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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Income Statement [Abstract]      
Net sales $ 17,362,217 $ 17,468,377 $ 14,777,458
Cost of sales 16,243,816 15,656,574 13,411,631
Gross profit 1,118,401 1,811,803 1,365,827
Selling, general and administrative expense 551,770 604,742 1,148,861
Restructuring activities 44,345 30,466 5,802
Operating income 522,286 1,176,595 211,164
Interest expense, net of capitalized interest 202,272 152,672 145,792
Interest income (35,651) (9,028) (6,056)
Foreign currency transaction losses (gains) 20,570 30,817 (9,382)
Miscellaneous, net (30,127) (23,339) (11,580)
Income before income taxes 365,222 1,025,473 92,390
Income tax expense 42,905 278,935 61,122
Net income 322,317 746,538 31,268
Less: Net income attributable to noncontrolling interest 743 608 268
Net income attributable to Pilgrim’s Pride Corporation $ 321,574 $ 745,930 $ 31,000
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:      
Basic (in shares) 236,725 239,766 243,652
Effect of dilutive common stock equivalents (in shares) 572 628 477
Diluted (in shares) 237,297 240,394 244,129
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:      
Basic (in dollars per share) $ 1.36 $ 3.11 $ 0.13
Diluted (in dollars per share) $ 1.36 $ 3.10 $ 0.13