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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
Sep. 29, 2024
Sep. 24, 2023
Income Statement [Abstract]        
Net sales $ 4,584,979 $ 4,360,196 $ 13,506,227 $ 12,833,915
Cost of sales 3,901,009 4,014,314 11,746,722 12,036,561
Gross profit 683,970 345,882 1,759,505 797,354
Selling, general and administrative expense 144,780 138,569 478,017 420,683
Restructuring activities 30,836 940 82,070 38,684
Operating income 508,354 206,373 1,199,418 337,987
Interest expense, net of capitalized interest 41,597 45,645 114,041 135,459
Interest income (22,099) (12,115) (48,308) (23,343)
Foreign currency transaction losses (gains) (678) 8,924 (7,240) 43,462
Miscellaneous, net 7,935 (2,201) 5,153 (26,185)
Income before income taxes 481,599 166,120 1,135,772 208,594
Income tax expense 131,609 44,553 284,321 20,488
Net income 349,990 121,567 851,451 188,106
Less: Net income attributable to noncontrolling interests 130 289 867 1,185
Net income attributable to Pilgrim’s Pride Corporation $ 349,860 $ 121,278 $ 850,584 $ 186,921
Weighted average shares of Pilgrim’s Pride Corporation common stock outstanding:        
Basic (in shares) 237,123 236,787 236,953 236,702
Effect of dilutive common stock equivalents (in shares) 768 560 733 542
Diluted (in shares) 237,891 237,347 237,686 237,244
Net income attributable to Pilgrim’s Pride Corporation per share of common stock outstanding:        
Basic (in dollars per share) $ 1.48 $ 0.51 $ 3.59 $ 0.79
Diluted (in dollars per share) $ 1.47 $ 0.51 $ 3.58 $ 0.79