortization expense, 2029	23.8
Expected amortization expense, 2030	$ 23.8

INCENTIVE COMPENSATION

12 Months Ended

Dec. 28, 2025

Share-Based Payment Arrangement [Abstract]

INCENTIVE COMPENSATION

The Company sponsors short-term incentive plans that provide the grant of either cash or stock-based bonus awards payable upon achievement of specified performance goals. As of December 28, 2025, the Company has accrued $87.2 million, $30.3 million, and $6.5 million related to cash bonus awards that are recognized in the U.S., Europe, and Mexico reportable segments, respectively.

The Company also sponsors a performance-based, omnibus long-term incentive plan that provides for the grant of a broad range of long-term equity-based and liability-based awards to the Company’s officers and other employees, members of the Board of Directors and any consultants (the “LTIP”). Awards that may be granted under the LTIP include “incentive stock options,” within the meaning of the IRC, nonqualified stock options, stock appreciation rights, restricted stock awards and restricted stock units (“RSUs”). Equity-based awards are converted into shares of the Company’s common stock shortly after award vesting. Compensation cost to be recognized for an equity-based awards grant is determined by multiplying the number of awards granted by the closing price of a share of the Company’s common stock on the award grant date. Liability-based awards granted under the LTIP are converted into cash shortly after award vesting. Compensation cost to be recognized for a liability-based awards grant is first determined by multiplying the number of awards granted by the closing price of a share of PPC’s common stock on the award grant date. However, the compensation cost to be recognized is adjusted at each subsequent milestone date (i.e., forfeiture date, vesting date or financial reporting date) by multiplying the number of awards granted by the closing price of a share of PPC’s common stock on the milestone date. On April 30, 2025, the Company’s stockholders approved the Amended and Restated Pilgrim’s Pride Corporation 2019 Long Term Incentive Plan (the “Amended 2019 LTIP”), which replaced the expiring Pilgrim’s Pride Corporation 2019 Long-Term Incentive Plan (the “2019 LTIP”). The Amended 2019 LTIP became effective as of April 30, 2025. As of December 28, 2025, we have in reserve about 1.2 million shares of common stock for future issuance under the Amended 2019 LTIP.

Compensation costs and the income tax benefit recognized for our stock-based compensation arrangements are included below:


	2025		2024		2023
	(In thousands)
Equity-based awards compensation cost
Cost of sales	$	3,233	$	2,439	$	629
Selling, general and administrative expense	26,121		12,975		6,958
Total cost	29,354		15,414		7,587
Income tax benefit	7,206		3,730		1,836
Net cost	$	22,148	$	11,684	$	5,751

Liability-based awards compensation cost
Selling, general and administrative expense(a)	$	5,453	$	(1,953)	$	2,491
Income tax benefit (expense)	1,339		(473)		603
Net cost(a)	$	4,114	$	(1,480)	$	1,888

(a)During 2024, the liability-based awards in our Europe and Mexico segments for the 2023 performance year were determined to have not met the performance threshold for payout therefore the Company reversed the prior and current year recognized compensation costs related to these awards.

The Company’s RSU activity is included below:


	2025			2024			2023
	Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Equity-based RSUs
Outstanding at beginning of year	1,572	$	25.27	911	$	22.40	993	$	22.00
Granted	1,156	47.72		979	26.80		324	23.67
Vested	(425)	26.76		(187)	21.76		(378)	22.25
Awards forfeited	(153)	29.38		(131)	21.70		(28)	24.99
Outstanding at end of year	2,150	$	36.75	1,572	$	25.27	911	$	22.40


	2025			2024			2023
	Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Liability-based RSUs
Outstanding at beginning of year	24	$	45.92	242	$	27.66	377	$	23.80
Granted	245	52.65		—	—		158	24.21
Vested	(15)	45.39		—	—		(196)	25.27
Forfeited	(9)	45.92		(218)	34.32		(97)	22.81
Outstanding at end of year	245	$	39.82	24	$	45.92	242	$	27.66

(a)The milestone date fair value is either the closing price of the Company’s common stock on the grant date for equity-based awards or the closing price of a share of the Company’s common stock on the respective milestone date for cash-based liability-based awards (i.e., grant date, vesting date, forfeiture date or financial reporting date).

The total fair values of equity-based awards and liability-based awards vested during 2025 were $11.4 million and $0.7 million, respectively. The total fair values of equity-based awards vested during 2024 were $7.1 million. No liability-based awards vested during 2024.

As of December 28, 2025, the total unrecognized compensation cost related to all nonvested equity-based awards was $38.1 million. This cost is expected to be recognized over a weighted average period of 2.13 years. As of December 28, 2025, the total unrecognized compensation cost related to all nonvested liability-based awards was $4.1 million. This cost is expected to be recognized over a weighted average period of 2.11 years.

Historically, we have issued new shares, as opposed to treasury shares, to satisfy equity-based award conversions.

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Dec. 25, 2022
Operating Loss Carryforwards [Line Items]
Effective tax rate (as a percent)	28.00%	23.00%	11.70%
Valuation allowance	$ 85,875	$ 86,257	$ 88,460	$ 64,361
Valuation allowance, U.S. foreign tax credits	11,700
Valuation allowance, state operating losses	200
Other comprehensive income (loss), tax expense (benefit)	416	9,386	2,083
Unrecognized tax benefits	31,661	$ 28,969	$ 37,565
Amount of tax benefits that, if recognized, would reduce effective tax rate	17,800
Liability for interest and penalties	8,900
Increase in accrued interest and penalty amounts related to uncertain tax positions	1,400
U.S. state and local
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	17,800
Tax credit carry forwards	1,600
Europe Operations
Operating Loss Carryforwards [Line Items]
Valuation allowance, business combinations	14,700
Mexico Operations
Operating Loss Carryforwards [Line Items]
Valuation allowance, foreign operations	200
Onix Investments UK Limited
Operating Loss Carryforwards [Line Items]
Valuation allowance, business combinations	47,000
Puerto Rico Operations
Operating Loss Carryforwards [Line Items]
Valuation allowance, business combinations	12,100
Mexican Tax Authority \| Foreign
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	9,700
U.K. Tax Authority \| Foreign
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 242,400

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 28, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured on a Recurring Basis

The following items were measured at fair value on a recurring basis:


	December 28, 2025				December 29, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets
Fixed income securities	$	520,899	$	—	$	520,899	$	1,712,917	$	—	$	1,712,917
Commodity derivative assets	9,509		—		9,509		6,598		—		6,598
Foreign currency derivative assets	95		—		95		755		—		755

Liabilities
Commodity derivative liabilities	(1,343)		—		(1,343)		(2,494)		—		(2,494)
Foreign currency derivative liabilities	(205)		—		(205)		(1,397)		—		(1,397)
Sales contract derivative liabilities	—		(2,638)		(2,638)		—		(778)		(778)

Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation

The carrying amounts and estimated fair values of our debt obligations recorded in the Consolidated Balance Sheets consisted of the following:


	December 28, 2025				December 29, 2024
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs	$	(899,600)	$	(831,572)	$	(900,000)	$	(777,033)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(791,946)		(775,458)		(850,342)		(789,304)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs	(917,852)		(988,878)		(974,381)		(1,001,178)
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs	(492,251)		(555,740)		(491,329)		(533,650)
Live Oak CHP Project Pace Loan 5.15%, at Level 3 inputs	(19,163)		(18,376)		(20,599)		(18,569)

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The activity in goodwill by reportable segment for the years ended December 28, 2025 and December 29, 2024 were as follows:


	December 29, 2024		Currency Translation		December 28, 2025
	(In thousands)
U.S.	$	41,936	$	—	$	41,936
Europe	1,097,643		86,277		1,183,920
Mexico	99,494		13,534		113,028
Total	$	1,239,073	$	99,811	$	1,338,884


	December 31, 2023		Currency Translation		December 29, 2024
	(In thousands)
U.S.	$	41,936	$	—	$	41,936
Europe	1,116,521		(18,878)		1,097,643
Mexico	127,804		(28,310)		99,494
Total	$	1,286,261	$	(47,188)	$	1,239,073

Schedule of Intangible Assets

Intangible assets consisted of the following:


	December 29, 2024		Amortization		Currency Translation		December 28, 2025
	(In thousands)
Carrying amount
Trade names not subject to amortization	$	569,357	$	—	$	44,179	$	613,536
Trade names subject to amortization	112,016		—		2,746		114,762
Customer relationships	431,861		—		24,554		456,415
Accumulated amortization
Trade names	(61,527)		(3,957)		(568)		(66,052)
Customer relationships	(245,473)		(29,165)		(11,957)		(286,595)
Total	$	806,234	$	(33,122)	$	58,954	$	832,066


	December 31, 2023		Amortization		Currency Translation		December 29, 2024
	(In thousands)
Carrying amount
Trade names not subject to amortization	$	580,473	$	—	$	(11,116)	$	569,357
Trade names subject to amortization	112,681		—		(665)		112,016
Customer relationships	441,719		—		(9,858)		431,861
Accumulated amortization
Trade names	(57,762)		(3,893)		128		(61,527)
Customer relationships	(223,128)		(28,503)		6,158		(245,473)
Total	$	853,983	$	(32,396)	$	(15,353)	$	806,234

Schedule of Intangible Assets Amortization Over the Estimated Useful Lives

Intangible assets are amortized over the estimated useful lives of the assets as follows:


Trade names subject to amortization			15-20 years
Customer relationships			3-18 years

REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 28, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenue

Revenue has been disaggregated into the following categories below to show how economic factors affect the nature, amount, timing, and uncertainty of revenue and cash flows:


	Year Ended December 28, 2025
	Fresh		Prepared		Export		Other(a)		Total
	(In thousands)
U.S.	$	8,892,558	$	1,316,423	$	451,284	$	338,467	$	10,998,732
Europe	1,607,792		3,150,863		578,259		41,951		5,378,865
Mexico	1,763,169		239,426		—		117,361		2,119,956
Total net sales	$	12,263,519	$	4,706,712	$	1,029,543	$	497,779	$	18,497,553


	Year Ended December 29, 2024
	Fresh		Prepared		Export		Other(a)		Total
	(In thousands)
U.S.	$	8,731,904	$	1,094,818	$	468,553	$	334,654	$	10,629,929
Europe	1,178,459		3,381,178		477,486		99,624		5,136,747
Mexico	1,777,815		220,270		—		113,530		2,111,615
Total net sales	$	11,688,178	$	4,696,266	$	946,039	$	547,808	$	17,878,291


	Year Ended December 31, 2023
	Fresh		Prepared		Export		Other(a)		Total
	(In thousands)
U.S.	$	8,105,268	$	978,423	$	533,205	$	410,846	$	10,027,742
Europe	1,074,900		3,525,359		472,657		130,406		5,203,322
Mexico	1,796,670		212,651		—		121,832		2,131,153
Total net sales	$	10,976,838	$	4,716,433	$	1,005,862	$	663,084	$	17,362,217

(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:


	Year Ended December 28, 2025
	Retail		Foodservice		Export		Other		Total
	(In thousands)
U.S.	$	6,129,565	$	4,024,380	$	451,284	$	393,503	$	10,998,732
Europe	3,331,499		932,128		578,259		536,979		5,378,865
Mexico(a)	570,112		942,019		—		607,825		2,119,956
Total net sales	$	10,031,176	$	5,898,527	$	1,029,543	$	1,538,307	$	18,497,553


	Year Ended December 29, 2024
	Retail		Foodservice		Export		Other		Total
	(In thousands)
U.S.	$	5,708,826	$	4,029,197	$	468,553	$	423,353	$	10,629,929
Europe	3,257,803		846,284		477,486		555,174		5,136,747
Mexico(a)	531,724		982,429		—		597,462		2,111,615
Total net sales	$	9,498,353	$	5,857,910	$	946,039	$	1,575,989	$	17,878,291


	Year Ended December 31, 2023
	Retail		Foodservice		Export		Other		Total
	(In thousands)
U.S.	$	5,111,023	$	3,829,397	$	533,205	$	554,117	$	10,027,742
Europe	3,220,272		917,304		472,657		593,089		5,203,322
Mexico(a)	502,408		986,567		—		642,178		2,131,153
Total net sales	$	8,833,703	$	5,733,268	$	1,005,862	$	1,789,384	$	17,362,217

Schedule of Changes in Revenue Contract Liability

Changes in the revenue contract liability balances for the years ended December 28, 2025 and December 29, 2024 were as follows:


	December 28, 2025		December 29, 2024
	(In thousands)
Balance, beginning of year	$	48,898	$	84,958
Revenue recognized	(45,443)		(82,331)
Cash received, excluding amounts recognized as revenue during the period	34,167		46,271
Balance, end of year	$	37,622	$	48,898

STOCKHOLDERS' EQUITY - Schedule of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	$ 4,253,396	$ 3,344,577	$ 2,853,276
Total other comprehensive income (loss), net of tax	323,278	(193,817)	159,965
Balance, end of year	3,693,731	4,253,396	3,344,577
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(370,300)	(176,483)	(336,448)
Other comprehensive income (loss) before reclassifications	321,409	(208,519)
Amounts reclassified from accumulated other comprehensive loss to net income	1,657	15,089
Currency translation	212	(387)
Total other comprehensive income (loss), net of tax	323,278	(193,817)	159,965
Balance, end of year	(47,022)	(370,300)	(176,483)
Losses Related to Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(337,243)	(114,850)
Other comprehensive income (loss) before reclassifications	324,025	(222,393)
Amounts reclassified from accumulated other comprehensive loss to net income	0	0
Currency translation	0	0
Total other comprehensive income (loss), net of tax	324,025	(222,393)
Balance, end of year	(13,218)	(337,243)	(114,850)
Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(2,007)	(1,914)
Other comprehensive income (loss) before reclassifications	(2,318)	1,767
Amounts reclassified from accumulated other comprehensive loss to net income	2,814	(1,849)
Currency translation	36	(11)
Total other comprehensive income (loss), net of tax	532	(93)
Balance, end of year	(1,475)	(2,007)	(1,914)
Losses Related to Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(31,028)	(59,714)
Other comprehensive income (loss) before reclassifications	(185)	12,062
Amounts reclassified from accumulated other comprehensive loss to net income	(1,275)	17,000
Currency translation	176	(376)
Total other comprehensive income (loss), net of tax	(1,284)	28,686
Balance, end of year	(32,312)	(31,028)	(59,714)
Losses on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of year	(22)	(5)
Other comprehensive income (loss) before reclassifications	(113)	45
Amounts reclassified from accumulated other comprehensive loss to net income	118	(62)
Currency translation	0	0
Total other comprehensive income (loss), net of tax	5	(17)
Balance, end of year	$ (17)	$ (22)	$ (5)

INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 28, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Costs and Income Tax Benefit

Compensation costs and the income tax benefit recognized for our stock-based compensation arrangements are included below:


	2025		2024		2023
	(In thousands)
Equity-based awards compensation cost
Cost of sales	$	3,233	$	2,439	$	629
Selling, general and administrative expense	26,121		12,975		6,958
Total cost	29,354		15,414		7,587
Income tax benefit	7,206		3,730		1,836
Net cost	$	22,148	$	11,684	$	5,751

Liability-based awards compensation cost
Selling, general and administrative expense(a)	$	5,453	$	(1,953)	$	2,491
Income tax benefit (expense)	1,339		(473)		603
Net cost(a)	$	4,114	$	(1,480)	$	1,888

Schedule of RSU Activity

The Company’s RSU activity is included below:


	2025			2024			2023
	Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Equity-based RSUs
Outstanding at beginning of year	1,572	$	25.27	911	$	22.40	993	$	22.00
Granted	1,156	47.72		979	26.80		324	23.67
Vested	(425)	26.76		(187)	21.76		(378)	22.25
Awards forfeited	(153)	29.38		(131)	21.70		(28)	24.99
Outstanding at end of year	2,150	$	36.75	1,572	$	25.27	911	$	22.40


	2025			2024			2023
	Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)		Number	Weighted Average Milestone Date Fair Value(a)
	(In thousands, except weighted average fair values)
Liability-based RSUs
Outstanding at beginning of year	24	$	45.92	242	$	27.66	377	$	23.80
Granted	245	52.65		—	—		158	24.21
Vested	(15)	45.39		—	—		(196)	25.27
Forfeited	(9)	45.92		(218)	34.32		(97)	22.81
Outstanding at end of year	245	$	39.82	24	$	45.92	242	$	27.66

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 28, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Assets and liabilities measured at fair value must be categorized into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation:


Level 1						Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date;

Level 2						Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability; or

Level 3						Unobservable inputs, such as discounted cash flow models or valuations.

The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement in its entirety.

As of December 28, 2025 and December 29, 2024, the Company held fixed income securities, derivative assets and derivative liabilities that were required to be measured at fair value on a recurring basis. Fixed income securities consist of investments, such as money market funds and commercial paper. Derivative assets and liabilities consist of long and short positions on exchange-traded commodity futures instruments, commodity options instruments, sales contracts instruments, foreign currency instruments to manage translation and remeasurement risk.

The following items were measured at fair value on a recurring basis:


	December 28, 2025				December 29, 2024
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets
Fixed income securities	$	520,899	$	—	$	520,899	$	1,712,917	$	—	$	1,712,917
Commodity derivative assets	9,509		—		9,509		6,598		—		6,598
Foreign currency derivative assets	95		—		95		755		—		755

Liabilities
Commodity derivative liabilities	(1,343)		—		(1,343)		(2,494)		—		(2,494)
Foreign currency derivative liabilities	(205)		—		(205)		(1,397)		—		(1,397)
Sales contract derivative liabilities	—		(2,638)		(2,638)		—		(778)		(778)

See “Note 4. Derivative Financial Instruments” and “Note 7. Investments in Securities” for additional information.

The valuation of financial assets and liabilities classified in Level 1 is based upon unadjusted quoted prices for identical assets or liabilities in active markets. The valuation of financial assets and liabilities in Level 2 is determined using a market approach based upon quoted prices for similar assets and liabilities in active markets or other inputs that are observable for substantially the full term of the financial instrument. The valuation of financial assets in Level 3 is determined using an income approach based on unobservable inputs such as discounted cash flow models or valuations. For each class of assets and liabilities not measured at fair value in the Consolidated Balance Sheets but for which fair value is disclosed, the Company is not required to provide the quantitative disclosure about significant unobservable inputs used in fair value measurements categorized within Level 3 of the fair value hierarchy.

In addition to the fair value disclosure requirements related to financial instruments carried at fair value, accounting standards require interim disclosures regarding the fair value of all of the Company’s financial instruments. The methods and significant assumptions used to estimate the fair value of financial instruments and any changes in methods or significant assumptions from prior periods are also required to be disclosed. There were no changes to methods or significant assumptions from prior periods.

The carrying amounts and estimated fair values of our debt obligations recorded in the Consolidated Balance Sheets consisted of the following:


	December 28, 2025				December 29, 2024
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs	$	(899,600)	$	(831,572)	$	(900,000)	$	(777,033)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(791,946)		(775,458)		(850,342)		(789,304)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs	(917,852)		(988,878)		(974,381)		(1,001,178)
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs	(492,251)		(555,740)		(491,329)		(533,650)
Live Oak CHP Project Pace Loan 5.15%, at Level 3 inputs	(19,163)		(18,376)		(20,599)		(18,569)

See “Note 13. Debt” for additional information.

The carrying amounts of our cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable and certain other liabilities approximate their fair values due to their relatively short maturities. Derivative assets were recorded at fair value based on quoted market prices and are included in the line item Prepaid expenses and other current assets on the Consolidated Balance Sheets. Derivative liabilities were recorded at fair value based on quoted market prices and are included in the line item Accrued expenses and other current liabilities on the Consolidated Balance Sheets. The

fair values of the Company’s Level 2 fixed-rate debt obligations were based on the quoted market price at December 28, 2025 or December 29, 2024, as applicable.

In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records certain assets and liabilities at fair value on a nonrecurring basis. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges when required by U.S. GAAP. There were no significant fair value measurement losses recognized for such assets and liabilities in the periods reported.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Property, Plant and Equipment [Line Items]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Finance lease assets	$ 4,990	$ 4,275
PP&E, gross	7,893,803	7,094,938
Accumulated depreciation	(4,360,776)	(3,957,047)
PP&E, net	3,533,027	3,137,891
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment	220,462	215,305
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment	2,445,820	2,307,851
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	4,417,923	4,137,561
Autos and trucks
Property, Plant and Equipment [Line Items]
Property, plant and equipment	137,293	130,013
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 667,315	$ 299,933

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 28, 2025

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in AOCL during 2025 and 2024:


	2025
	Losses Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Losses on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(337,243)	$	(2,007)	$	(31,028)	$	(22)	$	(370,300)
Other comprehensive income (loss) before reclassifications	324,025		(2,318)		(185)		(113)		321,409
Amounts reclassified from accumulated other comprehensive loss to net income	—		2,814		(1,275)		118		1,657
Currency translation	—		36		176		—		212
Net current year other comprehensive income (loss)	324,025		532		(1,284)		5		323,278
Balance, end of year	$	(13,218)	$	(1,475)	$	(32,312)	$	(17)	$	(47,022)


	2024
	Losses Related to Foreign Currency Translation		Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges		Losses Related to Pension and Other Postretirement Benefits		Losses on Available-for-Sale Securities		Total
	(In thousands)
Balance, beginning of year	$	(114,850)	$	(1,914)	$	(59,714)	$	(5)	$	(176,483)
Other comprehensive income (loss) before reclassifications	(222,393)		1,767		12,062		45		(208,519)
Amounts reclassified from accumulated other comprehensive loss to net income	—		(1,849)		17,000		(62)		15,089
Currency translation	—		(11)		(376)		—		(387)
Net current year other comprehensive income (loss)	(222,393)		(93)		28,686		(17)		(193,817)
Balance, end of year	$	(337,243)	$	(2,007)	$	(31,028)	$	(22)	$	(370,300)

Schedule of Reclassification from Accumulated Other Comprehensive Loss


Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss(a)				Affected Line Item in the Consolidated Statements of Income
	2025		2024
	(In thousands)
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedges	$	(2,836)	$	1,367	Net sales
Realized gain on settlement of foreign currency derivatives classified as cash flow hedge	22		482		Cost of sales

Realized gain (loss) on sale of securities	(156)		82		Interest income
Realized gain (loss) on settlement of pension obligation from plan termination(b)	1,611		(21,714)		Miscellaneous, net
Amortization of pension and other postretirement plan actuarial losses(b)	79		(816)		Miscellaneous, net
Total before tax	(1,280)		(20,599)
Tax benefit (expense)	(377)		5,510
Total reclassification for the period	$	(1,657)	$	(15,089)

(a)Positive amounts represent income to the results of operations while amounts in parentheses represent expenses to the results of operations.

(b)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 15. Pension and Other Postretirement Benefits.”

GOODWILL AND INTANGIBLE ASSETS - Useful Life of Assets (Details)	Dec. 28, 2025
Trade names subject to amortization \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life (in years)	15 years
Trade names subject to amortization \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life (in years)	20 years
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life (in years)	3 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful life (in years)	18 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 24: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 26: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 27: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 28: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483154/926-20-50-5

+ Details

INCENTIVE COMPENSATION - Schedule of RSU Activity (Details) - $ / shares	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Equity-based RSUs
Number
Outstanding at beginning of year (in shares)	1,572,000	911,000	993,000
Granted (in shares)	1,156,000	979,000	324,000
Vested (in shares)	(425,000)	(187,000)	(378,000)
Forfeited (in shares)	(153,000)	(131,000)	(28,000)
Outstanding at end of year (in shares)	2,150,000	1,572,000	911,000
Weighted Average Milestone Date Fair Value
Outstanding at beginning of year (in dollars per share)	$ 25.27	$ 22.40	$ 22.00
Granted (in dollars per share)	47.72	26.80	23.67
Vested (in dollars per share)	26.76	21.76	22.25
Awards forfeited (in dollars per share)	29.38	21.70	24.99
Outstanding at end of year (in dollars per share)	$ 36.75	$ 25.27	$ 22.40
Liability-based RSUs
Number
Outstanding at beginning of year (in shares)	24,000	242,000	377,000
Granted (in shares)	245,000	0	158,000
Vested (in shares)	(15,000)	0	(196,000)
Forfeited (in shares)	(9,000)	(218,000)	(97,000)
Outstanding at end of year (in shares)	245,000	24,000	242,000
Weighted Average Milestone Date Fair Value
Outstanding at beginning of year (in dollars per share)	$ 45.92	$ 27.66	$ 23.80
Granted (in dollars per share)	52.65	0	24.21
Vested (in dollars per share)	45.39	0	25.27
Awards forfeited (in dollars per share)	45.92	34.32	22.81
Outstanding at end of year (in dollars per share)	$ 39.82	$ 45.92	$ 27.66

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	$ 6,263	$ 10,764	$ 11,322
Estimated return on plan assets	(8,040)	(11,106)	(10,393)
Settlement loss (gain)	(1,611)	21,714	0
Expenses paid from assets	412	320	327
Amortization of net loss (gain)	(97)	798	1,048
Amortization of past service cost	18	18	17
Net cost (income)	(3,055)	22,508	2,321
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	53	53	54
Estimated return on plan assets	0	0	0
Settlement loss (gain)	0	0	0
Expenses paid from assets	0	0	0
Amortization of net loss (gain)	(2)	0	0
Amortization of past service cost	0	0	0
Net cost (income)	$ 51	$ 53	$ 54

REPORTABLE SEGMENTS

12 Months Ended

Dec. 28, 2025

Segment Reporting [Abstract]

REPORTABLE SEGMENTS

The Company operates in three reportable segments: U.S., Europe and Mexico. The Company’s reportable segments are identified by a combination of factors, including geographic area, regulatory environment, economic environment and product portfolios. Each reportable segment is managed separately through a local management team. The results of each operating, or reportable, segment are provided to the chief operating decision maker (“CODM”) on a regular basis. The Company’s CODM is the President and Chief Executive Officer. The information provided to the CODM at the operating segment level is then used to assess performance and make decisions regarding allocation of key resources. The CODM primarily measures segment profit and evaluates performance based on operating income. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

We conduct separate operations in the continental U.S. and in Puerto Rico. For segment reporting purposes, the Puerto Rico operations are included in the U.S. reportable segment. The chicken products processed by the U.S. reportable segment are sold to foodservice, retail and frozen entrée customers. The segment’s primary distribution is through retailers, foodservice distributors and restaurants.

The Europe reportable segment processes primarily fresh chicken, pork products, lamb products, specialty meats, ready meals and other prepared foods that are sold to foodservice, retail and direct to consumer customers. The segment’s primary distribution is through retailers, foodservice distributors and restaurants.

The chicken products processed by the Mexico reportable segment are sold to foodservice, retail and frozen entrée customers. The segment’s primary distribution is through retailers, foodservice distributors and restaurants.

Additional information regarding reportable segments is as follows:


	Year Ended
	December 28, 2025(a)		December 29, 2024(a)		December 31, 2023(b)
	(In thousands)
Net sales
U.S.	$	10,998,732	$	10,629,929	$	10,027,742
Europe	5,378,865		5,136,747		5,203,322
Mexico	2,119,956		2,111,615		2,131,153
Total net sales	$	18,497,553	$	17,878,291	$	17,362,217


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Cost of sales
U.S.	$	9,364,633	$	9,065,837	$	9,505,258
Europe	4,886,105		4,675,080		4,828,623
Mexico	1,888,672		1,824,607		1,909,721
Eliminations	—		—		214
Total cost of sales	$	16,139,410	$	15,565,524	$	16,243,816


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Gross profit
U.S.	$	1,634,099	$	1,564,092	$	522,484
Europe	492,760		461,667		374,699
Mexico	231,284		287,008		221,432
Eliminations	—		—		(214)
Total gross profit	$	2,358,143	$	2,312,767	$	1,118,401


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Selling, general administrative expenses
U.S.	$	460,695	$	451,091	$	283,590
Europe	189,009		198,586		202,203
Mexico	63,546		63,633		65,977
Total SG&A expenses	$	713,250	$	713,310	$	551,770


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Restructuring activities charges
Europe	$	31,354	$	93,388	$	44,345


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Operating income
U.S.	$	1,173,404	$	1,113,001	$	238,894
Europe	272,397		169,693		128,151
Mexico	167,738		223,375		155,455
Eliminations	—		—		(214)
Total operating income	$	1,613,539	$	1,506,069	$	522,286


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Reconciliation of profit or loss (segment operating income)
Total segment operating income	$	1,613,539	$	1,506,069	$	522,286
Interest expense, net of capitalized interest	161,388		161,175		202,272
Interest income	(51,118)		(72,666)		(35,651)
Foreign currency transaction losses (gains)	6,777		(10,025)		20,570
Miscellaneous, net	(5,646)		15,316		(30,127)
Income before income taxes	1,502,138		1,412,269		365,222
Income tax expense	418,794		325,046		42,905
Net income	$	1,083,344	1,087,223		$	322,317


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Interest expense
U.S.	$	158,318	$	166,002	$	208,000
Europe	2,395		2,237		1,728
Mexico	675		1,191		558
Eliminations	—		(8,255)		(8,014)
Total interest expense	$	161,388	$	161,175	$	202,272


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Interest income
U.S.	$	29,470	$	32,218	$	13,987
Europe	5,015		16,233		4,656
Mexico	16,633		32,470		25,022
Eliminations	—		(8,255)		(8,014)
Total interest income	$	51,118	$	72,666	$	35,651


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Income tax expense
U.S.	$	313,935	$	237,550	$	(5,848)
Europe	53,100		10,750		23,378
Mexico	51,759		76,746		25,375
Total income tax expense	$	418,794	$	325,046	$	42,905


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Depreciation and amortization
U.S.	$	288,495	$	270,618	$	255,052
Europe	145,375		140,993		142,190
Mexico	22,287		22,011		22,658
Total	$	456,157	$	433,622	$	419,900


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Capital expenditures(a)
U.S.	$	508,458	$	336,973	$	417,919
Europe	120,042		91,177		109,590
Mexico	90,026		30,306		30,244
Total	$	718,526	$	458,456	$	557,753

(a)Capital expenditures incurred include those that were paid out in cash and those that are still outstanding in accounts payable as of the end of each of the last three fiscal years.


	December 28, 2025		December 29, 2024
	(In thousands)
Total assets
U.S.	$	7,023,156	$	7,848,510
Europe	4,376,305		4,051,150
Mexico	1,132,834		1,172,728
Eliminations	(2,188,765)		(2,421,812)
Total	$	10,343,530	$	10,650,576


	December 28, 2025		December 29, 2024
	(In thousands)
Long-lived assets(a)
U.S.	$	2,376,549	$	2,156,858
Europe	1,040,986		979,116
Mexico	377,164		261,518
Eliminations	(3,888)		(3,888)
Total	$	3,790,811	$	3,393,604


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Net sales to customers by customer location
U.S.	$	10,550,171	$	10,165,049	$	9,496,709
Europe	5,299,020		5,087,606		5,148,931
Mexico	2,154,325		2,160,490		2,180,418
Asia-Pacific	329,801		303,570		384,946
Canada, Caribbean and Central America	78,478		89,068		72,339
Africa	54,936		52,329		66,519
South America	30,822		20,179		12,355
Total	$	18,497,553	$	17,878,291	$	17,362,217

Information regarding net sales attributable to each of our primary product lines and markets served with those products is included in “Note 2. Revenue Recognition.” We based the table on our internal sales reports and their classification of products.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

LEASES - Schedule of Weighted-Average Remaining Lease Term and Discount Rate (Details)	Dec. 28, 2025	Dec. 29, 2024
Weighted-average remaining lease term:
Operating leases	6 years 18 days	6 years 1 month 9 days
Finance leases	2 years 4 months 20 days	3 years 4 months 6 days
Weighted-average discount rate:
Operating leases	5.09%	4.53%
Finance leases	2.90%	2.66%

INCOME TAXES - Schedule of Income (Loss) Before Income Taxes by Jurisdiction (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S.	$ 1,363,533	$ 1,428,497	$ 26,887
Foreign	138,605	(16,228)	338,335
Income before income taxes	$ 1,502,138	$ 1,412,269	$ 365,222

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

SUPPLIER FINANCE PROGRAMS - Narrative (Details)	12 Months Ended
SUPPLIER FINANCE PROGRAMS - Narrative (Details)	Dec. 28, 2025
Supplier Finance Program [Line Items]
Supplier Finance Program Obligation Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	supplier finance programs
Minimum
Supplier Finance Program [Line Items]
Supplier finance program, payment timing period (in days)	65 days
Maximum
Supplier Finance Program [Line Items]
Supplier finance program, payment timing period (in days)	120 days

INCOME TAXES - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Amount [Abstract]
U.S. federal statutory tax rate	$ 315,449	$ 296,577	$ 76,697
Changes in valuation allowances	820	3,278	(1,071)
Effect of cross-border tax laws
Global intangible low-taxed income	(434)	1,501	9,294
Other	6,502	5,936	(2,986)
Nontaxable or nondeductible items
Other	9,225	4,981	2,887
Tax credits
Foreign tax credit	0	0	(5,530)
Other	3,308	(7,534)	(2,267)
State and local income taxes, net of federal income tax effect	74,849	28,517	(13,031)
Total Current and Deferred	$ 418,794	$ 325,046	$ 42,905
Percent [Abstract]
U.S. federal statutory tax rate	21.00%	21.00%	21.00%
Changes in valuation allowances	0.10%	0.20%	(0.30%)
Effect of cross-border tax laws
Global intangible low-taxed income	0.00%	0.10%	2.60%
Other	0.30%	0.40%	(0.80%)
Nontaxable or nondeductible items
Other	0.60%	0.30%	0.80%
Tax credits
Foreign tax credit	0.00%	0.00%	(1.50%)
Other	0.20%	(0.50%)	(0.60%)
State and local income taxes, net of federal income tax effect	5.00%	2.00%	(3.60%)
Total	28.00%	23.00%	11.70%
Ireland
Amount [Abstract]
Changes in valuation allowances	$ (1,348)	$ (1,767)	$ 2,286
Tax credits
Other	0	2,500	843
Statutory income tax rate differential	$ 94	$ 963	$ 2,177
Percent [Abstract]
Changes in valuation allowances	(0.10%)	(0.10%)	0.60%
Tax credits
Other	0.00%	0.20%	0.20%
Statutory income tax rate differential	0.00%	0.10%	0.60%
Luxembourg
Amount [Abstract]
Changes in valuation allowances	$ 799	$ 752	$ 618
Tax credits
Other	1,495	22	11
Statutory income tax rate differential	1,498	1,699	2,435
Imputed interest on intercompany financing	$ (14,754)	$ (14,907)	$ (15,871)
Percent [Abstract]
Changes in valuation allowances	0.10%	0.10%	0.20%
Tax credits
Other	0.10%	0.00%	0.00%
Statutory income tax rate differential	0.10%	0.10%	0.70%
Imputed interest on intercompany financing	(1.00%)	(1.10%)	(4.30%)
Malta
Tax credits
Statutory income tax rate differential	$ (1,043)	$ (899)	$ 5,508
Notional deduction against interest income	0	0	(12,392)
Notional deduction carryforward from prior year	(24)	(25,963)	0
Other	$ (523)	$ (451)	$ (1,082)
Tax credits
Statutory income tax rate differential	(0.10%)	(0.10%)	1.50%
Notional deduction against interest income	0.00%	0.00%	(3.40%)
Notional deduction carryforward from prior year	0.00%	(1.80%)	0.00%
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent	0.00%	0.00%	(0.30%)
Mexico
Amount [Abstract]
Changes in valuation allowances	$ (111)	$ 180	$ (1,028)
Tax credits
Statutory income tax rate differential	16,046	24,116	18,026
Other	9,610	(2,109)	4,594
Non taxable and nondeductible items	3,054	294	348
Foreign currency translation	$ 5,563	$ (6,222)	$ (29,437)
Percent [Abstract]
Changes in valuation allowances	0.00%	0.00%	(0.30%)
Tax credits
Statutory income tax rate differential	1.10%	1.70%	4.90%
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent	0.60%	(0.10%)	1.30%
Non taxable and nondeductible items	0.20%	0.00%	0.10%
Foreign currency translation	0.40%	(0.40%)	(8.10%)
United Kingdom
Amount [Abstract]
Changes in valuation allowances	$ (3,004)	$ (18,221)	$ 14,155
Tax credits
Other	2,807	5,250	(6,478)
Statutory income tax rate differential	5,360	2,622	875
Federal tax credit carryforward adjustment from prior years	$ 0	$ 19,168	$ 592
Percent [Abstract]
Changes in valuation allowances	(0.20%)	(1.30%)	3.90%
Tax credits
Other	0.20%	0.40%	(1.80%)
Statutory income tax rate differential	0.40%	0.20%	0.20%
Federal tax credit carryforward adjustment from prior years	0.00%	1.40%	0.20%
Other foreign jurisdictions
Tax credits
Statutory income tax rate differential	$ 2,776	$ 545	$ 1,920
Tax credits
Statutory income tax rate differential	0.20%	0.00%	0.50%

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 28, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

RESTRUCTURING-RELATED ACTIVITIES

12 Months Ended

Dec. 28, 2025

Restructuring and Related Activities [Abstract]

RESTRUCTURING-RELATED ACTIVITIES

In 2022, the Company began restructuring initiatives in its Europe reportable segment. Additional restructuring initiatives also commenced in 2023 and 2024. The purpose of our ongoing restructuring activities is to integrate central operations and reallocate processing capacities between production facilities resulting in closures of some facilities in the Europe reportable segment.

The following table provides a summary of our estimates of timelines and costs associated with these restructuring initiatives by major type of cost:


	Pilgrim’s Food Masters 2024		Pilgrim’s Europe Central		Total
	(In thousands)
Earliest implementation date	April 2024		January 2024
Predominant completion date	March 2025		June 2025
Costs incurred and expected to be incurred
Employee-related costs	$	19,413	$	53,350	$	72,763
Asset impairment costs	10,865		1,855		12,720
Contract termination costs	845		1,745		2,590
Other exit and disposal costs(a)	7,938		5,584		13,522
Total exit and disposal costs(b)	$	39,061	$	62,534	$	101,595
Costs incurred since earliest implementation date
Employee-related costs	$	19,413	$	53,350	$	72,763
Asset impairment costs	10,865		1,855		12,720
Contract termination costs	845		1,745		2,590
Other exit and disposal costs(a)	7,938		5,584		13,522
Total exit and disposal costs(b)	$	39,061	$	62,534	$	101,595

(a)Comprised of other costs directly related to the restructuring initiatives including flock depletion, the write-off of prepaid maintenance costs, consulting fees, and costs to return leased assets to original configuration.

(b)All costs, except for asset impairment costs, are estimated to result in cash outlays.

During 2025, the Company recognized the following expenses and paid the following cash related to each restructuring initiative:


	Expenses		Cash Outlays
	(In thousands)
Pilgrim’s Food Masters 2024	$	(1,672)	$	4,676
Pilgrim’s Europe Central	29,839		24,591
Prior programs substantially complete	3,187		2,480
Total	$	31,354	$	31,747

These expenses are reported in the line item Restructuring activities on the Consolidated Statements of Income.

The following tables reconcile liabilities and reserves associated with each restructuring initiative during 2025. Ending liability balances for employee termination benefits and other charges are reported in the line item Accrued expenses and other current liabilities in our Consolidated Balance Sheets. The ending reserve balance for inventory adjustments is reported in the line item Inventories in our Consolidated Balance Sheets. During 2025, there were no material movements in reserves related to substantially completed programs. These programs have been excluded from the tables below.


	Pilgrim’s Food Masters 2024
	Liability or reserve as of December 29, 2024		Restructuring charges incurred		Cash payments and disposals		Currency translation		Liability or reserve as of December 28, 2025
	(In thousands)
Employee retention benefits	$	76	$	139	$	(218)	$	3	$	—
Severance	1,620		(354)		(1,332)		66		—
Asset impairment	—		58		(58)		—		—
Inventory adjustments	—		(34)		34		—		—
Lease termination	290		(302)		(6)		18		—
Other charges	4,787		(1,179)		(3,126)		245		727
Total	$	6,773	$	(1,672)	$	(4,706)	$	332	$	727


	Pilgrim’s Europe Central
	Liability or reserve as of December 29, 2024		Restructuring charges incurred		Cash payments and disposals		Currency translation		Liability or reserve as of December 28, 2025
	(In thousands)
Employee retention benefits	$	—	$	(173)	$	173	$	—	$	—
Severance	2,823		25,566		(23,685)		886		5,590
Asset impairment	—		31		(31)		—		—
Inventory adjustments	91		—		(96)		5		—
Lease termination	—		2,172		(2,293)		121		—
Other charges	67		2,246		(6)		28		2,335
Contract termination	1,223		(3)		(1,073)		80		227
Total	$	4,204	$	29,839	$	(27,011)	$	1,120	$	8,152

DEBT

12 Months Ended

Dec. 28, 2025

Debt Disclosure [Abstract]

DEBT

Long-term debt and other borrowing arrangements, including current notes payable to banks, consisted of the following components:


	Maturity	December 28, 2025		December 29, 2024
		(In thousands)
Senior notes payable, net of discount, at 6.875%	2034	$	492,251	$	491,329
Senior notes payable, net of discount, at 6.25%	2033	917,852		974,381
Senior notes payable at 3.50%	2032	899,600		900,000
Senior notes payable, net of discount, at 4.25%	2031	791,946		850,342
U.S. Credit Facility (defined below) at SOFR plus 1.35%	2028	—		—
Europe Credit Facility (defined below) with notes payable at SONIA plus 1.25%	2027	—		—
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35%	2028	—		—
Mexico Bajio Credit Facility (defined below) with notes payable at TIIE plus 1.41%	2030	—		—
Live Oak CHP Project PACE Loan 5.15%	2053	19,163		20,599
Finance lease obligations	Various	1,389		1,792
Long-term debt		3,122,201		3,238,443
Less: Current maturities of long-term debt		(924)		(858)
Long-term debt, less current maturities		3,121,277		3,237,585
Less: Capitalized financing costs		(28,164)		(31,472)
Long-term debt, less current maturities, net of capitalized financing costs		$	3,093,113	$	3,206,113

The future minimum principal payments due in each of the next five fiscal years subsequent to the year ended December 28, 2025, related to the Live Oak CHP Project PACE Loan discussed below, are $0.1 million. See “Note 3. Leases” for future minimum payments of finance lease obligations.

Bond Repurchase Program

On May 1, 2024, the Board approved a bond repurchase program which permits the Company to repurchase an aggregate amount of $200.0 million of the Company’s outstanding senior notes. On May 1, 2025, the Board approved an increase to the bond repurchase program for an additional amount of $500.0 million. In year ended December 28, 2025, the Company repurchased $59.6 million of outstanding principal of the Senior Notes due 2031 (defined below), $0.4 million of outstanding principal of the Senior Notes due 2032 (defined below), and $57.5 million of outstanding principal of the Senior Notes due 2033 (defined below), resulting in $1.0 million gross realized gains recognized. The gross realized gains on early extinguishment of debt are recognized in interest expense. The original discount and capitalized financing costs associated with the amount repurchased are immaterial and are partially offsetting the gross gains on early extinguishment of debt, along with a nominal amount of transaction fees. To date under the program, the Company has repurchased $203.9 million of outstanding principal of the Senior Notes due 2031, $0.4 million of Senior Notes due 2032, and $77.5 million of outstanding principal of the Senior Notes due 2033.

U.S. Senior Notes

U.S. Senior Notes Due 2031

On April 8, 2021, the Company completed a sale of $1.0 billion aggregate principal amount of its 4.25% sustainability-linked unsecured, unregistered senior notes due 2031 (“Senior Notes due 2031”). The Company used the net proceeds, together with cash on hand, to redeem previously issued senior notes. The issuance price of this offering was 98.994%, which created gross proceeds of $989.9 million. The $10.1 million discount will be amortized over the remaining life of the Senior Notes due 2031.

The Senior Notes due 2031 are governed by, and were issued pursuant to, an indenture dated as of April 8, 2021 by and among the Company, its guarantor subsidiaries and Regions Bank, as trustee (the “April 2021 Indenture”). The April 2021 Indenture provides, among other things, that the Senior Notes due 2031 bear interest at a rate of 4.25% per annum payable semi-annually on April 15 and October 15 of each year. From and including October 15, 2026, the interest rate payable on the notes shall be increased to 4.50% per annum unless the Company has notified the trustee at least 30 days prior to October 15, 2026 that in respect of the year ended December 31, 2025, (1) the Company’s greenhouse gas emissions intensity reduction target of 17.679% by December 31, 2025 from a 2019 baseline (the “Sustainability Performance Target”) has been satisfied and (2) the satisfaction of the Sustainability Performance Target has been confirmed by a qualified provider of third-party assurance or attestation services appointed by the Company to review the Company’s statement of the greenhouse gas emissions intensity in accordance with its customary procedures.

U.S. Senior Notes Due 2032

On September 2, 2021, the Company completed a sale of $900.0 million in aggregate principal amount of its 3.50% unsecured, unregistered senior notes due 2032 (“Senior Notes due 2032”). The Company used the proceeds, together with borrowings under the delayed draw term loan under its U.S. Credit Facility, to finance the acquisition of the Kerry Consumer Foods’ meats and meals businesses (now Pilgrim’s Food Masters) and to pay related fees and expenses.

The Senior Notes due 2032 are governed by, and were issued pursuant to, an indenture dated as of September 2, 2021 by and among the Company, its guarantor subsidiaries and Regions Bank, as trustee (the “September 2021 Indenture”). The September 2021 Indenture provides, among other things, that the Senior Notes due 2032 bear interest at a rate of 3.50% per annum payable semi-annually on March 1 and September 1 of each year.

On September 22, 2022, the Company announced the expiration and receipt of the requisite consents in its consent solicitations for certain amendments to the indentures governing its Senior Notes due 2031 and Senior Notes due 2032. The amendments conformed certain provisions and restrictive covenants in each indenture to (1) reflect PPC’s investment-grade status and (2) the corresponding provisions and restrictive covenants set forth in the September 2021 Indenture. The amendments permanently eliminated certain covenants for the Company, including limitations on incurrence of additional debt and issuance of capital stock, restricted payments, asset sales, restrictions on distributions from restricted subsidiaries, affiliate transactions, guarantees of debt by restricted subsidiaries and certain provisions related to mergers and consolidations. In addition, provisions related to limitation on liens, sale and leaseback transactions, substitution of the Company as an issuer and measuring compliance were amended.

U.S. Senior Notes Due 2033

On April 19, 2023, the Company completed a sale of $1.0 billion aggregate principal amount of its 6.25% unsecured, registered senior notes due 2033 (“Senior Notes due 2033”). The Company used the net proceeds to repay the term loans and

the outstanding balance under the U.S. Credit Facility as defined below. The remaining proceeds were used for general corporate purposes, including repaying existing debt. The issuance price of this offering to the public was 99.312%, which created gross proceeds of $993.1 million before transaction costs. The $6.9 million discount will be amortized over the remaining life of the Senior Notes due 2033. The Senior Notes due 2033 bear interest at a rate of 6.25% per annum from the date of issuance until maturity, payable semiannually on January 1 and July 1 of each year.

U.S. Senior Notes Due 2034

On October 12, 2023, the Company completed a sale of $500.0 million aggregate principal amount of its 6.875% unsecured, registered senior notes due 2034 (“Senior Notes due 2034”). The Company used the net proceeds from the offering of the Senior Notes due 2034, together with cash on hand, to repurchase pursuant to a tender offer and redeem all of its outstanding 5.875% Senior Notes due 2027. The issuance price of this offering to the public was 98.041%, which created gross proceeds of $490.2 million before transaction costs. The $9.8 million discount will be amortized over the remaining life of the Senior Notes due 2034. The Senior Notes due 2034 bear interest at a rate of 6.875% per annum from the date of issuance until maturity, payable semiannually in arrears on May 15 and November 15 of each year.

The Senior Notes due 2031, 2032, 2033, and 2034 are the Company’s senior unsecured obligations and will rank equally with all of the Company’s existing and future senior unsecured debt and rank senior to all of the Company’s existing and future subordinated debt.

U.S. Credit Facility

On October 4, 2023, the Company and certain of the Company’s subsidiaries entered into a Revolving Syndicated Facility Agreement (the “U.S. Credit Facility”) with CoBank, ACB as administrative agent and the other lenders party thereto. The U.S. Credit Facility provides for a revolving loan commitment of up to $850 million. The loan commitment matures on October 4, 2028. The U.S. Credit Facility is unsecured and will be used for general corporate purposes. Outstanding borrowings under the U.S. Credit Facility bear interest at a per annum rate equal to either the Secured Overnight Financing Rate (“SOFR”) or the prime rate plus applicable margins based on the Company’s credit ratings. As of December 28, 2025, the Company had outstanding letters of credit and available borrowings under the revolving credit commitment of $4.0 million and $846.0 million, respectively, and there were no outstanding borrowings under this agreement.

The U.S. Credit Facility is not guaranteed by any of the Company’s subsidiaries. Following the Collateral Cure (defined below), each wholly-owned subsidiary of each borrower is required to become a guarantor (other than certain excluded subsidiaries that are not required to become a guarantor).

The U.S. Credit Facility imposes certain limitations and restrictions on the Company and its restricted subsidiaries, including limitations on 1) liens, 2) indebtedness, 3) sales and other dispositions of assets, 4) dividends, distributions, and other payments in respect of equity interest, 5) investments, and 6) voluntary prepayments, redemptions or repurchases of junior debt. In each case, clauses 1 to 6 are subject to certain exceptions which can be material and certain of such clauses only apply to the Company upon the occurrence of certain triggering events. In addition, the U.S. Credit Facility and subject to the Collateral Cure, includes a financial maintenance covenant that requires the Company not to permit its interest coverage ratio to be less than 3.50:1.00, which shall be tested at the end of each fiscal quarter of the Company (the “Financial Maintenance Covenant”).

After the end of any fiscal quarter, the Company may give notice that it will not be in compliance with the Financial Maintenance Covenant and instead may elect to cause the borrowers and each subsidiary guarantor to provide security interests in the collateral that secured the Company’s prior secured credit facility (the “Collateral Cure”). From and after the date of the Collateral Cure, the Financial Maintenance Covenant will no longer be in effect and availability under the U.S.Credit Facility will be limited and subject to collateral coverage utilizing a 75% advance rate on U.S. receivables and a 50% advance rate on U.S. inventory, subject to certain exceptions.

The Company is currently in compliance with the covenants under the U.S. Credit Facility.

Europe Credit Facility

On June 24, 2022, Moy Park Holdings (Europe) Ltd. (“MPH(E)”) and other Pilgrim’s entities located in the U.K. and Republic of Ireland entered into an unsecured multicurrency revolving facility agreement (the “Europe Credit Facility”) with the Governor and Company of the Bank of Ireland, as agent, and the other lenders party thereto. The Europe Credit Facility provides for a multicurrency revolving loan commitment of up to £150.0 million. The loan commitment matures on June 24, 2027. Outstanding borrowings bear interest at the current Sterling Overnight Index Average (“SONIA”) interest rate plus 1.25%. All obligations under this agreement are guaranteed by certain of the Company’s subsidiaries. As of December 28, 2025, both the U.S. dollar-equivalent loan commitment and borrowing availability were $202.5 million and there were no outstanding borrowings under this agreement.

The Europe Credit Facility contains representations and warranties, covenants, indemnities and conditions, in each case, that the Company believes are customary for transactions of this type. Pursuant to the terms of the agreement, the Company is required to meet certain financial and other restrictive covenants. Additionally, the Company is prohibited from taking certain actions without consent of the lenders, including, without limitation, incurring additional indebtedness, entering into certain mergers or other business combination transactions, permitting liens or other encumbrances on its assets and making restricted payments, including dividends, in each case, except as expressly permitted under the Europe Credit Facility. The Company is currently in compliance with the covenants under the Europe Credit Facility.

Mexico BBVA Credit Facility

On December 18, 2025, certain of the Company’s Mexican subsidiaries extended an unsecured credit agreement (the “Mexico BBVA Credit Facility”) with BBVA México as lender. The loan commitment under the Mexico BBVA Credit Facility is Mex$1.3 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico BBVA Credit Facility accrue interest at a rate equal to The Interbank Equilibrium Interest (“TIIE”) rate plus 1.35%. The Mexico BBVA Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico BBVA Credit Facility will be used for general corporate and working capital purposes. The Mexico BBVA Credit Facility will mature on December 18, 2028. As of December 28, 2025, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $71.2 million. As of December 28, 2025, there were no outstanding borrowings under the Mexico BBVA Credit Facility. The Company is currently in compliance with the covenants under the Mexico BBVA Credit Facility.

Mexico Bajio Credit Facility

On October 30, 2025, certain of the Company’s Mexican subsidiaries entered into an unsecured credit agreement (the “Mexico Bajio Credit Facility”) with Banco del Bajio as lender. The loan commitment under the Mexico Bajio Credit Facility is Mex$1.5 billion and can be borrowed on a revolving basis. Outstanding borrowings under the Mexico Bajio Credit Facility accrue interest at a rate equal to TIIE rate plus 1.41%. The Mexico Bajio Credit Facility contains covenants and defaults that the Company believes are customary for transactions of this type. The Mexico Bajio Credit Facility will be used for general corporate and working capital purposes. The Mexico Bajio Credit Facility will mature on October 30, 2030. As of December 28, 2025, the U.S. dollar-equivalent of the loan commitment and borrowing availability was $83.8 million. As of December 28, 2025, there were no outstanding borrowings under the Mexico Bajio Credit Facility. The Company is currently in compliance with the covenants under the Mexico Bajio Credit Facility.

Live Oak CHP Project PACE Loan

On October 10, 2022, the Company entered into a property assessed clean energy (“PACE”) financing program, required by Section 15 of the Property Assessed Clean Energy Act to fund various energy projects, with the city of Live Oak, Florida. The loan bears interest at 5.15%, and is secured by a special assessment on the property. The repayment of the loan is assessed and amortized over a 30-year term, payable in equal annual installments including principal, interest, and assessment administrative fees at the same time and in the same installments as the general taxes on the property. As of December 28, 2025, there were $19.2 million of outstanding principal under the Live Oak CHP Project PACE Loan.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 03, 2025	Jul. 30, 2025	Apr. 17, 2025	Mar. 13, 2025	Dec. 28, 2025
Equity [Abstract]
Preferred stock, shares authorized (in shares)					50,000,000
Preferred stock, par value (in dollars per share)					$ 0.01
Preferred stock, shares issued (in shares)					0
Preferred stock, shares outstanding (in shares)					0
Dividends paid (in dollars per share)		$ 2.10		$ 6.30
Special cash dividend	$ 500.0		$ 1,500.0

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 423,000	$ 401,200	$ 386,800
Expenditures on capital projects	(718,500)	(458,500)
Property, plant and equipment transfers and changes	359,200	633,000
Capital expenditures in accounts payable and accrued expenses	40,200	29,200
Proceeds from property disposals	5,556	15,356	19,784
Gain (loss) on property disposals	3,882	$ 1,779	$ (6,052)
Idled assets property, plant and equipment, net	19,600
Idled asset property, plant and equipment gross	113,900
Idled asset accumulated depreciation	$ (94,300)
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, general and administrative expense
Impairment of property, plant and equipment	$ 500

INCOME TAXES - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits, beginning of year	$ 28,969	$ 37,565
Increase as a result of tax positions taken during prior years	2,831	0
Decrease for lapse in statute of limitations	(74)	(8,300)
Decrease for tax positions of prior years	(65)	(296)
Unrecognized tax benefits, end of year	$ 31,661	$ 28,969

CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Accounts payable
Trade accounts	$ 1,400,186	$ 1,269,417
Book overdrafts	160,068	113,364
Other payables	28,315	28,738
Revenue contract liabilities	37,622	48,898
Accrued expenses and other current liabilities
Compensation and benefits	367,035	346,355
Litigation settlements	152,940	111,769
Accrued sales rebates	135,108	116,439
Insurance and self-insured claims	104,009	76,025
Interest and debt-related fees	64,947	65,192
Taxes	60,577	35,938
Current maturities of operating lease liabilities	$ 59,630	$ 63,327
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Derivative liabilities	$ 8,072	$ 4,669
Other accrued expenses	143,540	195,790
Total accrued expenses and other current liabilities	1,095,858	1,015,504
Total current liabilities	2,765,565	2,491,178
Nonrelated Party
Accounts payable
Accounts payable to related parties	1,588,569	1,411,519
Related Party
Accounts payable
Accounts payable to related parties	$ 43,516	$ 15,257

PENSION AND OTHER POSTRETIREMENT BENEFITS

12 Months Ended

Dec. 28, 2025

Retirement Benefits [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans such as the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”) the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $33.0 million, $56.9 million and $32.0 million in 2025, 2024 and 2023, respectively. The expenses recognized in 2024 include $21.7 million of loss recognized on the settlement of the terminated GK and Union pension plans, defined below.

The Company used a year-end measurement date of December 28, 2025 for its pension and postretirement benefits plans. Certain disclosures are listed below. Other disclosures are not material to the financial statements.

Qualified Defined Benefit Pension Plans

The Company sponsored four qualified defined benefit pension plans named the Pilgrim’s Pride Retirement Plan for Union Employees (the “Union Plan”), the Pilgrim’s Pride Pension Plan for Legacy Gold Kist Employees (the “GK Pension Plan”), the Tulip Limited Pension Plan (the “Tulip Plan”) and the Geo Adams Group Pension Fund (the “Geo Adams Plan” and, together with the Tulip Plan, the “Europe Plans”). The Union Plan covers certain locations or work groups within PPC. The GK Pension Plan covers certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007. Participation in the GK Pension Plan was frozen as of February 8, 2007 for all participants with the exception of terminated vested participants who are or may become permanently and totally disabled. The plan was frozen for that group as of March 31, 2007. The Europe Plans cover certain eligible active and former Europe employees who were employed at locations that the Company purchased through its acquisition of Tulip in 2019. Participation in the Tulip Plan was frozen as of October 31, 2007 and participation in the Geo Adams Plan was frozen as of September 5, 2008.

During 2024, the Company executed a termination of its Union and GK Pension Plans. Under the plan terminations, participants were offered a lump-sum buyout or an annuity placement buyout. As a result, the Company settled $99.6 million of outstanding benefit obligations and recognized a $21.7 million loss on settlement during the year ended December 29, 2024. The loss was recognized in Miscellaneous, net on the Consolidated Statement of Income. Assets of the pension plans were liquidated and funds from liquidation were used to settle the obligations.

Nonqualified Defined Benefit Pension Plans

The Company sponsors two nonqualified defined benefit retirement plans named the Former Gold Kist Inc. Supplemental Executive Retirement Plan (the “SERP Plan”) and the Former Gold Kist Inc. Directors’ Emeriti Retirement Plan (the “Directors’ Emeriti Plan”). Pilgrim’s Pride assumed sponsorship of the SERP Plan and Directors’ Emeriti Plan through its

acquisition of Gold Kist in 2007. The SERP Plan provides benefits on compensation in excess of certain U.S. Internal Revenue Code limitations to certain former executives with whom Gold Kist negotiated individual agreements. Benefits under the SERP Plan were frozen as of February 8, 2007. The Directors’ Emeriti Plan provides benefits to former Gold Kist directors.

Defined Benefit Postretirement Life Insurance Plan

The Company sponsors one defined benefit postretirement life insurance plan named the Gold Kist Inc. Retiree Life Insurance Plan (the “Retiree Life Plan” and together with the Union Plan, the GK Pension Plan, the SERP Plan and the Directors’ Emeriti Plan, the “U.S. Plans”). Pilgrim’s Pride assumed defined benefit postretirement medical and life insurance obligations, including the Retiree Life Plan, through its acquisition of Gold Kist in 2007. In January 2001, Gold Kist began to substantially curtail its programs for active employees. On July 1, 2003, Gold Kist terminated medical coverage for retirees age 65 or older, and only retired employees in the closed group between ages 55 and 65 could continue their coverage at rates above the average cost of the medical insurance plan for active employees. These retired employees all reached the age of 65 in 2012 and liabilities of the postretirement medical plan then ended.

Defined Benefit Plans Obligations and Assets

The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Consolidated Balance Sheets for these plans were as follows:


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Change in projected benefit obligation	(In thousands)
Projected benefit obligation, beginning of year	$	113,730	$	237,508	$	1,144	$	1,160
Interest cost	6,263		10,764		53		53
Actuarial (gains) losses	(2,808)		(20,783)		4		(39)
Benefits paid	(7,838)		(12,671)		(38)		(30)
Curtailments and settlements	1,611		(99,635)		—		—
Currency translation (gain) loss	8,187		(1,453)		—		—
Projected benefit obligation, end of year	$	119,145	$	113,730	$	1,163	$	1,144


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Change in plan assets	(In thousands)
Fair value of plan assets, beginning of year	$	123,926	$	225,451	$	—	$	—
Actual return on plan assets	5,256		5,842		—		—
Contributions by employer	(405)		6,831		38		30
Benefits paid	(7,838)		(12,671)		(38)		(30)
Curtailments and settlements	1,611		(99,635)		—		—
Expenses paid from assets	(413)		(320)		—		—
Currency translation gain (loss)	8,900		(1,572)		—		—
Fair value of plan assets, end of year	$	131,037	$	123,926	$	—	$	—


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Funded status	(In thousands)
Overfunded (unfunded) benefit obligation, end of year	$	11,892	$	10,196	$	(1,163)	$	(1,144)


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Amounts recognized in the Consolidated Balance Sheets as of end of year	(In thousands)
Long-term assets	$	13,531	$	11,829	$	—	$	—
Total assets	$	13,531	$	11,829	$	—	$	—

Current liabilities	$	(218)	$	(205)	$	(215)	$	(201)
Long-term liabilities	(1,421)		(1,428)		(948)		(943)
Total liabilities	$	(1,639)	$	(1,633)	$	(1,163)	$	(1,144)


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Amounts recognized in accumulated other comprehensive loss at end of year	(In thousands)
Net actuarial loss (gain)	$	3,834	$	2,063	$	(102)	$	(126)

The accumulated benefit obligation for the Company’s defined benefit pension plans was $119.1 million and $113.7 million as of December 28, 2025 and December 29, 2024, respectively. As of December 28, 2025, the weighted average duration of our defined benefit obligation is 16.9 years.

Net Periodic Benefit Costs

Net benefit costs include the following components:


	Pension Benefits						Other Benefits
	2025		2024		2023		2025		2024		2023
	(In thousands)
Interest cost	$	6,263	$	10,764	$	11,322	$	53	$	53	$	54
Estimated return on plan assets	(8,040)		(11,106)		(10,393)		—		—		—
Settlement loss (gain)	(1,611)		21,714		—		—		—		—
Expenses paid from assets	412		320		327		—		—		—
Amortization of net loss (gain)	(97)		798		1,048		(2)		—		—
Amortization of past service cost	18		18		17		—		—		—
Net cost (income)	$	(3,055)	$	22,508	$	2,321	$	51	$	53	$	54

Economic Assumptions

The weighted average assumptions used in determining pension and other postretirement plan information were as follows:


	Pension Benefits						Other Benefits
	2025		2024		2023		2025		2024		2023
Benefit obligation
Discount rate	5.49	%	4.68	%	4.81	%	4.67	%	5.30	%	5.06	%
Net pension and other postretirement cost
Discount rate	5.50	%	4.56	%	4.93	%	5.30	%	5.06	%	5.16	%
Expected return on plan assets	6.06	%	6.17	%	4.95	%	NA		NA		NA

The discount rate represents the interest rate used to determine the present value of future cash flows currently expected to be required to settle the Company’s pension and other benefit obligations. The discount rate assumptions used to determine future pension obligations at December 28, 2025 and December 29, 2024 were based on the Empower Above Mean Curve, which was designed by Empower to provide a means for plan sponsors to value the liabilities of their postretirement benefit plans. The Empower Above Mean Curve represents a series of annual discount rates from bonds with an AA minimum average credit quality rating as rated by Moody’s Investor Service, Standard & Poor’s and Fitch Ratings. The expected benefit payments were discounted by each corresponding discount rate on the yield curve. For payments beyond 30 years, the Company extended the curve assuming the discount rate derived in year 30 is extended to the end of the plan’s payment expectations. Once the present value of the string of benefit payments was established, the Company determined the single rate on the yield curve, that when applied to all obligations of the plan, would exactly match the previously determined present value. The discount rate assumptions used to determine future pension obligations for the Europe pension plans at December 28, 2025 and December 29, 2024 were based on corporate bond spot yield curves provided by Merrill Lynch. Merrill Lynch bases this calculation entirely on AA1-AA3 rated bonds. As part of the evaluation of pension and other postretirement assumptions, the Company applied assumptions for mortality that incorporate generational white and blue collar mortality trends. In determining its benefit obligations, the Company used generational tables that take into consideration increases in plan participant longevity. As of December 28, 2025 and December 29, 2024, the U.S. pension and other postretirement benefit plans used variations of the Pri-2012 mortality table. The MP-2021 mortality improvement scale was used for 2025 and 2024. As of December 28, 2025 and December 29, 2024, the Europe pension plans used variations of the AxC00 mortality table in combination with the CMI_2024 Sk=7.0 and CMI_2023 Sk=7.0 mortality improvement scales for 2025 and 2024, respectively, for pre-retirement employees and the S3PMA and S3PFA_M mortality tables in combination with the CMI_2024 Sk=7.0 and CMI_2023 Sk=7.0 mortality improvement scales for 2025 and 2024, respectively, for postretirement employees.

The sensitivity of the projected benefit obligation for pension benefits to changes in the discount rate is set out below. The impact of a change in the discount rate of 0.25% on the projected benefit obligation for other benefits is immaterial. This sensitivity analysis is based on changing one assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to variations in significant actuarial assumptions, the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as that for calculating the liability recognized in the Consolidated Balance Sheets.


	Increase in Discount Rate of 0.25%		Decrease in Discount Rate of 0.25%
	(In thousands)
Impact on projected benefit obligation for pension benefits	$	(3,189)	$	3,358

The expected rate of return on plan assets was primarily based on the determination of an expected return and behaviors for each plan’s current asset portfolio that the Company believes are likely to prevail over long periods. This determination was made using assumptions for return and volatility of the portfolio. Asset class assumptions were set using a combination of empirical and forward-looking analysis. To the extent historical results were affected by unsustainable trends or events, the effects of those trends or events were quantified and removed. The Company also considered anticipated asset allocations, investment strategies and the views of various investment professionals when developing this rate.

Plan Assets

The following table reflects the pension plans’ actual asset allocations:


	2025		2024
Cash and cash equivalents	7	%	21	%
Pooled separate accounts and common collective trust funds for the GK Pension Plan(a):
Fixed income securities	—	%	3	%
Pooled separate accounts for the U.K. Plans(a):
Equity securities	23	%	30	%
Fixed income funds	31	%	24	%
Liability driven investments	30	%	10	%
Real estate	9	%	12	%
Total assets	100	%	100	%

(a)Pooled separate accounts (“PSAs”) and common collective trust funds (“CCTs”) are two of the most common types of alternative vehicles in which benefit plans invest. These investments are pooled funds that look like mutual funds, but they are not registered with the SEC. Often times, they will be invested in mutual funds or other marketable securities, but the unit price generally will be different from the value of the underlying securities because the fund may also hold cash for liquidity purposes, and the fees imposed by the fund are deducted from the fund value rather than charged separately to investors. Some PSAs and CCTs have no restrictions as to their investment strategy and can invest in riskier investments, such as derivatives, hedge funds, private equity funds, or similar investments.

Absent regulatory or statutory limitations, the target asset allocation for the investment of pension assets in the PSAs for the Europe Plans is 12% overseas equity, 16% diversified alternatives, 10% real estate, 48% equity-linked liability driven investments, 9% other liability driven investments and 5% cash for the Tulip Pension Plan; and 78% equity-linked liability driven investments, 17% corporate bonds and 5% cash for the Geo Adams Group Pension Fund. The plans only invest in fixed income and equity instruments for which there is a readily available public market. The Company develops its expected long-term rate of return assumptions based on the historical rates of returns for equity and fixed income securities of the type in which its plans invest.

The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of December 28, 2025 and December 29, 2024:


	2025								2024
	Level 1(a)		Level 2(b)		Level 3(c)		Total		Level 1(a)		Level 2(b)		Level 3(c)		Total
	(In thousands)
Cash and cash equivalents	$	9,448	$	—	$	—	$	9,448	$	26,479	$	—	$	—	$	26,479
PSAs for the Union Plan:
Fixed income funds(f)	—		—		—		—		—		70		—		70
PSAs and CCTs for the GK Pension Plan:
Fixed income funds(f)	—		—		—		—		—		3,152		—		3,152
PSAs for the Europe Plans:
Large U.S. equity funds(d)	—		13,279		—		13,279		—		11,761		—		11,761
International equity funds(e)	—		17,157		—		17,157		—		25,575		—		25,575
Fixed income funds(f)	—		40,562		—		40,562		—		29,715		—		29,715
Real estate(g)	—		11,464		—		11,464		—		15,442		—		15,442
Liability driven investments(h)	—		39,127		—		39,127		—		11,732		—		11,732
Total assets	$	9,448	$	121,589	$	—	$	131,037	$	26,479	$	97,447	$	—	$	123,926

(a)Unadjusted quoted prices in active markets for identical assets are used to determine fair value.

(b)Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value.

(c)Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value.

(d)This category is comprised of investment options that invest in stocks, or shares of ownership, in large, well-established U.S. companies. These investment options typically carry more risk than fixed income options but have the potential for higher returns over longer time periods.

(e)This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S.

(f)This category is comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and non-U.S. entities). These investment options typically carry more risk than short-term fixed income investment options, but less overall risk than equities.

(g)This category is comprised of investment options that invest in real estate investment trusts or private equity pools that own real estate. These long-term investments are primarily in office buildings, industrial parks, apartments or retail complexes. These investment options typically carry more risk, including liquidity risk, than fixed income investment options.

(h)This category is comprised of investments that seek to ensure availability of funds to cover current and future liabilities. These investments are typically focused on both the assets and liabilities of the plan.

Benefit Payments

The following table reflects the benefits as of December 28, 2025 expected to be paid through 2035 from the Company’s pension and other postretirement plans. The Company’s pension plans are primarily funded plans. Therefore, anticipated benefits with respect to these plans will come primarily from the trusts established for these plans. The Company’s other postretirement plans are unfunded. Therefore, anticipated benefits with respect to these plans will come from the Company’s own assets.


	Pension Benefits		Other Benefits
	(In thousands)
2026	$	8,000	$	215
2027	8,162		191
2028	8,407		169
2029	8,509		148
2030	8,542		128
2031-2035	43,412		403
Total	$	85,032	$	1,254

As required by funding regulations or laws, the Company anticipates contributing $0.2 million and less than $0.2 million to its pension and other postretirement plans, respectively, during 2026.

Unrecognized Benefit Amounts in Accumulated Other Comprehensive Loss

The amounts in accumulated other comprehensive loss that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows:


	Pension Benefits						Other Benefits
	2025		2024		2023		2025		2024		2023
	(In thousands)
Net actuarial loss, beginning of year	$	2,063	$	40,487	$	48,121	$	(126)	$	(87)	$	(66)
Amortization	79		(816)		(1,065)		2		—		—
Realized loss (gain) on settlement	1,611		(21,714)		—		—		—		—
Actuarial loss (gain)	(2,809)		(20,782)		238		4		(39)		(21)
Asset loss (gain)	2,714		5,264		(7,317)		18		—		—
Currency translation loss (gain)	176		(376)		510		—		—		—
Net actuarial loss (gain), end of year	$	3,834	$	2,063	$	40,487	$	(102)	$	(126)	$	(87)

Risk Management

Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below:

Asset volatility. The plan liabilities are calculated using a discount rate set with reference to corporate bond yields; if plan assets under perform this yield, this will create a deficit. The pension plans hold a significant proportion of equities, which are expected to outperform corporate bonds in the long-term while contributing volatility and risk in the short-term. The Company monitors the level of investment risk but has no current plan to significantly modify the mixture of investments. The investment position is discussed more below.

Changes in bond yields. A decrease in corporate bond yields will increase plan liabilities, although this will be partially offset by an increase in the value of the plans’ bond holdings.

The investment position is managed and monitored by a committee of individuals from various departments. This group actively monitors how the duration and the expected yield of the investments are matching the expected cash outflows arising from the pension obligations. The group has not changed the processes used to manage its risks from previous periods. The group does not use derivatives to manage its risk. Investments are well diversified, such that the failure of any single investment would not have a material impact on the overall level of assets. The majority of equities are in U.S. large and small cap companies with some global diversification into international entities.

Remeasurement

The Company remeasures both plan assets and obligations on a quarterly basis.

Defined Contribution Plans

The Company sponsors two defined contribution retirement savings plans in the U.S. reportable segment for eligible U.S. and Puerto Rico employees. The Company maintains three postretirement plans for eligible employees in the Mexico reportable segment, as required by Mexico law, which primarily cover termination benefits. The Company maintains two defined contribution retirement savings plans in the Europe reportable segment for eligible Europe employees, as required by Europe law. The Company’s expenses related to its defined contribution plans totaled $33.3 million, $32.5 million and $28.5 million in 2025, 2024 and 2023, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,083,344	$ 1,087,223	$ 322,317
Foreign currency translation adjustment
Gains (losses) arising during the period	324,025	(222,393)	154,975
Derivative financial instruments designated as cash flow hedges
Gains (losses) arising during the period	(2,282)	1,756	(2,565)
Reclassification to net earnings for losses (gains) realized	2,814	(1,849)	1,813
Available-for-sale securities
Gains (losses) arising during the period	(150)	72	(166)
Income tax effect	37	(27)	42
Reclassification to net earnings for losses (gains) realized	156	(82)	175
Income tax effect	(38)	20	(42)
Defined benefit plans
Gains (losses) realized during the period	(11)	15,535	6,751
Income tax effect	2	(3,849)	(1,825)
Reclassification to net earnings of losses (gains) realized	(1,690)	22,530	1,065
Income tax effect	415	(5,530)	(258)
Total other comprehensive income (loss), net of tax	323,278	(193,817)	159,965
Comprehensive income	1,406,622	893,406	482,282
Less: Comprehensive income attributable to noncontrolling interests	985	785	743
Comprehensive income attributable to Pilgrim’s Pride Corporation	$ 1,405,637	$ 892,621	$ 481,539

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (loss)	$ (2,282)	$ 1,756	$ (2,565)
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign currency derivatives
Derivative [Line Items]
Gains (losses) recognized in other comprehensive income (loss)	$ (2,318)	$ 1,767	$ (2,579)

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Cash and cash equivalents	$ 640,235	$ 2,040,834
Restricted cash and cash equivalents	0	2,324
Investment in available-for-sale securities	0	10,220
Inventories	2,031,259	1,783,488
Income taxes receivable	103,702	72,414
Prepaid expenses and other current assets	272,809	200,879
Assets held for sale	11,057	3,062
Total current assets	4,237,363	5,120,163
Deferred tax assets	31,211	29,483
Other long-lived assets	113,195	62,019
Operating lease assets, net	257,784	255,713
Intangible assets, net	832,066	806,234
Goodwill	1,338,884	1,239,073
Property, plant and equipment, net	3,533,027	3,137,891
Total assets	10,343,530	10,650,576
Revenue contract liabilities	37,622	48,898
Accrued expenses and other current liabilities	1,095,858	1,015,504
Income taxes payable	123,769	60,097
Current maturities of long-term debt	924	858
Total current liabilities	2,890,258	2,552,133
Noncurrent operating lease liabilities, less current maturities	199,315	195,944
Long-term debt, less current maturities	3,093,113	3,206,113
Deferred tax liabilities	452,326	422,952
Other long-term liabilities	14,787	20,038
Total liabilities	6,649,799	6,397,180
Common stock, $.01 par value, 800,000,000 shares authorized; 262,688,600 and 262,263,358 shares issued at year-end 2025 and year-end 2024, respectively; 237,547,447 and 237,122,205 shares outstanding at year-end 2025 and year-end 2024, respectively	2,627	2,623
Treasury stock, at cost, 25,141,153 shares at year-end 2025 and year-end 2024	(544,687)	(544,687)
Additional paid-in capital	2,023,609	1,994,259
Retained earnings	2,245,523	3,157,511
Accumulated other comprehensive loss	(47,022)	(370,300)
Total Pilgrim’s Pride Corporation stockholders’ equity	3,680,050	4,239,406
Noncontrolling interest	13,681	13,990
Total stockholders’ equity	3,693,731	4,253,396
Total liabilities and stockholders’ equity	10,343,530	10,650,576
Nonrelated Party
Trade accounts and other receivables, less allowance for credit losses and Accounts receivable from related parties	1,164,903	1,004,334
Accounts payable and Accounts payable to related parties	1,588,569	1,411,519
Related Party
Trade accounts and other receivables, less allowance for credit losses and Accounts receivable from related parties	13,398	2,608
Accounts payable and Accounts payable to related parties	$ 43,516	$ 15,257

CURRENT LIABILITIES

12 Months Ended

Dec. 28, 2025

Payables and Accruals [Abstract]

CURRENT LIABILITIES

Current liabilities, other than income taxes and current maturities of long-term debt, consisted of the following components:


	December 28, 2025		December 29, 2024
	(In thousands)
Accounts payable
Trade accounts	$	1,400,186	$	1,269,417
Book overdrafts	160,068		113,364
Other payables	28,315		28,738
Total accounts payable	1,588,569		1,411,519
Accounts payable to related parties(a)	43,516		15,257
Revenue contract liabilities(b)	37,622		48,898
Accrued expenses and other current liabilities
Compensation and benefits	367,035		346,355
Litigation settlements	152,940		111,769
Accrued sales rebates	135,108		116,439
Insurance and self-insured claims	104,009		76,025
Interest and debt-related fees	64,947		65,192
Taxes	60,577		35,938
Current maturities of operating lease liabilities(c)	59,630		63,327
Derivative liabilities(d)	8,072		4,669
Other accrued expenses	143,540		195,790
Total accrued expenses and other current liabilities	1,095,858		1,015,504
Total current liabilities	$	2,765,565	$	2,491,178

(a)Additional information regarding accounts payable to related parties is included in “Note 19. Related Party Transactions.”

(b)Additional information regarding revenue contract liabilities is included in “Note 2. Revenue Recognition.”

(c)Additional information regarding current maturities of operating lease liabilities is included in “Note 3. Leases.”

(d)Additional information regarding derivative liabilities is included in “Note 4. Derivative Financial Instruments.”

INCENTIVE COMPENSATION - Narrative (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Equity-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested	$ 11.4	$ 7.1
Unrecognized compensation cost	$ 38.1
Unrecognized compensation cost, period for recognition (in years)	2 years 1 month 17 days
Liability-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested	$ 0.7	$ 0.0
Unrecognized compensation cost	$ 4.1
Unrecognized compensation cost, period for recognition (in years)	2 years 1 month 9 days
2019 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved (less than) (in shares)	1.2
U.S.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued costs related to cash bonus awards	$ 87.2
Europe
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued costs related to cash bonus awards	30.3
Mexico
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued costs related to cash bonus awards	$ 6.5

MARKET RISKS AND CONCENTRATIONS (Details) $ in Billions	12 Months Ended
MARKET RISKS AND CONCENTRATIONS (Details) $ in Billions	Dec. 28, 2025 USD ($) employee	Dec. 29, 2024 USD ($)
Concentration Risk [Line Items]
Period over which there have been no labor-related work stoppages (in years)	10 years
U.S.
Concentration Risk [Line Items]
Number of employees \| employee	63,000
Mexico
Concentration Risk [Line Items]
Aggregate carrying amount of net assets	$ 0.6	$ 0.7
Europe
Concentration Risk [Line Items]
Aggregate carrying amount of net assets	$ 3.1	$ 2.9
Workforce Subject to Collective Bargaining Arrangements \| Unionized Employees Concentration Risk
Concentration Risk [Line Items]
Concentration risk (as a percent)	35.00%

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Dec. 25, 2022
Deferred tax liabilities
PP&E and identified intangible assets	$ 523,968	$ 495,571
Inventories	104,591	93,513
Operating lease assets	65,910	63,717
Other	19,406	6,959
Total deferred tax liabilities	713,875	659,760
Deferred tax assets
U.S. net operating losses	1,025	14,603
Foreign net operating losses	82,035	49,166
Credit carry forwards	14,644	20,099
Allowance for credit losses	3,954	3,532
Accrued liabilities	119,226	92,565
Workers’ compensation	0	7,172
Incentive compensation	0	1,161
Operating lease liabilities	66,523	63,717
Interest expense limitations	59,121	72,615
Other	32,107	27,918
Total deferred tax assets	378,635	352,548
Valuation allowance	(85,875)	(86,257)	$ (88,460)	$ (64,361)
Net deferred tax assets	292,760	266,291
Net deferred tax liabilities	$ 421,115	$ 393,469

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Plan Asset Allocations (Details) - Pension Benefits	Dec. 28, 2025	Dec. 29, 2024
Defined Benefit Plan Disclosure [Line Items]
Total assets	100.00%	100.00%
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets	7.00%	21.00%
GK Pension Plan \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Total assets	0.00%	3.00%
U.K. Plans \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Total assets	31.00%	24.00%
U.K. Plans \| Equity securities
Defined Benefit Plan Disclosure [Line Items]
Total assets	23.00%	30.00%
U.K. Plans \| Liability driven investments
Defined Benefit Plan Disclosure [Line Items]
Total assets	30.00%	10.00%
U.K. Plans \| Real estate
Defined Benefit Plan Disclosure [Line Items]
Total assets	9.00%	12.00%

INVENTORIES

12 Months Ended

Dec. 28, 2025

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consisted of the following:


	December 28, 2025		December 29, 2024
	(In thousands)
Raw materials and work-in-process	$	1,191,188	$	1,069,170
Finished products	644,792		527,364
Operating supplies	85,164		77,146
Maintenance materials and parts	110,115		109,808
Total inventories	$	2,031,259	$	1,783,488

Audit Information	12 Months Ended
Audit Information	Dec. 28, 2025
Audit Information [Abstract]
Auditor name	KPMG LLP
Auditor location	Kansas City, MO
Auditor firm ID	185

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 28, 2025 USD ($)
Foreign currency derivative
Derivative [Line Items]
Cash flow hedge loss to be reclassified within twelve months	$ 1.5

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 28, 2025

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plan Obligations and Assets

The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Consolidated Balance Sheets for these plans were as follows:


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Change in projected benefit obligation	(In thousands)
Projected benefit obligation, beginning of year	$	113,730	$	237,508	$	1,144	$	1,160
Interest cost	6,263		10,764		53		53
Actuarial (gains) losses	(2,808)		(20,783)		4		(39)
Benefits paid	(7,838)		(12,671)		(38)		(30)
Curtailments and settlements	1,611		(99,635)		—		—
Currency translation (gain) loss	8,187		(1,453)		—		—
Projected benefit obligation, end of year	$	119,145	$	113,730	$	1,163	$	1,144


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Change in plan assets	(In thousands)
Fair value of plan assets, beginning of year	$	123,926	$	225,451	$	—	$	—
Actual return on plan assets	5,256		5,842		—		—
Contributions by employer	(405)		6,831		38		30
Benefits paid	(7,838)		(12,671)		(38)		(30)
Curtailments and settlements	1,611		(99,635)		—		—
Expenses paid from assets	(413)		(320)		—		—
Currency translation gain (loss)	8,900		(1,572)		—		—
Fair value of plan assets, end of year	$	131,037	$	123,926	$	—	$	—


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Funded status	(In thousands)
Overfunded (unfunded) benefit obligation, end of year	$	11,892	$	10,196	$	(1,163)	$	(1,144)


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Amounts recognized in the Consolidated Balance Sheets as of end of year	(In thousands)
Long-term assets	$	13,531	$	11,829	$	—	$	—
Total assets	$	13,531	$	11,829	$	—	$	—

Current liabilities	$	(218)	$	(205)	$	(215)	$	(201)
Long-term liabilities	(1,421)		(1,428)		(948)		(943)
Total liabilities	$	(1,639)	$	(1,633)	$	(1,163)	$	(1,144)


	Pension Benefits				Other Benefits
	2025		2024		2025		2024
Amounts recognized in accumulated other comprehensive loss at end of year	(In thousands)
Net actuarial loss (gain)	$	3,834	$	2,063	$	(102)	$	(126)

Schedule of Net Periodic Benefit Costs

Net benefit costs include the following components:


	Pension Benefits						Other Benefits
	2025		2024		2023		2025		2024		2023
	(In thousands)
Interest cost	$	6,263	$	10,764	$	11,322	$	53	$	53	$	54
Estimated return on plan assets	(8,040)		(11,106)		(10,393)		—		—		—
Settlement loss (gain)	(1,611)		21,714		—		—		—		—
Expenses paid from assets	412		320		327		—		—		—
Amortization of net loss (gain)	(97)		798		1,048		(2)		—		—
Amortization of past service cost	18		18		17		—		—		—
Net cost (income)	$	(3,055)	$	22,508	$	2,321	$	51	$	53	$	54

Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation

The weighted average assumptions used in determining pension and other postretirement plan information were as follows:


	Pension Benefits						Other Benefits
	2025		2024		2023		2025		2024		2023
Benefit obligation
Discount rate	5.49	%	4.68	%	4.81	%	4.67	%	5.30	%	5.06	%
Net pension and other postretirement cost
Discount rate	5.50	%	4.56	%	4.93	%	5.30	%	5.06	%	5.16	%
Expected return on plan assets	6.06	%	6.17	%	4.95	%	NA		NA		NA


	Increase in Discount Rate of 0.25%		Decrease in Discount Rate of 0.25%
	(In thousands)
Impact on projected benefit obligation for pension benefits	$	(3,189)	$	3,358

Schedule of Plan Asset Allocations

The following table reflects the pension plans’ actual asset allocations:


	2025		2024
Cash and cash equivalents	7	%	21	%
Pooled separate accounts and common collective trust funds for the GK Pension Plan(a):
Fixed income securities	—	%	3	%
Pooled separate accounts for the U.K. Plans(a):
Equity securities	23	%	30	%
Fixed income funds	31	%	24	%
Liability driven investments	30	%	10	%
Real estate	9	%	12	%
Total assets	100	%	100	%

Schedule of Fair Value Assumptions of Plan Assets

The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of December 28, 2025 and December 29, 2024:


	2025								2024
	Level 1(a)		Level 2(b)		Level 3(c)		Total		Level 1(a)		Level 2(b)		Level 3(c)		Total
	(In thousands)
Cash and cash equivalents	$	9,448	$	—	$	—	$	9,448	$	26,479	$	—	$	—	$	26,479
PSAs for the Union Plan:
Fixed income funds(f)	—		—		—		—		—		70		—		70
PSAs and CCTs for the GK Pension Plan:
Fixed income funds(f)	—		—		—		—		—		3,152		—		3,152
PSAs for the Europe Plans:
Large U.S. equity funds(d)	—		13,279		—		13,279		—		11,761		—		11,761
International equity funds(e)	—		17,157		—		17,157		—		25,575		—		25,575
Fixed income funds(f)	—		40,562		—		40,562		—		29,715		—		29,715
Real estate(g)	—		11,464		—		11,464		—		15,442		—		15,442
Liability driven investments(h)	—		39,127		—		39,127		—		11,732		—		11,732
Total assets	$	9,448	$	121,589	$	—	$	131,037	$	26,479	$	97,447	$	—	$	123,926

(a)Unadjusted quoted prices in active markets for identical assets are used to determine fair value.

(b)Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value.

(c)Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value.

(e)This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S.

Schedule of Benefit Payments


	Pension Benefits		Other Benefits
	(In thousands)
2026	$	8,000	$	215
2027	8,162		191
2028	8,407		169
2029	8,509		148
2030	8,542		128
2031-2035	43,412		403
Total	$	85,032	$	1,254

Schedule of Unrecognized Benefit Amounts in Accumulated Other Comprehensive Loss

The amounts in accumulated other comprehensive loss that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows:


	Pension Benefits						Other Benefits
	2025		2024		2023		2025		2024		2023
	(In thousands)
Net actuarial loss, beginning of year	$	2,063	$	40,487	$	48,121	$	(126)	$	(87)	$	(66)
Amortization	79		(816)		(1,065)		2		—		—
Realized loss (gain) on settlement	1,611		(21,714)		—		—		—		—
Actuarial loss (gain)	(2,809)		(20,782)		238		4		(39)		(21)
Asset loss (gain)	2,714		5,264		(7,317)		18		—		—
Currency translation loss (gain)	176		(376)		510		—		—		—
Net actuarial loss (gain), end of year	$	3,834	$	2,063	$	40,487	$	(102)	$	(126)	$	(87)

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	12 Months Ended
	Dec. 28, 2025 USD ($) country state	Dec. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Nov. 07, 2025 USD ($)	Aug. 22, 2024 USD ($)
Property, Plant and Equipment [Line Items]
Number of countries to which the company exports products (over) \| country	120
Number of states in which entity operates \| state	14
Advertising costs	$ 80,300,000	$ 70,100,000	$ 56,700,000
Research and development costs	17,900,000	12,400,000	5,700,000
Impairment of intangible assets	0	0
Deferred tax liability and associated income tax expense	(16,577,000)	$ (25,697,000)	$ (10,573,000)
Property tax abatement, period (in years)					5 years
Mexico
Property, Plant and Equipment [Line Items]
Deferred tax liability and associated income tax expense	$ 7,100,000
Walker County
Property, Plant and Equipment [Line Items]
Property tax abatement, period (in years)				10 years
Industrial revenue bond principal amount				$ 460,500,000
Douglas-Coffee County
Property, Plant and Equipment [Line Items]
Industrial revenue bond principal amount					$ 130,000,000
Minimum \| Trade Names
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life (in years)	15 years
Minimum \| Customer relationships
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life (in years)	3 years
Minimum \| Building, Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (in years)	5 years
Minimum \| Automobiles and trucks
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (in years)	3 years
Maximum \| Trade Names
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life (in years)	20 years
Maximum \| Customer relationships
Property, Plant and Equipment [Line Items]
Intangible assets, estimated useful life (in years)	18 years
Maximum \| Building, Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (in years)	33 years
Maximum \| Automobiles and trucks
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (in years)	10 years

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 520,899	$ 1,712,917
Commodity derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	9,509	6,598
Liabilities	(1,343)	(2,494)
Foreign currency derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	95	755
Liabilities	(205)	(1,397)
Sales contract derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	(2,638)	(778)
Level 1 \| Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	520,899	1,712,917
Level 1 \| Commodity derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	9,509	6,598
Liabilities	(1,343)	(2,494)
Level 1 \| Foreign currency derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	95	755
Liabilities	(205)	(1,397)
Level 1 \| Sales contract derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 2 \| Fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 2 \| Commodity derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 2 \| Foreign currency derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 2 \| Sales contract derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ (2,638)	$ (778)

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

+ Details

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

+ Details

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 1,239,073	$ 1,286,261
Currency Translation	99,811	(47,188)
Goodwill, end of period	1,338,884	1,239,073
U.S.
Goodwill [Roll Forward]
Goodwill, beginning of period	41,936	41,936
Currency Translation	0	0
Goodwill, end of period	41,936	41,936
Europe
Goodwill [Roll Forward]
Goodwill, beginning of period	1,097,643	1,116,521
Currency Translation	86,277	(18,878)
Goodwill, end of period	1,183,920	1,097,643
Mexico
Goodwill [Roll Forward]
Goodwill, beginning of period	99,494	127,804
Currency Translation	13,534	(28,310)
Goodwill, end of period	$ 113,028	$ 99,494

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 740
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478064/805-740-55-13

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-39

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

+ Details

SUPPLIER FINANCE PROGRAMS (Tables)

12 Months Ended

Dec. 28, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Supplier Finance Programs


	Year Ended
	December 28, 2025		December 29, 2024
	(In thousands)
Confirmed obligations outstanding, beginning of year	$	152,780	$	192,666
Invoices confirmed during the year	865,260		870,540
Confirmed invoices paid during the year	(808,646)		(910,426)
Confirmed obligations outstanding, end of year	$	209,394	$	152,780

LEASES

12 Months Ended

Dec. 28, 2025

Leases [Abstract]

LEASES

The Company is party to operating lease agreements for warehouses, office space, vehicle maintenance facilities and livestock growing farms in the U.S., distribution centers, hatcheries and office space in Mexico and farms, processing facilities and office space in Europe. Additionally, the Company leases equipment, over-the-road transportation vehicles and other assets in all three reportable segments. The Company is also party to a limited number of finance lease agreements in the U.S.

The Company’s leases have remaining lease terms of less than one year to 17 years, some of which may include options to extend the lease for up to five years and some of which may include options to terminate the lease within one year. The exercise of options to extend lease terms is at the Company’s sole discretion. Certain leases also include options to purchase the leased property.

Certain lease agreements include rental payment increases over the lease term that can be either fixed or variable. Fixed payment increases and variable payment increases based on an index or rate are included in the initial lease liability using the index or rate at commencement date. Variable payment increases not based on an index are recognized as incurred. Certain lease agreements contain residual value guarantees, primarily vehicle and transportation equipment leases.

The following table presents components of lease expense (in thousands). Operating lease cost, finance lease amortization and finance lease interest are respectively included in Cost of sales, SG&A expense and Interest expense, net of capitalized interest in the Consolidated Statements of Income.


	Year Ended
	December 28, 2025		December 29, 2024
Operating lease cost(a)	$	82,986	$	86,684
Amortization of finance lease assets	426		650
Interest on finance leases	39		58
Short-term lease cost	104,274		103,364
Variable lease cost	2,315		2,577
Net lease cost	$	190,040	$	193,333

(a)Sublease income is immaterial and not included in operating lease costs.

The weighted-average remaining lease term and discount rate for lease liabilities included in our Consolidated Balance Sheets are as follows:


	December 28, 2025		December 29, 2024
Weighted-average remaining lease term:
Operating leases	6.05 years		6.11 years
Finance leases	2.39 years		3.35 years
Weighted-average discount rate:
Operating leases	5.09	%	4.53	%
Finance leases	2.90	%	2.66	%

Supplemental cash flow information related to leases is as follows (in thousands):


	Year Ended
	December 28, 2025		December 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$	86,231	$	84,806
Operating cash flows - finance leases	43		40
Financing cash flows - finance leases	540		616
Operating lease assets obtained in exchange for operating lease liabilities	77,973		66,060

Future minimum lease payments under noncancelable leases as of December 28, 2025 are as follows (in thousands):


	Operating Leases		Finance Leases
For the fiscal years ending December:
2026	$	78,436	$	617
2027	59,386		575
2028	44,698		248
2029	33,482		—
2030	21,380		—
Thereafter	61,848		—
Total future minimum lease payments	299,230		1,440
Less: imputed interest	(40,285)		(51)
Present value of lease liabilities	$	258,945	$	1,389

Lease liabilities are included in our Consolidated Balance Sheets as follows (in thousands):


	December 28, 2025				December 29, 2024
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Accrued expenses and other current liabilities	$	59,630	$	—	$	63,327	$	—
Current maturities of long-term debt	—		585		—		536
Noncurrent operating lease liability, less current maturities	199,315		—		195,944		—
Long-term debt, less current maturities	—		804		—		1,256
Total lease liabilities	$	258,945	$	1,389	$	259,271	$	1,792

LEASES


	Year Ended
	December 28, 2025		December 29, 2024
Operating lease cost(a)	$	82,986	$	86,684
Amortization of finance lease assets	426		650
Interest on finance leases	39		58
Short-term lease cost	104,274		103,364
Variable lease cost	2,315		2,577
Net lease cost	$	190,040	$	193,333

(a)Sublease income is immaterial and not included in operating lease costs.

The weighted-average remaining lease term and discount rate for lease liabilities included in our Consolidated Balance Sheets are as follows:


	December 28, 2025		December 29, 2024
Weighted-average remaining lease term:
Operating leases	6.05 years		6.11 years
Finance leases	2.39 years		3.35 years
Weighted-average discount rate:
Operating leases	5.09	%	4.53	%
Finance leases	2.90	%	2.66	%

Supplemental cash flow information related to leases is as follows (in thousands):


	Year Ended
	December 28, 2025		December 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$	86,231	$	84,806
Operating cash flows - finance leases	43		40
Financing cash flows - finance leases	540		616
Operating lease assets obtained in exchange for operating lease liabilities	77,973		66,060

Future minimum lease payments under noncancelable leases as of December 28, 2025 are as follows (in thousands):


	Operating Leases		Finance Leases
For the fiscal years ending December:
2026	$	78,436	$	617
2027	59,386		575
2028	44,698		248
2029	33,482		—
2030	21,380		—
Thereafter	61,848		—
Total future minimum lease payments	299,230		1,440
Less: imputed interest	(40,285)		(51)
Present value of lease liabilities	$	258,945	$	1,389

Lease liabilities are included in our Consolidated Balance Sheets as follows (in thousands):


	December 28, 2025				December 29, 2024
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Accrued expenses and other current liabilities	$	59,630	$	—	$	63,327	$	—
Current maturities of long-term debt	—		585		—		536
Noncurrent operating lease liability, less current maturities	199,315		—		195,944		—
Long-term debt, less current maturities	—		804		—		1,256
Total lease liabilities	$	258,945	$	1,389	$	259,271	$	1,792

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income	$ 1,083,344	$ 1,087,223	$ 322,317
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	456,157	433,622	419,900
Asset impairment	493	28,575	4,010
Stock-based compensation	29,354	14,873	7,226
Loss (gain) on early extinguishment of debt recognized as a component of interest expense	573	(11,211)	20,694
Loan cost amortization	4,939	5,033	7,366
Deferred income tax expense	10,039	4,830	6,675
Accretion of bond discount	2,380	2,506	2,278
Loss (gain) on property disposals	3,882	1,779	(6,052)
Loss (gain) on equity method investments	0	(7)	328
Changes in operating assets and liabilities
Trade accounts and other receivables	(113,133)	88,340	(19,007)
Inventories	(193,520)	134,521	12,602
Prepaid expenses and other current assets	(44,467)	(33,303)	17,776
Accounts payable, accrued expenses and other current liabilities	155,828	126,672	(68,677)
Income taxes	35,399	109,369	(8,878)
Long-term pension and other postretirement obligations	(1,881)	26,052	(9,993)
Other operating assets and liabilities	(57,737)	(28,747)	(30,688)
Cash provided by operating activities	1,371,650	1,990,127	677,877
Cash flows from investing activities
Acquisitions of property, plant and equipment	(711,066)	(476,153)	(543,816)
Proceeds from property disposals	5,556	15,356	19,784
Proceeds from property insurance recoveries	0	0	20,681
Cash used in investing activities	(705,510)	(460,797)	(503,351)
Cash flows from financing activities
Payments on revolving line of credit, long-term borrowings and finance lease obligations	(115,234)	(152,120)	(1,616,321)
Proceeds from revolving line of credit and long-term borrowings	0	0	1,768,236
Proceeds from contribution (payment of distribution) of capital under Tax Sharing Agreement between JBS USA Holdings and Pilgrim’s Pride Corporation	0	1,425	(1,592)
Payment on early extinguishment of debt	(2,120)	(200)	(13,780)
Purchase of noncontrolling interest	(1,294)	0	0
Payment of capitalized loan costs	0	(16)	(19,816)
Payment of cash dividends	(1,994,347)	0	0
Cash provided by (used in) financing activities	(2,112,995)	(150,911)	116,727
Effect of exchange rate changes on cash and cash equivalents	43,932	(66,484)	5,211
Increase (decrease) in cash and cash equivalents	(1,402,923)	1,311,935	296,464
Cash and cash equivalents, restricted cash and restricted cash equivalents, beginning of year	2,043,158	731,223	434,759
Cash and cash equivalents, restricted cash and restricted cash equivalents, end of year	640,235	2,043,158	731,223
Supplemental Disclosure Information
Interest paid (net of amount capitalized)	155,462	182,040	131,205
Income taxes paid	$ 361,892	$ 197,557	$ 19,749

INVESTMENTS IN SECURITIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Investments, Debt and Equity Securities [Abstract]
Gross realized gains recognized on available-for-sale securities	$ 50.5	$ 70.8
Gross realized losses recognized on available-for-sale securities	$ 0.0	$ 0.0

INCOME TAXES

12 Months Ended

Dec. 28, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

Income (loss) before income taxes by jurisdiction is as follows:


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
U.S.	$	1,363,533	$	1,428,497	$	26,887
Foreign	138,605		(16,228)		338,335
Total	$	1,502,138	$	1,412,269	$	365,222

The components of income tax expense (benefit) are set forth below:


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Current
Federal	$	244,524	$	172,269	$	(19,727)
Foreign	121,437		113,194		59,326
State and other	42,794		34,752		(3,369)
Total current	408,755		320,215		36,230
Deferred
Federal	19,293		21,334		12,783
Foreign	(16,577)		(25,697)		(10,573)
State and other	7,323		9,194		4,465
Total deferred	10,039		4,831		6,675
Current and Deferred
Federal	263,817		193,603		(6,944)
Foreign	104,860		87,497		48,753
State and other	50,117		43,946		1,096
Total Current and Deferred	$	418,794	$	325,046	$	42,905

The effective tax rate for 2025 was 28.0% compared to 23.0% for 2024 and 11.7% for 2023.

The following table reconciles the statutory U.S. federal income tax rate to the Company’s effective income tax rate:


	Year Ended
	December 28, 2025				December 29, 2024				December 31, 2023
	(In thousands, except percent data)
U.S. federal statutory tax rate	$	315,449	21.0	%	$	296,577	21.0	%	$	76,697	21.0	%
United States
Changes in valuation allowances	820		0.1		3,278		0.2		(1,071)		(0.3)
Effect of cross-border tax laws
Global intangible low-taxed income	(434)		—		1,501		0.1		9,294		2.6
Other	6,502		0.3		5,936		0.4		(2,986)		(0.8)
Nontaxable or nondeductible items
Other	9,225		0.6		4,981		0.3		2,887		0.8
Tax credits
Foreign tax credit	—		—		—		—		(5,530)		(1.5)
Other	3,308		0.2		(7,534)		(0.5)		(2,267)		(0.6)
State and local income taxes, net of federal income tax effect	74,849		5.0		28,517		2.0		(13,031)		(3.6)
Foreign tax effect
Ireland
Other	—		—		2,500		0.2		843		0.2
Statutory income tax rate differential	94		—		963		0.1		2,177		0.6
Changes in valuation allowances	(1,348)		(0.1)		(1,767)		(0.1)		2,286		0.6
Luxembourg
Imputed interest on intercompany financing	(14,754)		(1.0)		(14,907)		(1.1)		(15,871)		(4.3)
Other	1,495		0.1		22		—		11		—
Statutory income tax rate differential	1,498		0.1		1,699		0.1		2,435		0.7
Changes in valuation allowances	799		0.1		752		0.1		618		0.2
Malta
Notional deduction against interest income	—		—		—		—		(12,392)		(3.4)
Notional deduction carryforward from prior year	(24)		—		(25,963)		(1.8)		—		—
Other	(523)		—		(451)		—		(1,082)		(0.3)
Statutory income tax rate differential	(1,043)		(0.1)		(899)		(0.1)		5,508		1.5

Mexico
Non taxable and nondeductible items	3,054		0.2		294		—		348		0.1
Foreign currency translation	5,563		0.4		(6,222)		(0.4)		(29,437)		(8.1)
Other	(9,610)		(0.6)		2,109		0.1		(4,594)		(1.3)
Statutory income tax rate differential	16,046		1.1		24,116		1.7		18,026		4.9
Changes in valuation allowances	(111)		—		180		—		(1,028)		(0.3)
United Kingdom
Federal tax credit carryforward adjustment from prior years	—		—		19,168		1.4		592		0.2
Other	2,807		0.2		5,250		0.4		(6,478)		(1.8)
Statutory income tax rate differential	5,360		0.4		2,622		0.2		875		0.2
Changes in valuation allowances	(3,004)		(0.2)		(18,221)		(1.3)		14,155		3.9
Other foreign jurisdictions	2,776		0.2		545		—		1,920		0.5
Total	$	418,794	28.0	%	$	325,046	23.0	%	$	42,905	11.7	%

In 2025, state and local taxes in California, Illinois, Florida and Minnesota comprise the majority of the state and local income taxes, net of federal effect category. In 2024, state and local income taxes in California, Texas and Illinois comprise the majority of the state and local income taxes, net of federal effect category. In 2023, state and local income taxes in Florida and South Carolina comprise the majority of the state and local income taxes, net of federal effect category.

Pilgrim’s historically would settle its stand-alone unitary tax liability with JBS USA the year subsequent to the actual state tax return filings. Due to the new tax sharing agreement with JBS USA effective December 30, 2024, Pilgrim’s is currently required to estimate and pay its stand-alone unitary tax liability on a quarterly basis following current year estimated state tax deadlines. Since the tax accounting method for Pilgrims’ state taxes is the cash method, this led to 2024 and 2025 state unitary payments being incurred in 2025, and a higher state effective tax rate for the 2025 year. See “Note 1. Business and Summary of Significant Accounting Policies” for more information regarding the new tax sharing agreement.

Nontaxable and Nondeductible items primarily relate to expenses for meals and entertainment and inflationary adjustments incurred by PPC Mexico that are not deductible for income tax purposes under applicable tax regulations. These amounts impact the effective tax rate as they represent permanent differences between financial reporting and taxable income.

Income taxes paid (net of refunds) exceeded 5% of total income taxes paid (net of refunds) in the following jurisdictions:


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
U.S. federal	$	151,548	$	125,143	$	(28,777)
U.S. state and local
Florida	—		—		3,150
Other	74,131		23,513		(1,388)
Total state and local	74,131		23,513		1,762
Foreign
Mexico	55,310		—		39,053
United Kingdom	67,361		30,909		2,741
France	—		11,668		3,847
Other	13,542		6,324		1,122
Total foreign	136,213		48,901		46,763
Total	$	361,892	$	197,557	$	19,748

Significant components of the Company’s deferred tax liabilities and assets are as follows:


	December 28, 2025		December 29, 2024
	(In thousands)
Deferred tax liabilities
PP&E and identified intangible assets	$	523,968	$	495,571
Inventories	104,591		93,513

Operating lease assets	65,910		63,717
Other	19,406		6,959
Total deferred tax liabilities	713,875		659,760
Deferred tax assets
U.S. net operating losses	1,025		14,603
Foreign net operating losses	82,035		49,166
Credit carry forwards	14,644		20,099
Allowance for credit losses	3,954		3,532
Accrued liabilities	119,226		92,565
Workers’ compensation	—		7,172
Incentive compensation	—		1,161
Operating lease liabilities	66,523		63,717

Interest expense limitations	59,121		72,615
Other	32,107		27,918
Total deferred tax assets	378,635		352,548
Valuation allowance	(85,875)		(86,257)
Net deferred tax assets	292,760		266,291
Net deferred tax liabilities	$	421,115	$	393,469

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income and tax-planning strategies in making this assessment.

As of December 28, 2025, the Company believes it has sufficient positive evidence to conclude that realization of its federal, state and foreign net deferred tax assets are more likely than not to be realized. As of December 28, 2025, the Company’s valuation allowance is $85.9 million, of which $14.7 million relates to our Europe operations, $0.2 million relates to our Mexico operations, $47.0 million relates to Onix Investments UK Limited, Sandstone Holdings Sàrl and Arkose Investments ULC, indirect subsidiaries of Pilgrim’s, $12.1 million relates to our Puerto Rico operations, $11.7 million relates to U.S. foreign tax credits and $0.2 million relates to state net operating losses.


	Beginning Balance		Additions		Deductions		Ending Balance
	(In thousands)
Valuation allowance
2025	$	86,257	$	4,470	$	(4,852)	$	85,875
2024	88,460		637		(2,840)		86,257
2023	64,361		25,296		(1,197)		88,460

As of December 28, 2025, the Company had federal and state net operating loss carry forwards of approximately $17.8 million that begin to expire in 2026. The Company also had Mexico net operating loss carry forwards as of December 28, 2025 of approximately $9.7 million that begin to expire in 2029. The Company also had U.K. net operating loss carry forwards as of December 28, 2025 of approximately $242.4 million that may be carried forward indefinitely.

As of December 28, 2025, the Company had approximately $1.6 million of state tax credit carry forwards that begin to expire in 2026.

For the years ended December 28, 2025 and December 29, 2024, there is a tax effect of $0.4 million and $(9.4) million, respectively, reflected in other comprehensive loss.

For the years ended December 28, 2025 and December 29, 2024, there are immaterial tax effects reflected in income tax expense due to excess tax benefits and shortfalls related to stock-based compensation. See “Note 1. Business and Summary of Significant Accounting Policies” for additional information.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:


	December 28, 2025		December 29, 2024
	(In thousands)
Unrecognized tax benefits, beginning of year	$	28,969	$	37,565
Increase as a result of tax positions taken during prior years	2,831		—
Decrease for lapse in statute of limitations	(74)		(8,300)
Decrease for tax positions of prior years	(65)		(296)
Unrecognized tax benefits, end of year	$	31,661	$	28,969

Included in unrecognized tax benefits of $31.7 million as of December 28, 2025, was $17.8 million of tax benefits that, if recognized, would reduce the Company’s effective tax rate.

The Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes. As of December 28, 2025, the Company had recorded a liability of $8.9 million for interest and penalties. During 2025, accrued interest and penalty amounts related to uncertain tax positions increased by $1.4 million.

The Company operates in the U.S. (including multiple state jurisdictions), Puerto Rico and several foreign locations including Mexico, the U.K., and the Republic of Ireland. With few exceptions, the Company is no longer subject to examinations by taxing authorities for years prior to 2020 in U.S. federal, state and local jurisdictions, for years prior to 2010 in Mexico, and for years prior to 2017 in the U.K.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 28, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment (“PP&E”), net consisted of the following:


	December 28, 2025		December 29, 2024
	(In thousands)
Land	$	220,462	$	215,305
Buildings	2,445,820		2,307,851
Machinery and equipment	4,417,923		4,137,561
Autos and trucks	137,293		130,013
Finance lease assets	4,990		4,275
Construction-in-progress	667,315		299,933
PP&E, gross	7,893,803		7,094,938
Accumulated depreciation	(4,360,776)		(3,957,047)
PP&E, net	$	3,533,027	$	3,137,891

INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2025

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes by Jurisdiction

Income (loss) before income taxes by jurisdiction is as follows:


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
U.S.	$	1,363,533	$	1,428,497	$	26,887
Foreign	138,605		(16,228)		338,335
Total	$	1,502,138	$	1,412,269	$	365,222

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are set forth below:


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
Current
Federal	$	244,524	$	172,269	$	(19,727)
Foreign	121,437		113,194		59,326
State and other	42,794		34,752		(3,369)
Total current	408,755		320,215		36,230
Deferred
Federal	19,293		21,334		12,783
Foreign	(16,577)		(25,697)		(10,573)
State and other	7,323		9,194		4,465
Total deferred	10,039		4,831		6,675
Current and Deferred
Federal	263,817		193,603		(6,944)
Foreign	104,860		87,497		48,753
State and other	50,117		43,946		1,096
Total Current and Deferred	$	418,794	$	325,046	$	42,905

Schedule of Income Tax Reconciliation

The following table reconciles the statutory U.S. federal income tax rate to the Company’s effective income tax rate:


	Year Ended
	December 28, 2025				December 29, 2024				December 31, 2023
	(In thousands, except percent data)
U.S. federal statutory tax rate	$	315,449	21.0	%	$	296,577	21.0	%	$	76,697	21.0	%
United States
Changes in valuation allowances	820		0.1		3,278		0.2		(1,071)		(0.3)
Effect of cross-border tax laws
Global intangible low-taxed income	(434)		—		1,501		0.1		9,294		2.6
Other	6,502		0.3		5,936		0.4		(2,986)		(0.8)
Nontaxable or nondeductible items
Other	9,225		0.6		4,981		0.3		2,887		0.8
Tax credits
Foreign tax credit	—		—		—		—		(5,530)		(1.5)
Other	3,308		0.2		(7,534)		(0.5)		(2,267)		(0.6)
State and local income taxes, net of federal income tax effect	74,849		5.0		28,517		2.0		(13,031)		(3.6)
Foreign tax effect
Ireland
Other	—		—		2,500		0.2		843		0.2
Statutory income tax rate differential	94		—		963		0.1		2,177		0.6
Changes in valuation allowances	(1,348)		(0.1)		(1,767)		(0.1)		2,286		0.6
Luxembourg
Imputed interest on intercompany financing	(14,754)		(1.0)		(14,907)		(1.1)		(15,871)		(4.3)
Other	1,495		0.1		22		—		11		—
Statutory income tax rate differential	1,498		0.1		1,699		0.1		2,435		0.7
Changes in valuation allowances	799		0.1		752		0.1		618		0.2
Malta
Notional deduction against interest income	—		—		—		—		(12,392)		(3.4)
Notional deduction carryforward from prior year	(24)		—		(25,963)		(1.8)		—		—
Other	(523)		—		(451)		—		(1,082)		(0.3)
Statutory income tax rate differential	(1,043)		(0.1)		(899)		(0.1)		5,508		1.5

Mexico
Non taxable and nondeductible items	3,054		0.2		294		—		348		0.1
Foreign currency translation	5,563		0.4		(6,222)		(0.4)		(29,437)		(8.1)
Other	(9,610)		(0.6)		2,109		0.1		(4,594)		(1.3)
Statutory income tax rate differential	16,046		1.1		24,116		1.7		18,026		4.9
Changes in valuation allowances	(111)		—		180		—		(1,028)		(0.3)
United Kingdom
Federal tax credit carryforward adjustment from prior years	—		—		19,168		1.4		592		0.2
Other	2,807		0.2		5,250		0.4		(6,478)		(1.8)
Statutory income tax rate differential	5,360		0.4		2,622		0.2		875		0.2
Changes in valuation allowances	(3,004)		(0.2)		(18,221)		(1.3)		14,155		3.9
Other foreign jurisdictions	2,776		0.2		545		—		1,920		0.5
Total	$	418,794	28.0	%	$	325,046	23.0	%	$	42,905	11.7	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax liabilities and assets are as follows:


	December 28, 2025		December 29, 2024
	(In thousands)
Deferred tax liabilities
PP&E and identified intangible assets	$	523,968	$	495,571
Inventories	104,591		93,513

Operating lease assets	65,910		63,717
Other	19,406		6,959
Total deferred tax liabilities	713,875		659,760
Deferred tax assets
U.S. net operating losses	1,025		14,603
Foreign net operating losses	82,035		49,166
Credit carry forwards	14,644		20,099
Allowance for credit losses	3,954		3,532
Accrued liabilities	119,226		92,565
Workers’ compensation	—		7,172
Incentive compensation	—		1,161
Operating lease liabilities	66,523		63,717

Interest expense limitations	59,121		72,615
Other	32,107		27,918
Total deferred tax assets	378,635		352,548
Valuation allowance	(85,875)		(86,257)
Net deferred tax assets	292,760		266,291
Net deferred tax liabilities	$	421,115	$	393,469

Schedule of Valuation Allowance


	Beginning Balance		Additions		Deductions		Ending Balance
	(In thousands)
Valuation allowance
2025	$	86,257	$	4,470	$	(4,852)	$	85,875
2024	88,460		637		(2,840)		86,257
2023	64,361		25,296		(1,197)		88,460

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:


	December 28, 2025		December 29, 2024
	(In thousands)
Unrecognized tax benefits, beginning of year	$	28,969	$	37,565
Increase as a result of tax positions taken during prior years	2,831		—
Decrease for lapse in statute of limitations	(74)		(8,300)
Decrease for tax positions of prior years	(65)		(296)
Unrecognized tax benefits, end of year	$	31,661	$	28,969

Schedule of Cash Flow, Supplemental Disclosures

Income taxes paid (net of refunds) exceeded 5% of total income taxes paid (net of refunds) in the following jurisdictions:


	Year Ended
	December 28, 2025		December 29, 2024		December 31, 2023
	(In thousands)
U.S. federal	$	151,548	$	125,143	$	(28,777)
U.S. state and local
Florida	—		—		3,150
Other	74,131		23,513		(1,388)
Total state and local	74,131		23,513		1,762
Foreign
Mexico	55,310		—		39,053
United Kingdom	67,361		30,909		2,741
France	—		11,668		3,847
Other	13,542		6,324		1,122
Total foreign	136,213		48,901		46,763
Total	$	361,892	$	197,557	$	19,748

TRADE ACCOUNTS AND OTHER RECEIVABLES - Schedule of Trade Accounts and Other Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Trade Accounts and Other Receivables
Trade accounts receivable	$ 1,109,218	$ 973,820
Notes receivable	10,111	8,970
Other receivables	52,690	30,018
Receivables, gross	1,172,019	1,012,808
Allowance for credit losses	(7,116)	(8,474)
Receivables, net	1,164,903	1,004,334
Allowance for Credit Losses:
Balance, beginning of period	(8,474)	(9,341)
Provision released (charged) to operating results	(224)	102
Account write-offs and recoveries	2,397	46
Effect of exchange rate	(815)	719
Balance, end of period	(7,116)	(8,474)
Related Party
Trade Accounts and Other Receivables
Account receivable from related parties	$ 13,398	$ 2,608

DEBT - Schedule of Long-term Debt and Other Borrowing Arrangements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Oct. 12, 2023	Apr. 19, 2023	Oct. 10, 2022	Sep. 02, 2021	Apr. 08, 2021
Debt Instrument [Line Items]
Finance lease obligations	$ 1,389	$ 1,792
Long-term debt	3,122,201	3,238,443
Less: Current maturities of long-term debt	(924)	(858)
Long-term debt, less current maturities	3,121,277	3,237,585
Less: Capitalized financing costs	(28,164)	(31,472)
Long-term debt, less current maturities, net of capitalized financing costs	$ 3,093,113	3,206,113
U.S. Credit Facility (defined below) at SOFR plus 1.35% \| Line of Credit \| SOFR
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)	1.35%
Long-term debt	$ 0	0
Europe Credit Facility (defined below) with notes payable at SONIA plus 1.25% \| Line of Credit \| SONIA Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)	1.25%
Long-term debt	$ 0	0
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35% \| Line of Credit \| TIIE Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)	1.35%
Long-term debt	$ 0	0
Mexico Bajio Credit Facility (defined below) with notes payable at TIIE plus 1.41% \| Line of Credit \| TIIE Rate
Debt Instrument [Line Items]
Long-term debt	0	0
Live Oak CHP Project PACE Loan 5.15%
Debt Instrument [Line Items]
Long-term debt	$ 19,163	20,599
Live Oak CHP Project PACE Loan 5.15% \| Line of Credit
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.15%				5.15%
Senior notes \| Senior notes payable, net of discount, at 6.875%
Debt Instrument [Line Items]
Stated interest rate (as a percent)			6.875%
Long-term debt	$ 492,251	491,329
Senior notes \| Senior notes payable, net of discount, at 6.25%
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%			6.25%
Long-term debt	$ 917,852	$ 974,381
Senior notes \| Senior notes payable at 3.50%
Debt Instrument [Line Items]
Stated interest rate (as a percent)	3.50%	3.50%				3.50%
Long-term debt	$ 899,600	$ 900,000
Senior notes \| Senior notes payable, net of discount, at 4.25%
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.25%	4.25%					4.25%
Long-term debt	$ 791,946	$ 850,342
Senior notes \| Live Oak CHP Project PACE Loan 5.15%
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.15%	5.15%

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Common stock, beginning balance (in shares) at Dec. 25, 2022		261,611,000
Balance, beginning of year at Dec. 25, 2022	$ 2,853,276	$ 2,617	$ (544,687)	$ 1,969,833	$ 1,749,499	$ (336,448)	$ 12,462
Treasury stock, beginning of year (in shares) at Dec. 25, 2022			(25,142,000)
Comprehensive income:
Net income	322,317				321,574		743
Other comprehensive income (loss), net of tax expense (benefit)	159,965					159,965
Capital contribution under TSA	1,425			1,425
Stock-based compensation plans:
Common stock issued under compensation plans (in shares)		320,000
Common stock issued under compensation plans	0	$ 3		(3)
Requisite service period recognition	7,594			7,594
Common stock, ending balance of year (in shares) at Dec. 31, 2023		261,931,000
Balance, end of year at Dec. 31, 2023	3,344,577	$ 2,620	$ (544,687)	1,978,849	2,071,073	(176,483)	13,205
Treasury stock, end of year (in shares) at Dec. 31, 2023			(25,142,000)
Comprehensive income:
Net income	1,087,223				1,086,438		785
Other comprehensive income (loss), net of tax expense (benefit)	(193,817)					(193,817)
Capital contribution under TSA	0
Stock-based compensation plans:
Common stock issued under compensation plans (in shares)		332,000
Common stock issued under compensation plans	0	$ 3		(3)
Requisite service period recognition	$ 15,413			15,413
Common stock, ending balance of year (in shares) at Dec. 29, 2024	237,122,205	262,263,000
Balance, end of year at Dec. 29, 2024	$ 4,253,396	$ 2,623	$ (544,687)	1,994,259	3,157,511	(370,300)	13,990
Treasury stock, end of year (in shares) at Dec. 29, 2024	(25,141,153)		(25,142,000)
Comprehensive income:
Net income	$ 1,083,344				1,082,359		985
Other comprehensive income (loss), net of tax expense (benefit)	323,278					323,278
Stock-based compensation plans:
Common stock issued under compensation plans (in shares)		425,000
Common stock issued under compensation plans	0	$ 4		(4)
Requisite service period recognition	29,354			29,354
Special cash dividend	(1,994,347)				(1,994,347)
Purchase of noncontrolling interest	$ (1,294)						(1,294)
Common stock, ending balance of year (in shares) at Dec. 28, 2025	237,547,447	262,688,000
Balance, end of year at Dec. 28, 2025	$ 3,693,731	$ 2,627	$ (544,687)	$ 2,023,609	$ 2,245,523	$ (47,022)	$ 13,681
Treasury stock, end of year (in shares) at Dec. 28, 2025	(25,141,153)		(25,142,000)

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Defined Benefit Plan Obligations and Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Dec. 25, 2022
Pension Benefits
Change in projected benefit obligation
Projected benefit obligation, beginning of year	$ 113,730	$ 237,508
Interest cost	6,263	10,764	$ 11,322
Actuarial (gains) losses	(2,808)	(20,783)
Benefits paid	(7,838)	(12,671)
Curtailments and settlements	1,611	(99,635)
Currency translation (gain) loss	8,187	(1,453)
Projected benefit obligation, end of year	119,145	113,730	237,508
Change in plan assets
Fair value of plan assets, beginning of year	123,926	225,451
Actual return on plan assets	5,256	5,842
Contributions by employer	(405)	6,831
Benefits paid	(7,838)	(12,671)
Curtailments and settlements	1,611	(99,635)
Expenses paid from assets	(413)	(320)
Currency translation gain (loss)	8,900	(1,572)
Fair value of plan assets, end of year	131,037	123,926	225,451
Funded status
Overfunded (unfunded) benefit obligation, end of year	11,892	10,196
Amounts recognized in the Consolidated Balance Sheets as of end of year
Total assets	13,531	11,829
Current liabilities	(218)	(205)
Long-term liabilities	(1,421)	(1,428)
Total liabilities	(1,639)	(1,633)
Amounts recognized in accumulated other comprehensive loss at end of year
Net actuarial loss (gain)	3,834	2,063	40,487	$ 48,121
Other Benefits
Change in projected benefit obligation
Projected benefit obligation, beginning of year	1,144	1,160
Interest cost	53	53	54
Actuarial (gains) losses	4	(39)
Benefits paid	(38)	(30)
Curtailments and settlements	0	0
Currency translation (gain) loss	0	0
Projected benefit obligation, end of year	1,163	1,144	1,160
Change in plan assets
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets	0	0
Contributions by employer	38	30
Benefits paid	(38)	(30)
Curtailments and settlements	0	0
Expenses paid from assets	0	0
Currency translation gain (loss)	0	0
Fair value of plan assets, end of year	0	0	0
Funded status
Overfunded (unfunded) benefit obligation, end of year	(1,163)	(1,144)
Amounts recognized in the Consolidated Balance Sheets as of end of year
Total assets	0	0
Current liabilities	(215)	(201)
Long-term liabilities	(948)	(943)
Total liabilities	(1,163)	(1,144)
Amounts recognized in accumulated other comprehensive loss at end of year
Net actuarial loss (gain)	$ (102)	$ (126)	$ (87)	$ (66)

MARKET RISKS AND CONCENTRATIONS	12 Months Ended
MARKET RISKS AND CONCENTRATIONS	Dec. 28, 2025
Risks and Uncertainties [Abstract]
MARKET RISKS AND CONCENTRATIONS	MARKET RISKS AND CONCENTRATIONS The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash equivalents, investment securities and trade accounts receivable. The Company’s cash equivalents and investment securities are high-quality debt and equity securities placed with major banks and financial institutions. The Company’s trade accounts receivable are generally unsecured. Credit evaluations are performed on all significant customers and updated as circumstances dictate. Concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of customers and their dispersion across geographic areas. The Company does not have a single customer that exceeds 10% of net sales. The Company does not believe it has significant concentrations of credit risk in its trade accounts receivable. As of December 28, 2025, the Company employed over 63,000 people. Approximately 35% of the Company’s employees were covered under collective bargaining agreements. Substantially, all employees covered under collective bargaining agreements are covered under agreements that expire in 2026 or later. The Company has not experienced any labor-related work stoppage at any location in over ten years. The Company believes its relationship with its employees and union leadership is satisfactory. At any given time, the Company will likely be in some stage of contract negotiations with various collective bargaining units. In the absence of an agreement, the Company may become subject to labor disruption at one or more of these locations, which could have an adverse effect on financial results. As of December 28, 2025, the aggregate carrying amount of net assets belonging to our Mexico and Europe reportable segments was $0.6 billion and $3.1 billion, respectively. As of December 29, 2024, the aggregate carrying amount of net assets belonging to our Mexico and Europe reportable segments was $0.7 billion and $2.9 billion, respectively.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details

RESTRUCTURING-RELATED ACTIVITIES - Schedule of Expected Future Restructuring Costs (Details) $ in Thousands	12 Months Ended
	Dec. 28, 2025 USD ($)
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	$ 101,595
Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag	Other exit and disposal costs(a)
Costs incurred since earliest implementation date	$ 101,595
Pilgrim’s Food Masters 2024
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	39,061
Costs incurred since earliest implementation date	39,061
Pilgrim’s Europe Central
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	62,534
Costs incurred since earliest implementation date	62,534
Employee-related costs
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	72,763
Costs incurred since earliest implementation date	72,763
Employee-related costs \| Pilgrim’s Food Masters 2024
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	19,413
Costs incurred since earliest implementation date	19,413
Employee-related costs \| Pilgrim’s Europe Central
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	53,350
Costs incurred since earliest implementation date	53,350
Asset impairment costs
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	12,720
Costs incurred since earliest implementation date	12,720
Asset impairment costs \| Pilgrim’s Food Masters 2024
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	10,865
Costs incurred since earliest implementation date	10,865
Asset impairment costs \| Pilgrim’s Europe Central
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	1,855
Costs incurred since earliest implementation date	1,855
Contract termination costs
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	2,590
Costs incurred since earliest implementation date	2,590
Contract termination costs \| Pilgrim’s Food Masters 2024
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	845
Costs incurred since earliest implementation date	845
Contract termination costs \| Pilgrim’s Europe Central
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	1,745
Costs incurred since earliest implementation date	1,745
Other exit and disposal costs
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	13,522
Costs incurred since earliest implementation date	13,522
Other exit and disposal costs \| Pilgrim’s Food Masters 2024
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	7,938
Costs incurred since earliest implementation date	7,938
Other exit and disposal costs \| Pilgrim’s Europe Central
Restructuring Cost and Reserve [Line Items]
Costs incurred and expected to be incurred	5,584
Costs incurred since earliest implementation date	$ 5,584

LEASES - Narrative (Details)	12 Months Ended
LEASES - Narrative (Details)	Dec. 28, 2025 segment
Lessee, Lease, Description [Line Items]
Number of reportable business segments	3
Renewal term (up to) (in years)	5 years
Termination term (in years)	1 year
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms (in years)	17 years

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Net pension and other postretirement cost
Impact on defined benefit obligation for pension benefits, increase in discount rate of 0.25%	$ (3,189)
Impact on defined benefit obligation for pension benefits, decrease in discount rate of 0.25%	$ 3,358
Pension Benefits
Benefit obligation
Discount rate	5.49%	4.68%	4.81%
Net pension and other postretirement cost
Discount rate	5.50%	4.56%	4.93%
Expected return on plan assets	6.06%	6.17%	4.95%
Other Benefits
Benefit obligation
Discount rate	4.67%	5.30%	5.06%
Net pension and other postretirement cost
Discount rate	5.30%	5.06%	5.16%

REVENUE RECOGNITION - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 18,497,553	$ 17,878,291	$ 17,362,217
Retail
Disaggregation of Revenue [Line Items]
Total net sales	10,031,176	9,498,353	8,833,703
Foodservice
Disaggregation of Revenue [Line Items]
Total net sales	5,898,527	5,857,910	5,733,268
Export
Disaggregation of Revenue [Line Items]
Total net sales	1,029,543	946,039	1,005,862
Other
Disaggregation of Revenue [Line Items]
Total net sales	1,538,307	1,575,989	1,789,384
Fresh
Disaggregation of Revenue [Line Items]
Total net sales	12,263,519	11,688,178	10,976,838
Prepared
Disaggregation of Revenue [Line Items]
Total net sales	4,706,712	4,696,266	4,716,433
Export
Disaggregation of Revenue [Line Items]
Total net sales	1,029,543	946,039	1,005,862
Other
Disaggregation of Revenue [Line Items]
Total net sales	497,779	547,808	663,084
U.S.
Disaggregation of Revenue [Line Items]
Total net sales	10,998,732	10,629,929	10,027,742
U.S. \| Retail
Disaggregation of Revenue [Line Items]
Total net sales	6,129,565	5,708,826	5,111,023
U.S. \| Foodservice
Disaggregation of Revenue [Line Items]
Total net sales	4,024,380	4,029,197	3,829,397
U.S. \| Export
Disaggregation of Revenue [Line Items]
Total net sales	451,284	468,553	533,205
U.S. \| Other
Disaggregation of Revenue [Line Items]
Total net sales	393,503	423,353	554,117
U.S. \| Fresh
Disaggregation of Revenue [Line Items]
Total net sales	8,892,558	8,731,904	8,105,268
U.S. \| Prepared
Disaggregation of Revenue [Line Items]
Total net sales	1,316,423	1,094,818	978,423
U.S. \| Export
Disaggregation of Revenue [Line Items]
Total net sales	451,284	468,553	533,205
U.S. \| Other
Disaggregation of Revenue [Line Items]
Total net sales	338,467	334,654	410,846
Europe
Disaggregation of Revenue [Line Items]
Total net sales	5,378,865	5,136,747	5,203,322
Europe \| Retail
Disaggregation of Revenue [Line Items]
Total net sales	3,331,499	3,257,803	3,220,272
Europe \| Foodservice
Disaggregation of Revenue [Line Items]
Total net sales	932,128	846,284	917,304
Europe \| Export
Disaggregation of Revenue [Line Items]
Total net sales	578,259	477,486	472,657
Europe \| Other
Disaggregation of Revenue [Line Items]
Total net sales	536,979	555,174	593,089
Europe \| Fresh
Disaggregation of Revenue [Line Items]
Total net sales	1,607,792	1,178,459	1,074,900
Europe \| Prepared
Disaggregation of Revenue [Line Items]
Total net sales	3,150,863	3,381,178	3,525,359
Europe \| Export
Disaggregation of Revenue [Line Items]
Total net sales	578,259	477,486	472,657
Europe \| Other
Disaggregation of Revenue [Line Items]
Total net sales	41,951	99,624	130,406
Mexico
Disaggregation of Revenue [Line Items]
Total net sales	2,119,956	2,111,615	2,131,153
Mexico \| Retail
Disaggregation of Revenue [Line Items]
Total net sales	570,112	531,724	502,408
Mexico \| Foodservice
Disaggregation of Revenue [Line Items]
Total net sales	942,019	982,429	986,567
Mexico \| Export
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0
Mexico \| Other
Disaggregation of Revenue [Line Items]
Total net sales	607,825	597,462	642,178
Mexico \| Fresh
Disaggregation of Revenue [Line Items]
Total net sales	1,763,169	1,777,815	1,796,670
Mexico \| Prepared
Disaggregation of Revenue [Line Items]
Total net sales	239,426	220,270	212,651
Mexico \| Export
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0
Mexico \| Other
Disaggregation of Revenue [Line Items]
Total net sales	$ 117,361	$ 113,530	$ 121,832

SUPPLIER FINANCE PROGRAMS

12 Months Ended

Dec. 28, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLIER FINANCE PROGRAMS

The Company maintains supplier finance programs, under which we agree to pay for invoices that are confirmed as valid under the program from participating suppliers to a financing entity. Maturity dates are generally between 65-120 days and we pay either the supplier or the financing entity depending on the supplier’s election. We do not have an economic interest in a supplier’s participation in the program or a direct financial relationship with the financial institution funding the program. The outstanding balances are included in Accounts payable in the Consolidated Balance Sheets.


	Year Ended
	December 28, 2025		December 29, 2024
	(In thousands)
Confirmed obligations outstanding, beginning of year	$	152,780	$	192,666
Invoices confirmed during the year	865,260		870,540
Confirmed invoices paid during the year	(808,646)		(910,426)
Confirmed obligations outstanding, end of year	$	209,394	$	152,780

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Dec. 25, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 640,235	$ 2,040,834
Restricted cash and restricted cash equivalents	0	2,324
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the Consolidated Statements of Cash Flows	$ 640,235	$ 2,043,158	$ 731,223	$ 434,759

LEASES (Tables)

12 Months Ended

Dec. 28, 2025

Leases [Abstract]

Schedule of Components of Lease Expense and Supplemental Cash Flow Information


	Year Ended
	December 28, 2025		December 29, 2024
Operating lease cost(a)	$	82,986	$	86,684
Amortization of finance lease assets	426		650
Interest on finance leases	39		58
Short-term lease cost	104,274		103,364
Variable lease cost	2,315		2,577
Net lease cost	$	190,040	$	193,333

(a)Sublease income is immaterial and not included in operating lease costs.

Supplemental cash flow information related to leases is as follows (in thousands):


	Year Ended
	December 28, 2025		December 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$	86,231	$	84,806
Operating cash flows - finance leases	43		40
Financing cash flows - finance leases	540		616
Operating lease assets obtained in exchange for operating lease liabilities	77,973		66,060

Schedule of Weighted-Average Remaining Lease Term and Discount Rate and Lease Liabilities

The weighted-average remaining lease term and discount rate for lease liabilities included in our Consolidated Balance Sheets are as follows:


	December 28, 2025		December 29, 2024
Weighted-average remaining lease term:
Operating leases	6.05 years		6.11 years
Finance leases	2.39 years		3.35 years
Weighted-average discount rate:
Operating leases	5.09	%	4.53	%
Finance leases	2.90	%	2.66	%

Lease liabilities are included in our Consolidated Balance Sheets as follows (in thousands):


	December 28, 2025				December 29, 2024
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Accrued expenses and other current liabilities	$	59,630	$	—	$	63,327	$	—
Current maturities of long-term debt	—		585		—		536
Noncurrent operating lease liability, less current maturities	199,315		—		195,944		—
Long-term debt, less current maturities	—		804		—		1,256
Total lease liabilities	$	258,945	$	1,389	$	259,271	$	1,792

Schedule of Future Minimum Operating Lease Payments

Future minimum lease payments under noncancelable leases as of December 28, 2025 are as follows (in thousands):


	Operating Leases		Finance Leases
For the fiscal years ending December:
2026	$	78,436	$	617
2027	59,386		575
2028	44,698		248
2029	33,482		—
2030	21,380		—
Thereafter	61,848		—
Total future minimum lease payments	299,230		1,440
Less: imputed interest	(40,285)		(51)
Present value of lease liabilities	$	258,945	$	1,389

Schedule of Future Minimum Finance Lease Payments

Future minimum lease payments under noncancelable leases as of December 28, 2025 are as follows (in thousands):


	Operating Leases		Finance Leases
For the fiscal years ending December:
2026	$	78,436	$	617
2027	59,386		575
2028	44,698		248
2029	33,482		—
2030	21,380		—
Thereafter	61,848		—
Total future minimum lease payments	299,230		1,440
Less: imputed interest	(40,285)		(51)
Present value of lease liabilities	$	258,945	$	1,389

LEASES - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Leases [Abstract]
Operating lease cost	$ 82,986	$ 86,684
Amortization of finance lease assets	426	650
Interest on finance leases	39	58
Short-term lease cost	104,274	103,364
Variable lease cost	2,315	2,577
Net lease cost	$ 190,040	$ 193,333

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Outstanding Derivative Instruments and Cash Collateral (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Fair values
Cash collateral posted with brokers	$ 0	$ 2,324
Margin cash payable	$ (3,886)	$ 0
Corn
Derivatives coverage:
Derivatives coverage (as a percent)	11.60%	11.50%
Soybean meal
Derivatives coverage:
Derivatives coverage (as a percent)	13.80%	9.30%
Commodity derivatives
Fair values
Derivative assets	$ 9,509	$ 6,598
Derivative liabilities	(1,343)	(2,494)
Foreign currency derivative
Fair values
Derivative assets	95	755
Derivative liabilities	(205)	(1,397)
Sales contract derivative liabilities
Fair values
Derivative liabilities	$ (2,638)	$ (778)

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 28, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents


	December 28, 2025		December 29, 2024
	(In thousands)
Cash and cash equivalents	$	640,235	$	2,040,834
Restricted cash and restricted cash equivalents	—		2,324
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the Consolidated Statements of Cash Flows	$	640,235	$	2,043,158

Schedule of Restricted Cash and Restricted Cash Equivalents


	December 28, 2025		December 29, 2024
	(In thousands)
Cash and cash equivalents	$	640,235	$	2,040,834
Restricted cash and restricted cash equivalents	—		2,324
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the Consolidated Statements of Cash Flows	$	640,235	$	2,043,158

STOCKHOLDERS' EQUITY - Schedule of Reclassification from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Net sales	$ 18,497,553	$ 17,878,291	$ 17,362,217
Cost of sales	(16,139,410)	(15,565,524)	(16,243,816)
Interest income	51,118	72,666	35,651
Miscellaneous, net	5,646	(15,316)	30,127
Tax benefit (expense)	(418,794)	(325,046)	(42,905)
Net income	1,083,344	1,087,223	$ 322,317
Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Income before income taxes	(1,280)	(20,599)
Tax benefit (expense)	(377)	5,510
Net income	(1,657)	(15,089)
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedges \| Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Net sales	(2,836)	1,367
Cost of sales	22	482
Realized gain (loss) on sale of securities \| Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Interest income	(156)	82
Realized loss on settlement of pension obligation from plan termination \| Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Miscellaneous, net	1,611	(21,714)
Amortization of pension and other postretirement plan actuarial losses \| Amount Reclassified from Accumulated Other Comprehensive Loss
Amortization of defined benefit pension and other postretirement plan actuarial losses:
Miscellaneous, net	$ 79	$ (816)

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivatives Line Item in Condensed Consolidated Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Derivative [Line Items]
Net sales	$ 18,497,553	$ 17,878,291	$ 17,362,217
Cost of sales	16,139,410	15,565,524	16,243,816
Impact from cash flow hedging instruments	(2,814)	1,849	$ (1,813)
Sales contract \| Net sales
Derivative [Line Items]
Net sales	18,497,553	17,878,291
Commodity derivatives \| Cost of sales
Derivative [Line Items]
Cost of sales	16,139,410	15,565,524
Foreign currency derivatives \| Net sales
Derivative [Line Items]
Impact from cash flow hedging instruments	(2,836)	1,367
Foreign currency derivatives \| Cost of sales
Derivative [Line Items]
Impact from cash flow hedging instruments	$ (22)	$ (482)

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-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

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

INVESTMENTS IN SECURITIES - Schedule of Available-For-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 28, 2025	Dec. 29, 2024
Fixed income securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 0	$ 10,000
Fair Value	0	10,220
Fixed income securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	520,809	1,702,493
Fair Value	$ 520,899	$ 1,702,697

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

INCENTIVE COMPENSATION - Schedule of Compensation Costs and Income Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Equity-based awards compensation cost
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total cost	$ 29,354	$ 15,414	$ 7,587
Income tax benefit (expense)	7,206	3,730	1,836
Net cost	22,148	11,684	5,751
Equity-based awards compensation cost \| Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total cost	3,233	2,439	629
Equity-based awards compensation cost \| Selling, general and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total cost	26,121	12,975	6,958
Liability-based awards compensation cost
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit (expense)	1,339	(473)	603
Net cost	4,114	(1,480)	1,888
Liability-based awards compensation cost \| Selling, general and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total cost	$ 5,453	$ (1,953)	$ 2,491

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

RESTRUCTURING-RELATED ACTIVITIES (Tables)

12 Months Ended

Dec. 28, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table provides a summary of our estimates of timelines and costs associated with these restructuring initiatives by major type of cost:


	Pilgrim’s Food Masters 2024		Pilgrim’s Europe Central		Total
	(In thousands)
Earliest implementation date	April 2024		January 2024
Predominant completion date	March 2025		June 2025
Costs incurred and expected to be incurred
Employee-related costs	$	19,413	$	53,350	$	72,763
Asset impairment costs	10,865		1,855		12,720
Contract termination costs	845		1,745		2,590
Other exit and disposal costs(a)	7,938		5,584		13,522
Total exit and disposal costs(b)	$	39,061	$	62,534	$	101,595
Costs incurred since earliest implementation date
Employee-related costs	$	19,413	$	53,350	$	72,763
Asset impairment costs	10,865		1,855		12,720
Contract termination costs	845		1,745		2,590
Other exit and disposal costs(a)	7,938		5,584		13,522
Total exit and disposal costs(b)	$	39,061	$	62,534	$	101,595

(b)All costs, except for asset impairment costs, are estimated to result in cash outlays.

During 2025, the Company recognized the following expenses and paid the following cash related to each restructuring initiative:


	Expenses		Cash Outlays
	(In thousands)
Pilgrim’s Food Masters 2024	$	(1,672)	$	4,676
Pilgrim’s Europe Central	29,839		24,591
Prior programs substantially complete	3,187		2,480
Total	$	31,354	$	31,747

Schedule of Restructuring Reserve


	Pilgrim’s Food Masters 2024
	Liability or reserve as of December 29, 2024		Restructuring charges incurred		Cash payments and disposals		Currency translation		Liability or reserve as of December 28, 2025
	(In thousands)
Employee retention benefits	$	76	$	139	$	(218)	$	3	$	—
Severance	1,620		(354)		(1,332)		66		—
Asset impairment	—		58		(58)		—		—
Inventory adjustments	—		(34)		34		—		—
Lease termination	290		(302)		(6)		18		—
Other charges	4,787		(1,179)		(3,126)		245		727
Total	$	6,773	$	(1,672)	$	(4,706)	$	332	$	727


	Pilgrim’s Europe Central
	Liability or reserve as of December 29, 2024		Restructuring charges incurred		Cash payments and disposals		Currency translation		Liability or reserve as of December 28, 2025
	(In thousands)
Employee retention benefits	$	—	$	(173)	$	173	$	—	$	—
Severance	2,823		25,566		(23,685)		886		5,590
Asset impairment	—		31		(31)		—		—
Inventory adjustments	91		—		(96)		5		—
Lease termination	—		2,172		(2,293)		121		—
Other charges	67		2,246		(6)		28		2,335
Contract termination	1,223		(3)		(1,073)		80		227
Total	$	4,204	$	29,839	$	(27,011)	$	1,120	$	8,152

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 28, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company maintains a robust cybersecurity infrastructure to safeguard our operations, networks and data through comprehensive security measures including our technology tools, internal management and external service providers. The Company’s Chief Information Officer (“CIO”) is responsible for assessing, identifying, and managing the risks from cybersecurity threats. Our CIO has significant experience in information technology and many of our information technology team members hold qualifications in technology security positions. We maintain a cross-functional Cybersecurity Committee, as well as a Global Security Committee consisting of the information technology professionals and security managers from each country in which we have operations. We have both policies and procedures that align with the National Institute of Standards and Technology Cybersecurity Framework. Our information security program includes, among other aspects, vulnerability management, antivirus and malware protection, encryption and access control, and employee training. Our CIO, together with our Global Security Committee, reviews emerging threats, controls, and procedures as part of assessing, identifying, and managing risks. Risks identified by our cybersecurity program are analyzed to determine the potential impact on us and the likelihood of occurrence. Such risks are continuously monitored to ensure that the circumstances and severity of such risks have not changed. We also endeavor to apprise employees of emerging risks and require them to undergo regular security awareness trainings and supplemental trainings as needed. Additionally, we conduct periodic internal exercises to gauge the effectiveness of the trainings and assess the need for additional training. At least annually, we engage independent third-party cybersecurity providers for testing and vulnerability detection. We regularly engage with third-party vendors to perform external penetration testing, which identifies potential threats and reduces the impact and/or likelihood of these threats. Our employees perform similar intrusion tests and internal and external scans to help improve and harden the company’s security posture. We also conduct security assessments of our IT vendors and certain business partners and maintain cyber incident response plans that are periodically reviewed and updated by our IT Security and Cyber Defense Teams and leveraged table top exercised performed by our IT teams. The incident response plan ties into our Cybersecurity Committee processes for review to ensure the required reporting of material incidents to the Board of Directors, as applicable.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company maintains a robust cybersecurity infrastructure to safeguard our operations, networks and data through comprehensive security measures including our technology tools, internal management and external service providers.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board of Directors, primarily through the Audit Committee, oversees management’s approach to managing cybersecurity risks as part of its risk management oversight. The Audit Committee holds discussions at least annually with management regarding the Company’s guidelines and policies with respect to cybersecurity risks and receives regular reports from the CIO regarding such risks and the steps management has taken to monitor and control any exposure resulting from such risks. Computer viruses, hackers, and employee or vendor misconduct, and other external hazards could expose our data systems and those of our vendors to security breaches, cybersecurity incidents or other disruptions, any of which could materially and adversely affect our ability to conduct our business. The sophistication of cybersecurity threats continues to increase, and the controls and preventative actions we take to reduce the risk of cybersecurity incidents and protect our systems, including the regular testing of our cybersecurity incident response plan, may be insufficient. In addition, new technology that could result in greater operational efficiency may further expose our computer systems to the risk of cybersecurity incidents. While we have experienced cybersecurity incidents, to date, we are not aware of any risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our CIO, together with our Global Security Committee, reviews emerging threats, controls, and procedures as part of assessing, identifying, and managing risks. Risks identified by our cybersecurity program are analyzed to determine the potential impact on us and the likelihood of occurrence. Such risks are continuously monitored to ensure that the circumstances and severity of such risks have not changed.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The incident response plan ties into our Cybersecurity Committee processes for review to ensure the required reporting of material incidents to the Board of Directors, as applicable.
Cybersecurity Risk Role of Management [Text Block]	The Company’s Chief Information Officer (“CIO”) is responsible for assessing, identifying, and managing the risks from cybersecurity threats. Our CIO has significant experience in information technology and many of our information technology team members hold qualifications in technology security positions. We maintain a cross-functional Cybersecurity Committee, as well as a Global Security Committee consisting of the information technology professionals and security managers from each country in which we have operations. We have both policies and procedures that align with the National Institute of Standards and Technology Cybersecurity Framework. Our information security program includes, among other aspects, vulnerability management, antivirus and malware protection, encryption and access control, and employee training. Our CIO, together with our Global Security Committee, reviews emerging threats, controls, and procedures as part of assessing, identifying, and managing risks. Risks identified by our cybersecurity program are analyzed to determine the potential impact on us and the likelihood of occurrence. Such risks are continuously monitored to ensure that the circumstances and severity of such risks have not changed. We also endeavor to apprise employees of emerging risks and require them to undergo regular security awareness trainings and supplemental trainings as needed. Additionally, we conduct periodic internal exercises to gauge the effectiveness of the trainings and assess the need for additional training. At least annually, we engage independent third-party cybersecurity providers for testing and vulnerability detection. We regularly engage with third-party vendors to perform external penetration testing, which identifies potential threats and reduces the impact and/or likelihood of these threats. Our employees perform similar intrusion tests and internal and external scans to help improve and harden the company’s security posture. We also conduct security assessments of our IT vendors and certain business partners and maintain cyber incident response plans that are periodically reviewed and updated by our IT Security and Cyber Defense Teams and leveraged table top exercised performed by our IT teams. The incident response plan ties into our Cybersecurity Committee processes for review to ensure the required reporting of material incidents to the Board of Directors, as applicable.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company’s Chief Information Officer (“CIO”) is responsible for assessing, identifying, and managing the risks from cybersecurity threats.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CIO has significant experience in information technology and many of our information technology team members hold qualifications in technology security positions.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Board of Directors, primarily through the Audit Committee, oversees management’s approach to managing cybersecurity risks as part of its risk management oversight.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 28, 2025

Payables and Accruals [Abstract]

Schedule of Current Liabilities

Current liabilities, other than income taxes and current maturities of long-term debt, consisted of the following components:


	December 28, 2025		December 29, 2024
	(In thousands)
Accounts payable
Trade accounts	$	1,400,186	$	1,269,417
Book overdrafts	160,068		113,364
Other payables	28,315		28,738
Total accounts payable	1,588,569		1,411,519
Accounts payable to related parties(a)	43,516		15,257
Revenue contract liabilities(b)	37,622		48,898
Accrued expenses and other current liabilities
Compensation and benefits	367,035		346,355
Litigation settlements	152,940		111,769
Accrued sales rebates	135,108		116,439
Insurance and self-insured claims	104,009		76,025
Interest and debt-related fees	64,947		65,192
Taxes	60,577		35,938
Current maturities of operating lease liabilities(c)	59,630		63,327
Derivative liabilities(d)	8,072		4,669
Other accrued expenses	143,540		195,790
Total accrued expenses and other current liabilities	1,095,858		1,015,504
Total current liabilities	$	2,765,565	$	2,491,178

(a)Additional information regarding accounts payable to related parties is included in “Note 19. Related Party Transactions.”

(b)Additional information regarding revenue contract liabilities is included in “Note 2. Revenue Recognition.”

(c)Additional information regarding current maturities of operating lease liabilities is included in “Note 3. Leases.”

(d)Additional information regarding derivative liabilities is included in “Note 4. Derivative Financial Instruments.”