v3.26.3
RELATED PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 27, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Pilgrim’s has been and, in some cases, continues to be a party to certain transactions with affiliated companies.
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Sales to related parties
JBS Toledo N.V.$10,204 $8,931 $33,626 $29,576 
JBS USA Food Company(a)
10,089 8,146 30,621 17,927 
Other related parties3,557 4,622 9,286 6,362 
Total$23,850 $21,699 $73,533 $53,865 

Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Cost of goods purchased from related parties
JBS USA Food Company(a)
$41,640 $35,248 $119,528 $108,764 
Seara Meats B.V.10,491 32,924 39,684 70,256 
Penasul UK LTD9,887 11,380 26,182 31,455 
JBS Toledo N.V.2,935 — 7,757 — 
JBS Asia Co Limited2,392 713 11,973 4,648 
Other related parties1,943 764 6,073 1,799 
Total$69,288 $81,029 $211,197 $216,922 

Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Expenditures paid by related parties
JBS USA Food Company(b)
$44,635 $26,699 $108,538 $212,080 
Total$44,635 $26,699 $108,538 $212,080 

Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Expenditures paid on behalf of related parties
JBS USA Food Company(b)
$3,296 $3,249 $11,832 $10,066 
Total$3,296 $3,249 $11,832 $10,066 
September 27, 2026December 28, 2025
(In thousands)
Accounts receivable from related parties
JBS Toledo N.V.$15,057 $10,486 
JBS USA Food Company(a)(b)
2,540 1,629 
JBS Chile Ltda.409 — 
Other related parties1,742 1,283 
Total$19,748 $13,398 

September 27, 2026December 28, 2025
(In thousands)
Accounts payable to related parties
JBS USA Food Company(a)
$31,245 $8,346 
Seara Meats B.V.7,845 26,686 
JBS Asia Co Limited5,159 — 
Penasul UK LTD2,963 1,156 
Other related parties1,999 7,328 
Total$49,211 $43,516 
(a)The Company routinely executes transactions to both purchase products from JBS USA and sell products to them. As of September 27, 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.