• Pilgrim's Pride average gross margin for 2023 was 6.53%, a 41.12% increase from 2022.
• Pilgrim's Pride average gross margin for 2022 was 11.09%, a 27.76% decline from 2021.
• Pilgrim's Pride average gross margin for 2021 was 8.68%, a 19.39% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.