Welcome to our dedicated page for Pilgrims Pride news (Ticker: PPC), a resource for investors and traders seeking the latest updates and insights on Pilgrims Pride stock.
Pilgrim's Pride Corporation (PPC)) is a global leader in poultry processing and protein production, serving retail and foodservice markets across North America and Europe. This page provides centralized access to official press releases, financial announcements, and strategic updates directly from the company.
Investors and industry stakeholders will find timely information on earnings reports, operational expansions, and strategic partnerships, alongside developments in product innovation and sustainability initiatives. Our curated collection ensures transparent access to material events shaping PPC's position in the protein sector.
Regular updates cover key business segments including fresh chicken production, value-added prepared foods, and pork processing operations. Stay informed on market dynamics, supply chain advancements, and regulatory developments relevant to Pilgrim's Pride's multinational footprint.
Bookmark this page for efficient tracking of PPC's financial performance and industry leadership. Combine these resources with SEC filings and earnings call transcripts for comprehensive analysis of one of poultry processing's most strategically diversified companies.
Pilgrim's Pride Corporation (NASDAQ: PPC) reported its first quarter 2023 financial results, showing net sales of $4.2 billion. The company posted a GAAP net income of $5.6 million, translating to a GAAP EPS of $0.02, considerably lower than $1.15 per share from the previous year. Adjusted net income was $19.0 million, or $0.08 per share. Consolidated GAAP operating income margin stood at 0.8%, with Adjusted EBITDA at $151.9 million (3.6% margin). The U.S. operations improved despite elevated grain costs and inflation. The company's Prepared Foods segment, including brands Just Bare® and Pilgrim’s®, grew over 68% year over year. A successful $1 billion bond offering was executed, significantly oversubscribed. Business conditions remained challenging, though improvements in various markets were noted.
Pilgrim's Pride Corporation (NASDAQ: PPC) will announce its first quarter 2023 financial results on April 26, 2023, after U.S. market closure. A conference call and webcast for analysis of these results will follow on April 27, 2023, at 7:00 a.m. MT (9:00 a.m. ET). Investors can pre-register for the webcast via the company’s investor website to bypass live operator access. For those who haven't registered, they can join the call using provided phone numbers on the event day. The replay of the webcast will be available on the website two hours post-call and can be accessed until July 26, 2023, with a telephone replay available until May 27, 2023.
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