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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 26, 2023
Mar. 27, 2022
Income Statement [Abstract]    
Net sales $ 4,165,628 $ 4,240,395
Cost of sales 3,992,581 3,698,415
Gross profit 173,047 541,980
Selling, general and administrative expense 133,678 139,967
Restructuring activities 8,026 0
Operating income 31,343 402,013
Interest expense, net of capitalized interest 42,662 36,296
Interest income (3,600) (1,274)
Foreign currency transaction losses 18,143 11,536
Miscellaneous, net (22,653) (324)
Income (loss) before income taxes (3,209) 355,779
Income tax expense (benefit) (8,840) 75,219
Net income 5,631 280,560
Less: Net income attributable to noncontrolling interests 444 122
Net income attributable to Pilgrim’s Pride Corporation $ 5,187 $ 280,438
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:    
Basic (in shares) 236,585 243,670
Effect of dilutive common stock equivalents (in shares) 579 630
Diluted (in shares) 237,164 244,300
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (in dollars per share) $ 0.02 $ 1.15
Diluted (in dollars per share) $ 0.02 $ 1.15