Pilgrim's Pride Q2 profit falls 48% on oversupply, lower prices Sales miss estimates as margins come under pressure30 July 2026 30 July 2026 1 minute read 1 minute read By: By: Global Ag Media North AmericaPilgrim's Pride reported a 48% year-on-year drop in adjusted EBITDA in the second quarter, with sales falling 2.8% and missing analyst expectations, as lower commodity pricing and supply growth outpacing demand weighed on results, according to Reuters. The US poultry producer said profitability declined from the previous year due to reductions in commodity market pricing, with supply rising faster than demand and putting pressure on margins. Sequential margin improvement was supported by the completion of plant upgrades and gains in live operations. The company said it expects investments in plant upgrades and operational improvements to help mitigate commodity volatility going forward, and that expansion projects in the US and Mexico remain on schedule.