Quarterly Results

12 Months Ended

Dec. 25, 2011

QUARTERLY RESULTS (UNAUDITED) [Abstract]

Quarterly Financial Information [Text Block]

QUARTERLY RESULTS (UNAUDITED)

2011	First(a)			Second(b)			Third(c)			Fourth(d)			Year
	(In thousands, except per share data)
Net sales	$	1,892,476		$	1,922,690		$	1,891,224		$	1,829,308		$	7,535,698
Gross profit (loss)	(53,110		)	(46,228		)	(62,387		)	20,188			(141,537		)
Net loss attributable to Pilgrim’s Pride     Corporation common stockholders	(120,760		)	(128,141		)	(162,516		)	(85,355		)	(496,772		)
Net loss per share amounts—     basic and diluted	(0.56		)	(0.60		)	(0.76		)	(0.40		)	(2.32		)
Number of days in quarter	91			91			91			91			364

(a) In the first quarter of 2011, the Company recognized net gains on derivative financial instruments of $32.0 million.

(b) In the second quarter of 2011, the Company recognized asset impairment charges of $2.8 million and net losses on derivative financial instruments of $5.7 million.

(c) In the third quarter of 2011, the Company recognized restructuring charges of $11.5 million, asset impairment charges of $11.6 million and net gains on derivative financial instruments of $34.4 million.

(d) In the fourth quarter of 2011, the Company recognized restructuring charges of $14.6 million, asset impairment charges of $11.3 million and net gains on derivative financial instruments of $3.1 million.

2010	First(a)			Second(b)		Third(c)		Fourth(d)		Year
	(In thousands, except per share data)
Net sales	$	1,642,918		$	1,707,568	$	1,719,850	$	1,811,293	$	6,881,629
Gross profit	52,019			132,491		157,294		119,189		460,993
Net income (loss) attributable to     Pilgrim's Pride Corporation common     stockholders	(45,547		)	32,918		57,926		41,844		87,141
Net income (loss) per share amounts -     basic and diluted	(0.21		)	0.15		0.27		0.20		0.41
Number of days in quarter	91			91		91		92		365

(a) In the first quarter of 2010, the Company recognized reorganization charges of $20.7 million, restructuring charges of $35.8 million and net losses on derivative financial instruments of $11.4 million.

(b) In the second quarter of 2010, the Company recognized reorganization credits of $2.2 million, restructuring charges of $2.1 million, asset impairment charges of $14.8 million, net gains on derivative financial instruments of $2.4 million and Mt. Pleasant Fire insurance recoveries of $0.3 million.

(c) In the third quarter of 2010, the Company recognized restructuring charges of $1.1 million, asset impairment charges of $0.4 million and net gains on derivative financial instruments of $15.4 million.

(d) In the fourth quarter of 2010, the Company recognized restructuring charges of $4.9 million, asset impairment charges of $11.2 million and net gains on derivative financial instruments of $62.8 million.

Transition Period (a)
(In thousands, except per share data)
Net sales	$	1,602,734
Gross profit	68,753
Net income attributable to Pilgrim’s Pride Corporation common stockholders	33,613
Net income per share amounts—basic	0.45
Net income per share amounts—diluted	0.44
Number of days in the Transition Period	91

(a) In the three months ended December 27, 2009, the Company recognized reorganization charges of $32.7 million and restructuring charges of $1.5 million.

2009	First(a)			Second(b)			Third(c)		Fourth(d)		Year
	(In thousands, except per share data)
Net sales	$	1,876,991		$	1,698,102		$	1,776,813	$	1,736,149	$	7,088,055
Gross profit (loss)	(100,646		)	79,938			166,967		164,544		310,803
Net income (loss) attributable to     Pilgrim's Pride Corporation common     stockholders	(228,782		)	(58,765		)	53,239		82,726		(151,582		)
Per share amounts-basic:
Continuing operations	$	(3.10	)	$	(0.79	)	$	0.72	$	1.11	$	(2.06	)
Discontinued business	0.01			—			—		—		0.01
Net income (loss)	(3.09		)	(0.79		)	0.72		1.11		(2.05		)
Per share amounts-diluted:
Continuing operations	$	(3.10	)	$	(0.79	)	$	0.69	$	1.07	$	(2.06	)
Discontinued operations	0.01			—			—		—		0.01
Net income (loss)	(3.09		)	(0.79		)	0.69		1.07		(2.05		)
Number of days in quarter	91			91			91		91		364

(a) In the first quarter of 2009, the Company recognized post-petition reorganization charges of $13.3 million, pre-petition restructuring charges of $2.4 million, losses on derivative financial instruments of $21.4 million and Mt. Pleasant Fire insurance recoveries of $5.0 million.

(b) In the second quarter of 2009, the Company recognized post-petition reorganization charges of $35.4 million, pre-petition restructuring credits of $0.4 million and Mt. Pleasant Fire insurance recoveries of $5.0 million.

(c) In the third quarter of 2009, the Company recognized post-petition reorganization charges of $16.8 million and Mt. Pleasant Fire insurance recoveries of $15.0 million.

(d) In the fourth quarter of 2009, the Company recognized post-petition reorganization charges of $21.8 million, restructuring charges of $12.5 million and Mt. Pleasant Fire insurance recoveries of $17.0 million.