Pilgrims Pride Stock Price, News & Analysis

Pilgrim’s Pride Corporation (NASDAQ: PPC) announced its fourth quarter and year-end 2022 financial results, with net sales of $17.5 billion, an 18.2% increase from the previous year. The company reported a GAAP net income of $745.9 million despite facing market volatility and inflation. Adjusted EBITDA was $1.6 billion, a 27.9% increase year-over-year. However, the fourth quarter saw a GAAP net loss of $155 million and an adjusted net loss of $115.7 million. The U.S. business maintained positive EBITDA, while the U.K. and Europe showed growth. The company emphasized sustainability improvements and ongoing investments for future growth.

Pilgrim’s Pride Corporation (NASDAQ: PPC) will announce its fourth quarter and fiscal year 2022 financial results on February 8, 2023, after market close. Following this, a conference call and webcast will take place on February 9, 2023, at 7:00 a.m. MT (9:00 a.m. ET) for a detailed review of the results. Interested investors can pre-register for the event through the company’s investor website. A replay of the webcast will be available two hours post-call, remaining accessible until April 26, 2023. Pilgrim’s Pride operates in multiple countries and has over 60,000 employees.

Pilgrim’s Pride Corporation (NASDAQ: PPC) announced its Q3 2022 financial results, reporting net sales of $4.47 billion, a 16.8% increase year-over-year. The company posted a GAAP net income of $259 million with a GAAP EPS of $1.08. Adjusted EBITDA reached $460.5 million, marking a 32.7% rise. The U.S. segment performed strongly, with a 14% adjusted EBITDA margin, while challenges persisted in Mexico due to seasonality and operational issues. The company aims for sustainability with nearly $40 million in investments towards its Net Zero Program.

Pilgrim's Pride Corporation (NASDAQ: PPC) will announce its third quarter 2022 financial results on Oct. 26, 2022, after U.S. market closure. The earnings conference call is scheduled for Oct. 27, 2022, at 7 a.m. MT (9 a.m. ET). Investors can pre-register for the webcast via the company’s investor website, allowing for quick access to the call. A replay of the webcast will be available two hours post-call until Feb. 8, 2023. The company operates in multiple countries and employs over 60,000 individuals.

Pilgrim’s Pride Corporation (NASDAQ: PPC) has reported its Q2 2022 financial results, showing net sales of $4.63 billion, a 27.3% increase year-over-year. The company achieved a GAAP net income of $362 million and adjusted EBITDA of $623.3 million, marking a 67.7% rise compared to last year. Operating income surged to $512.9 million. The firm indicated strong brand growth in its U.S. retail sector, particularly with its Just Bare® and Pilgrim’s® products, which saw over 96% growth. Additionally, liquidity remains robust with an adjusted EBITDA net leverage ratio of 1.5x.

Pilgrim’s Pride Corporation (NASDAQ: PPC) will announce its second quarter 2022 financial results on July 27, 2022, after U.S. market close. The earnings conference call is scheduled for July 28, 2022, at 7 a.m. MT (9 a.m. ET). Investors can pre-register for the webcast on the company's investor site to bypass live operator assistance. A replay will be available shortly after the call and accessible until October 26, 2022. Pilgrim’s Pride employs over 59,000 team members, operating facilities across 14 states and beyond.

Pilgrim’s Pride Corporation (NASDAQ: PPC) announced its first quarter 2022 results, reporting net sales of $4.24 billion, a 29.5% increase from the previous year. The company achieved a GAAP net income of $280.6 million with a GAAP EPS of $1.15. Adjusted EBITDA reached $501.8 million, an increase of 97.7% year-over-year. While the U.S. retail and foodservice sectors showed strong growth, the European segment faced challenges due to labor shortages and escalating costs. The company expressed optimism amid ongoing inflationary pressures and aims to enhance operational efficiencies.