RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Pilgrim’s has been and, in some cases, continues to be a party to certain transactions with affiliated companies.

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Sales to related parties
JBS Toledo N.V.	$	10,115	$	—
JBS USA Food Company(a)	4,817		5,374
Other related parties	293		1,757
Total	$	15,225	$	7,131

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)	$	36,492	$	40,324
Seara Meats B.V.	26,670		5,395
Penasul UK LTD	9,658		3,530
JBS Asia Co Limited	2,268		863
Other related parties	711		498
Total	$	75,799	$	50,610

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)	$	18,090	$	17,771

	Three Months Ended
	March 30, 2025		March 31, 2024
	(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)	$	4,518	$	2,689

	March 30, 2025		December 29, 2024
	(In thousands)
Accounts receivable from related parties
JBS Toledo N.V.	$	6,613	$	—
JBS USA Food Company(a)	3,837		1,727
JBS Chile Ltda.	20		725
Other related parties	142		156
Total	$	10,612	$	2,608

	March 30, 2025		December 29, 2024
	(In thousands)
Accounts payable to related parties
Seara Meats B.V.	$	19,381	$	4,861
JBS USA Food Company(a)	3,198		5,424
JBS Asia Co Limited	2,160		4,023
Other related parties	2,541		949
Total	$	27,280	$	15,257

(a)The Company routinely executes transactions to both purchase products from JBS USA Food Company (“JBS USA”) and sell products to them. As of March 30, 2025, goods purchased and in transit from JBS USA were immaterial and not reflected on our Consolidated Balance Sheets.

(b)The Company has an agreement with JBS USA to allocate costs associated with JBS USA’s procurement of SAP licenses and maintenance services for both companies. Under this agreement, the fees associated with procuring SAP licenses and maintenance services are allocated between the Company and JBS USA in proportion to the percentage of licenses used by each company. The agreement expires on the date of expiration, or earlier termination, of the underlying SAP license agreement. The Company also has an agreement with JBS USA to allocate the costs of supporting the business operations by one consolidated corporate team, which have historically been supported by their respective corporate teams. Expenditures paid by JBS USA on behalf of the Company will be reimbursed by the Company and expenditures paid by the Company on behalf of JBS USA will be reimbursed by JBS USA. This agreement expires on December 31, 2025.