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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Jun. 26, 2022
Jun. 27, 2021
Income Statement [Abstract]        
Net sales $ 4,631,648 $ 3,637,698 $ 8,872,043 $ 6,911,123
Cost of sales 3,954,877 3,257,457 7,653,292 6,269,639
Gross profit 676,771 380,241 1,218,751 641,484
Selling, general and administrative expense 163,867 503,372 303,834 606,151
Operating income (loss) 512,904 (123,131) 914,917 35,333
Interest expense, net of capitalized interest 38,112 50,651 74,408 80,985
Interest income (1,010) (842) (2,284) (3,208)
Foreign currency transaction losses 2,758 4,145 14,294 6,659
Miscellaneous, net (1,688) (770) (2,012) (8,614)
Income (loss) before income taxes 474,732 (176,315) 830,511 (40,489)
Income tax expense (benefit) 112,711 (9,812) 187,930 25,546
Net income (loss) 362,021 (166,503) 642,581 (66,035)
Less: Net income (loss) attributable to noncontrolling interests (95) 184 27 444
Net income (loss) attributable to Pilgrim’s Pride Corporation $ 362,116 $ (166,687) $ 642,554 $ (66,479)
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:        
Basic (in shares) 240,366 243,675 242,018 243,627
Effect of dilutive common stock equivalents (in shares) 607 0 619 0
Diluted (in shares) 240,973 243,675 242,637 243,627
Net income (loss) attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 1.51 $ (0.68) $ 2.65 $ (0.27)
Diluted (in dollars per share) $ 1.50 $ (0.68) $ 2.65 $ (0.27)