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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 29, 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 EndedSix Months Ended
 June 29, 2025June 30, 2024June 29, 2025June 30, 2024
 (In thousands)
Sales to related parties
JBS Toledo N.V.$10,530 $— $20,645 $— 
JBS USA Food Company(a)
4,963 8,263 9,781 13,637 
JBS Chile Ltda.995 759 991 1,946 
Other related parties452 509 749 1,079 
Total$16,940 $9,531 $32,166 $16,662 

Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)
$37,024 $41,862 $73,516 $82,186 
Seara Meats B.V.10,662 4,873 37,332 10,268 
Penasul UK LTD10,417 2,970 20,075 6,500 
JBS Asia Co Limited1,667 1,071 3,935 1,933 
Other related parties324 892 1,035 1,390 
Total$60,094 $51,668 $135,893 $102,277 

Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)
$167,291 $24,916 $185,381 $42,687 

Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)
$2,299 $4,563 $6,817 $7,252 

June 29, 2025December 29, 2024
(In thousands)
Accounts receivable from related parties
JBS Toledo N.V.$7,528 $— 
JBS USA Food Company(a)(b)
1,157 1,727 
JBS Chile Ltda.1,014 725 
Other related parties62 156 
Total$9,761 $2,608 
June 29, 2025December 29, 2024
(In thousands)
Accounts payable to related parties
JBS USA Food Company(a)(b)
$38,580 $5,424 
    Penasul UK LTD6,400 714 
Seara Meats B.V.6,261 4,861 
JBS Asia Co Limited2,726 4,023 
Other related parties— 235 
Total$53,967 $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 June 29, 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. The Company also has the Tax Sharing Agreement with JBS USA that governs the allocation, payment, and reimbursement obligations of U.S. income tax liabilities and assets among the Company and its relevant U.S. corporate subsidiaries.