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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 26, 2023
Income Statement [Abstract]    
Net sales $ 4,361,934 $ 4,165,628
Cost of sales 3,978,025 3,992,581
Gross profit 383,909 173,047
Selling, general and administrative expense 119,076 133,678
Restructuring activities 14,559 8,026
Operating income 250,274 31,343
Interest expense, net of capitalized interest 41,243 42,662
Interest income (10,346) (3,600)
Foreign currency transaction losses (gains) (4,337) 18,143
Miscellaneous, net (3,286) (22,653)
Income (loss) before income taxes 227,000 (3,209)
Income tax expense (benefit) 52,062 (8,840)
Net income 174,938 5,631
Less: Net income attributable to noncontrolling interests 517 444
Net income attributable to Pilgrim’s Pride Corporation $ 174,421 $ 5,187
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:    
Basic (in shares) 236,844 236,585
Effect of dilutive common stock equivalents (in shares) 647 579
Diluted (in shares) 237,491 237,164
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:    
Basic (in dollars per share) $ 0.74 $ 0.02
Diluted (in dollars per share) $ 0.73 $ 0.02