11 unchanged sentences
Any reference we make to a particular year (for example 2025) in the notes to these Consolidated Financial Statements applies to our fiscal year and not the calendar year.
−Removed: Fiscal year 2024 was a 52-week fiscal year and fiscal year 2023 was a 53-week fiscal year.
+Added: Fiscal years 2025 and 2024 were both 52-week fiscal years.
Reportable Segments
2 unchanged sentences
We produce or purchase for resale chicken products through our operations in the U.S., the U.K.
−Removed: and continental Europe, and Mexico and pork products through our operations in the U.K.
+Added: and continental Europe, and Mexico and pork and lamb products through our operations in the U.K.
We conduct separate operations in the U.S., the U.K., the Republic of Ireland, continental Europe, Puerto Rico and Mexico;
6 unchanged sentences
Our case-ready chicken includes various combinations of freshly refrigerated, whole chickens, chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer’s fresh meat counter.
−Removed: Additionally, we are an important player in the live chicken market in Mexico.
+Added: Additionally, we
+Added: are an important player in the live chicken market in Mexico.
In 2025, our fresh product sales accounted for 80.9%, 29.9%, and 83.2% of our total U.S., Europe, and Mexico product sales, respectively.
1 unchanged sentence
Our prepared products include portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties and bone-in chicken parts.
−Removed: These products are sold either refrigerated
−Removed: or frozen and may be fully cooked, partially cooked or raw.
+Added: These products are sold either refrigerated or frozen and may be fully cooked, partially cooked or raw.
In addition, these products may be breaded and/or marinated.
39 unchanged sentences
and foreign governments and weather patterns throughout the world.
−Removed: We attempt to mitigate the impact of price volatility on our profitability by decreasing the amount of our products that are sold under longer term fixed-price contracts, broadening our product portfolio and expanding the variety of contracts within our book of business.
+Added: We attempt to mitigate the impact of price
+Added: volatility on our profitability by decreasing the amount of our products that are sold under longer term fixed-price contracts, broadening our product portfolio and expanding the variety of contracts within our book of business.
To also manage this risk, we purchase derivative financial instruments.
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As long as the Company continues to use its trademarks, they may be renewed indefinitely.
−Removed: Some of the more significant owned or licensed trademarks used by the Company or its affiliates include Pilgrim’s®, Just Bare®, Gold’n Plump®, Gold Kist®, Country Pride®, Pierce Chicken®, Pilgrim’s® Mexico, Savoro, To-Ricos®, Del Dia®, Moy Park, O’Kane, Richmond, Fridge Raiders and Denny.
+Added: Some of the more significant owned or licensed trademarks used by the Company or its affiliates include Pilgrim’s ® , Just Bare ® , Gold’n Plump ® , Gold Kist ® , Country Pride ® , Pierce Chicken ® , Pilgrim’s ® Mexico, To-Ricos ® , Del Dia ® , Moy Park, Matteson’s, Richmond, Fridge Raiders and Denny.
The demand for our chicken products generally is greatest during the spring and summer months and lowest during the winter months.
11 unchanged sentences
Regulation and Environmental Matters
−Removed: The chicken, pork and prepared foods industries are subject to government regulation, particularly in the health, workplace safety and environmental areas, including provisions relating to the discharge of materials into the environment, treatment and disposal of agricultural and food processing wastes, the use and maintenance of refrigeration systems, ammonia-based chillers, noise, odor and dust management, the operation of mechanized processing equipment and other operations, storm water, air emissions, treatment, storage and disposal of wastes, handling of hazardous substances and remediation of contaminated soil, surface water and groundwater, by the Centers for Disease Control, the United States Department of Agriculture (“USDA”), the Food and Drug Administration (“FDA”), the Environmental Protection Agency (“EPA”), the Occupational Safety and Health Administration and state and local regulatory authorities in the U.S.
+Added: The chicken, pork and prepared foods industries are subject to government regulation, particularly in the health, workplace safety and environmental areas, including provisions relating to the discharge of materials into the environment, treatment and disposal of agricultural and food processing wastes, the use and maintenance of refrigeration systems, ammonia-based chillers, noise, odor and dust management, the operation of mechanized processing equipment and other operations, storm water, air emissions, treatment, storage and disposal of wastes, handling of hazardous substances and remediation of contaminated soil, surface water and groundwater, by the Centers for Disease Control, the United States Department of Agriculture (“USDA”), the Food and Drug Administration (“FDA”), the Environmental Protection Agency (“EPA”), the
+Added: Occupational Safety and Health Administration and state and local regulatory authorities in the U.S.
and by similar governmental agencies in the U.K., the Republic of Ireland, continental Europe and Mexico.
2 unchanged sentences
The FDA inspects the production of our feed mills in the U.S.
−Removed: Our food processing facilities and feed mills in the U.K., continental Europe and Mexico are subject to
−Removed: on-site examination, inspection and regulation by government agencies that perform functions similar to those performed by the USDA and FDA.
+Added: Our food processing facilities and feed mills in the U.K., continental Europe and Mexico are subject to on-site examination, inspection and regulation by government agencies that perform functions similar to those performed by the USDA and FDA.
The EPA, environmental authorities in the U.K., the Republic of Ireland, continental Europe and Mexico, and/or other U.S.
13 unchanged sentences
Key examples of our focus and commitment include:
−Removed: • We engage with our team members through the use of safety committees and other safety initiatives to improve the overall safety of the workplace and advance a safety first culture.
+Added: • We engage with our team members through the use of safety committees and other safety initiatives to improve the overall safety of the workplace and advance safety as a condition for culture.
• We train team members on how to identify physical hazards, conduct focused daily, monthly and annual physical hazard assessments at all facilities, ensure that identified physical hazards are logged, and ensure timely remediation.
10 unchanged sentences
Our benefits offerings include a minimum paid time off and paid sick leave for salaried employees, life and disability insurance and Company-matching retirement plans.
−Removed: • We have extensive leadership training programs, such as our Supervisor Development Program, created to help identify and develop production workers into frontline supervisors, the aforementioned People First Program, designed to equip frontline supervisors with the behavioral and technical skills needed to effectively lead their production teams and our Summit Program, designed to improve the skill set of our senior leadership team.
+Added: • We have extensive leadership training programs, such as our Supervisor Development Program, created to help identify and develop production workers into frontline supervisors and provide additional development to existing supervisors, the aforementioned People First Program, designed to equip frontline supervisors with the behavioral and technical skills needed to effectively lead their production teams and our Summit Program, designed to
+Added: improve the skill set of our senior leadership team.
We have found that recognizing our employees’ efforts through training for continued advancement strengthens their performance and helps with our goals to achieve business results.
−Removed: Our employees completed over 1,394,426 training hours during 2024 and over 332,000 training hours during 2023.
Community Support .
3 unchanged sentences
We believe the Hometown Strong initiative has provided consequential investment projects and helped communities prepare for unanticipated challenges and build for the future.
−Removed: Since inception, we have committed to Hometown Strong donations of $20 million.
• Tomorrow Fund.
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Matthew Galvanoni 53 Chief Financial Officer March 2021 to Present
−Removed: Fabio Sandri was named the Chief Executive Officer in September 2020 and previously served as our Chief Financial Officer from June 2011 to March 2021.
+Added: Fabio Sandri became the Chief Executive Officer in September 2020 and previously served as our Chief Financial Officer from June 2011 to March 2021.
From April 2010 to June 2011, Mr.
3 unchanged sentences
He earned his Master’s of Business Administration degree in 2001 from the Wharton School at the University of Pennsylvania and a degree in electrical engineering in 1993 from Escola Politécnica da Universidade de São Paulo.
−Removed: Matthew Galvanoni was named the Chief Financial Officer in February 2021, effective March 2021.
+Added: Matthew Galvanoni became the Chief Financial Officer in February 2021, effective March 2021.
Prior to his appointment to the Company, Mr.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.