v3.26.1
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 28, 2026
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 28, 2026June 29, 2025June 28, 2026June 29, 2025
 (In thousands)
Sales to related parties
JBS Toledo N.V.$12,076 $10,530 $23,422 $20,645 
JBS USA Food Company(a)
12,845 4,963 20,532 9,781 
Other related parties3,166 1,447 5,729 1,740 
Total$28,087 $16,940 $49,683 $32,166 

Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)
$40,756 $37,024 $77,888 $73,516 
Seara Meats B.V.17,121 10,662 29,193 37,322 
Penasul UK LTD8,312 10,417 16,295 20,075 
JBS Asia Co Limited4,256 1,667 9,581 3,935 
JBS Toledo N.V.4,822 — 4,822 — 
Other related parties1,819 324 4,130 1,035 
Total$77,086 $60,094 $141,910 $135,883 
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)
$36,716 $167,291 $63,903 $185,381 
Total$36,716 $167,291 $63,903 $185,381 

Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)
$3,241 $2,299 $8,536 $6,817 
Total$3,241 $2,299 $8,536 $6,817 

June 28, 2026December 28, 2025
(In thousands)
Accounts receivable from related parties
JBS Toledo N.V.$22,030 $10,486 
JBS USA Food Company(a)(b)
4,646 1,629 
JBS Chile Ltda.296 — 
Other related parties1,247 1,283 
Total$28,219 $13,398 

June 28, 2026December 28, 2025
(In thousands)
Accounts payable to related parties
Seara Meats B.V.$9,800 $26,686 
JBS USA Food Company(a)
7,548 8,346 
JBS Asia Co Limited5,514 — 
Penasul UK LTD4,729 1,156 
JBS Toledo N.V.1,674 — 
Other related parties1,326 7,328 
Total$30,591 $43,516 
(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 28, 2026, goods purchased and in transit from JBS USA were immaterial and not reflected on our Condensed 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. The current agreement expires on the earlier of either termination by either party or until the occurrence of any mechanism where JBS USA becomes 100% owner of PPC. 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.