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Pilgrim's Pride Corporation - PPC STOCK NEWS

Welcome to our dedicated page for Pilgrim's Pride Corporation news (Ticker: PPC), a resource for investors and traders seeking the latest updates and insights on Pilgrim's Pride Corporation stock.

Pilgrim's Pride Corporation (NASDAQ: PPC) is one of the world's largest poultry producers, based in Tuscumbia, Alabama. The company operates numerous protein processing plants and prepared-foods facilities across 14 states in the U.S., as well as Puerto Rico, Mexico, the U.K., the Republic of Ireland, and continental Europe.

As the second-largest poultry producer in the U.S., the U.K., and Mexico, Pilgrim's Pride commands a significant market share. In 2023, U.S. operations accounted for 58% of sales, the U.K. and other European markets contributed 30%, and Mexico comprised 12%. The company's acquisition of Tulip in 2019 expanded its footprint to include pork operations in the U.K. and Europe.

Pilgrim's Pride's product portfolio includes fresh chicken, prepared chicken, and pork products, catering to chain restaurants, food processors, food distributors, and retail chains. In the U.S. and Mexico, fresh chicken dominates sales, while the U.K. and Europe see a higher sale of prepared chicken and pork products.

JBS owns over 80% of Pilgrim's Pride shares, although an attempt to acquire the remaining stake was deemed undervaluing by a special board committee in 2021.

Latest financial results indicate continued growth and operational excellence despite challenging market conditions. Under the leadership of CEO Fabio Sandri, the company has focused on portfolio diversification, key customer relationships, and operational efficiency. This has resulted in improved profitability across all regions, even amid volatile market conditions and consumer inflation. Significant investments are being made in automation, facility expansion, and sustainability efforts to reduce the company's GHG emissions footprint.

For more information, visit www.pilgrims.com.

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Pilgrim’s Pride (NASDAQ: PPC) announced it will release its second quarter 2024 financial results after the U.S. market closes on July 31, 2024. A conference call and webcast will follow on August 1, 2024, at 7 a.m. MT (9 a.m. ET) to review the results. The call will include prepared remarks from the company's executives, followed by a Q&A session. Investors and analysts can pre-register for the call via the company's investor website or join on the day of the event by dialing specific phone numbers. The webcast will be available for replay on the company’s website two hours after the call and will remain accessible through November 1, 2024. A telephone replay will also be available until September 1, 2024.

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Pilgrim's Pride (NASDAQ: PPC) reported strong first quarter 2024 financial results with $4.4 billion in net sales and operating income of $250.3 million. The company's diversified U.S. fresh portfolio, Prepared Foods segment, European operations, and Mexican market showed positive growth and improved results. Pilgrim's also highlighted its sustainability efforts, including a significant decrease in GHG emissions intensity. The company's leadership is focused on driving profitable growth and operational excellence.

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Pilgrim’s Pride (NASDAQ: PPC) is set to release its first quarter 2024 financial results on May 1, with a review scheduled for May 2. Investors and analysts can pre-register for the webcast to access the call directly. The webcast will be available for replay on the company's website. Participants can submit questions during the call.
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Pilgrim’s Pride Corporation (PPC) reports strong financial results for Q4 and year-end 2023, with net sales of $17.4 billion. Adjusted EBITDA of $1.0 billion and adjusted EPS of $1.69. The U.S., U.K., and Europe segments show growth in branded offerings and operational excellence. Mexico enhances Key Customer relationships. Sustainability efforts drive reduction in production emissions. The company remains committed to sustainability and profitable growth.
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Pilgrim’s Pride Corporation (NASDAQ: PPC) will release its Q4 and fiscal year 2023 financial results on Feb. 26. Executives will review the results on a conference call and webcast at 7 a.m. MT. Investors and analysts can pre-register for the webcast to receive a unique PIN and submit questions during the call. The webcast will be available for replay on Pilgrim’s website. The company's financial and operational results will be discussed.
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Pilgrim’s Pride Corporation reports its Q3 2023 financial results with net sales of $4.4 billion and GAAP EPS of $0.51. Adjusted net income is $136.7 million or adjusted EPS of $0.58. Consolidated GAAP operating income margin is 4.7%. The U.S. Fresh business and U.S. Prepared Foods business show improvement. The U.K. and Europe business and Mexico also experienced positive growth. The company's growth projects are progressing as planned. Pilgrim’s Pride also released its 2022 Sustainability Report, highlighting progress in reducing GHG emissions and investments in communities and team members.
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Pilgrim's Pride announces early tender results and receipt of consents for its Tender Offer and Consent Solicitation
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Pilgrim’s Pride Corporation to release Q3 2023 financial results on October 25
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Pilgrim's Pride Corporation announces pricing of $500M senior notes offering at 6.875% interest rate.
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Pilgrim's Pride Corporation has commenced a cash tender offer for its 5.875% Senior Notes due 2027. The Tender Offer includes proposed amendments to eliminate restrictive covenants and reduce the minimum required notice period for the redemption of Notes. The Total Consideration for each $1,000 principal amount of Notes is $1,016.19, including an Early Tender Payment of $30.00. The Tender Offer expires on October 26, 2023.
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FAQ

What does Pilgrim's Pride Corporation do?

Pilgrim's Pride Corporation is one of the world's largest poultry producers, providing fresh and prepared chicken and pork products to retailers, foodservice distributors, and chain restaurants.

Where is Pilgrim's Pride Corporation headquartered?

Pilgrim's Pride Corporation is headquartered in Tuscumbia, Alabama, United States.

Who owns the major shares of Pilgrim's Pride Corporation?

JBS owns more than 80% of Pilgrim's Pride Corporation's outstanding shares.

What are the main markets for Pilgrim's Pride?

The main markets for Pilgrim's Pride include the U.S., the U.K., other European countries, and Mexico.

What products does Pilgrim's Pride offer?

Pilgrim's Pride offers fresh chicken, prepared chicken, and pork products.

How has Pilgrim's Pride performed financially recently?

Pilgrim's Pride has shown consistent growth and improved profitability despite volatile market conditions and consumer inflation, driven by operational excellence and portfolio diversification.

What sustainability efforts is Pilgrim's Pride undertaking?

Pilgrim's Pride is focused on reducing its GHG emissions footprint through renewable energy usage, capital improvements, and plant management processes.

What are the future plans for Pilgrim's Pride Corporation?

Pilgrim's Pride plans to continue investing in automation, expand facilities, and improve operational efficiency to drive profitable growth and sustainability.

How does Pilgrim's Pride engage with its key customers?

Pilgrim's Pride focuses on strengthening key customer partnerships through quality service, promotional activities, and diversified product offerings.

Where can I find more information about Pilgrim's Pride Corporation?

For more information, visit Pilgrim's Pride Corporation's official website at www.pilgrims.com.

Pilgrim's Pride Corporation

Nasdaq:PPC

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9.02B
236.94M
82.62%
16.59%
1.28%
Dog and Cat Food Manufacturing
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