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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 26, 2021
Dec. 27, 2020
Dec. 29, 2019
Income Statement [Abstract]      
Net sales $ 14,777,458 $ 12,091,901 $ 11,409,219
Cost of sales 13,411,631 11,253,705 10,338,825
Gross profit 1,365,827 838,196 1,070,394
Selling, general and administrative expense 1,148,861 592,610 379,910
Restructuring activities 5,802 123 (84)
Operating income 211,164 245,463 690,568
Interest expense, net of capitalized interest 145,792 126,118 132,630
Interest income (6,056) (7,305) (14,277)
Foreign currency transaction (gains) losses (9,382) 760 6,917
Gain on bargain purchase 0 3,746 (56,880)
Miscellaneous, net (11,580) (39,681) 4,633
Income before income taxes 92,390 161,825 617,545
Income tax expense 61,122 66,755 161,009
Net income 31,268 95,070 456,536
Less: Net income attributable to noncontrolling interest 268 313 612
Net income attributable to Pilgrim’s Pride Corporation $ 31,000 $ 94,757 $ 455,924
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:      
Basic (in shares) 243,652 245,944 249,401
Effect of dilutive common stock equivalents (in shares) 477 180 308
Diluted (in shares) 244,129 246,124 249,709
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:      
Basic (in dollars per share) $ 0.13 $ 0.39 $ 1.83
Diluted (in dollars per share) $ 0.13 $ 0.39 $ 1.83