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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Jun. 30, 2024
Jun. 25, 2023
Income Statement [Abstract]        
Net sales $ 4,559,314 $ 4,308,091 $ 8,921,248 $ 8,473,719
Cost of sales 3,867,688 4,029,666 7,845,713 8,022,247
Gross profit 691,626 278,425 1,075,535 451,472
Selling, general and administrative expense 214,161 148,436 333,237 282,114
Restructuring activities 36,675 29,718 51,234 37,744
Operating income 440,790 100,271 691,064 131,614
Interest expense, net of capitalized interest 31,201 47,152 72,444 89,814
Interest income (15,863) (7,628) (26,209) (11,228)
Foreign currency transaction losses (gains) (2,225) 16,395 (6,562) 34,538
Miscellaneous, net 504 (1,331) (2,782) (23,984)
Income before income taxes 427,173 45,683 654,173 42,474
Income tax expense (benefit) 100,650 (15,225) 152,712 (24,065)
Net income 326,523 60,908 501,461 66,539
Less: Net income attributable to noncontrolling interests 220 452 737 896
Net income attributable to Pilgrim’s Pride Corporation $ 326,303 $ 60,456 $ 500,724 $ 65,643
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:        
Basic (in shares) 236,943 236,733 236,894 236,659
Effect of dilutive common stock equivalents (in shares) 790 476 721 527
Diluted (in shares) 237,733 237,209 237,615 237,186
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 1.38 $ 0.26 $ 2.11 $ 0.28
Diluted (in dollars per share) $ 1.37 $ 0.25 $ 2.11 $ 0.28