Revenues from Pilgrim’s prepared foods have shown steady growth in Mexico over the past five years, reaching $239 million in 2025.

Pilgrim’s is one of the world’s largest protein companies with a presence in the United States, Europe, and Mexico. 

Pilgrim’s prepared foods

The company specializes in the production and distribution of chicken, pork, and lamb. It operates an integrated supply chain that spans from processing plants to distribution centers, consolidating an operating model focused on efficiency and market coverage.

In the processed foods segment, its portfolio includes nuggets, strips, breasts, sausages, bacon, smoked meats, meatballs, salads, and sandwich meats. In Mexico, it also markets taquitos, enchiladas, and pizzas, available fresh or frozen, ready to cook or fully cooked.

The revenue trend for prepared foods in Pilgrim’s Mexico segment showed sustained and significant growth between 2019 and 2025. This performance was consolidated after an initial decline during the pandemic.

Summary of the company’s revenue from prepared foods in Mexico, in thousands of dollars:

• 2019: 95,733.
• 2020: 66,572.
• 2021: 128,208.
• 2022: 167,589.
• 2023: 212,651.
• 2024: 220,270.
• 2025: 239,426.

Trend Analysis

In 2025, the company earned revenues of $2.12 billion in Mexico. Of that total, $1.763 billion came from fresh products and $239 million from prepared products. The rest corresponded to basic grains and protein by-products.

Mexico continues to be a market dominated by fresh products, which accounted for 83.2% of sales in 2025. However, the share of prepared foods has gradually grown within the segment, gaining relevance in the commercial mix.

The company considers prepared products strategic for capturing more stable margins. These mitigate the volatility associated with the live and fresh chicken market, strengthening the profitability structure of the business in Mexico.

Please note: figures are reported in US dollars. Therefore, the strength or weakness of the Mexican peso against the US dollar impacts the final amount of reported revenue, even when operating performance in local currency is positive.

The following table shows the company’s total revenue in Mexico, in millions of dollars:

• 2019: 1,389.
• 2020: 1,322.
• 2021: 1,730.
• 2022: 1,845.
• 2023: 2,131.
• 2024: 2,112.
• 2025: 2,120.

Financial results

The company reported revenues of $18.498 billion in 2025, representing year-on-year growth of 3.5%. Operating performance was driven by higher volumes in the United States and Europe, offsetting currency effects in Mexico and the transfer of lower input costs.

Net income reached $1.082 billion, a decrease of 0.4%. Despite this, profitability remained resilient, with an operating margin of 8.7%, although pressured by higher tax rates and financial costs.

This performance allowed the company to distribute extraordinary special dividends of $1.994 billion annually, consolidating its cash generation capacity in a challenging financial environment.

Pilgrim’s competes with global giants such as Tyson Foods, Perdue Farms, and Wayne-Sanderson Farms in the United States, as well as JBS and BRF in international markets. Competition focuses on volume, operational efficiency, and value-added products, under pressure from costs and volatility.