About the company
Pilgrim's Pride, the second-largest poultry producer in the U.S., has a dominant presence not only in the domestic market but also in Europe and Mexico. With 62% of its 2021 sales coming from the U.S., the company has established itself as a trusted source of high-quality poultry products for American consumers. Additionally, Pilgrim's Pride has managed to capture a significant market share in Europe, where it accounts for 26% of sales, and in Mexico, where it holds a 12% market share. Breaking into a new market, Pilgrim's Pride made a strategic move in 2019 by acquiring Tulip, the U.K.'s largest hog producer. This acquisition gave the company a foothold in the pork market, which now constitutes approximately 10% of Pilgrim's Pride's total sales. By diversifying its protein offerings, the company has expanded its product portfolio and can cater to a wider range of customers. Pilgrim's Pride primarily sells its products to chain restaurants, food processors, and retail chains. Its channel exposure is fairly balanced, with an equal split between retail and food service customers. However, quick-service restaurants represent a significant portion of Pilgrim's Pride's food-service revenue. This strong presence in the quick-service restaurant segment highlights the company's ability to produce and deliver poultry products efficiently and in large quantities to meet the demands of this dynamic market. Ownership-wise, Pilgrim's Pride is closely tied to JBS, one of the world's largest meat processing companies. JBS currently holds 80% of Pilgrim's Pride's outstanding shares, demonstrating its strong influence over the company's operations and strategies. In late 2021, JBS attempted to purchase the remaining 20% of Pilgrim's Pride's shares. However, the board of Pilgrim's Pride rejected JBS' offer of $26.50 per share, deeming it inadequate. This decision has garnered support from various stakeholders, including industry experts who believe that Pilgrim's Pride has significant growth potential and that its current valuation is undervalued. Looking ahead, Pilgrim's Pride is well-positioned to capitalize on the growing demand for protein-rich food products worldwide. The company's extensive distribution network, coupled with its reputation for quality and reliability, provides a strong competitive advantage in the poultry and pork markets. As consumer preferences evolve and the global population continues to grow, Pilgrim's Pride will likely play a crucial role in meeting the increasing need for protein in various forms. By leveraging its existing infrastructure and strategic partnerships, Pilgrim's Pride has the potential to further expand its market reach and solidify its position as a leading player in the protein industry.
Website: https://www.pilgrims.com
Data updated: June 5, 2026
