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) announced the offering of up to $750 million in senior unsecured notes. The funds will finance the acquisition of Kerry Consumer Foods' Meats and Meals businesses in the UK and Ireland, alongside related expenses. The company also plans to use proceeds to repay outstanding borrowings and for general corporate purposes. The offering is exempt from registration requirements, targeting qualified institutional buyers. The release contains forward-looking statements, indicating potential risks affecting future performance.
Pilgrim’s Pride Corporation (NASDAQ: PPC) reported a net sales increase of 29% to $3.64 billion for Q2 2021. However, the company faced a GAAP net loss of $166.7 million. Adjusted net income reached $153.8 million, with adjusted EBITDA of $371.6 million, marking a 231.2% year-over-year growth. U.S. operating income margins improved to 7.8%, driven by strong foodservice and retail demand. The company announced an acquisition of Kerry Consumer Foods' Meats and Meals business. Despite strong liquidity, rising grain costs and labor shortages present ongoing challenges.
Pilgrim's Pride Corporation (NASDAQ: PPC) will host its Q2 2021 earnings conference call on July 29, 2021, at 7:00 a.m. MT (9:00 a.m. ET). The event will feature prepared remarks discussing financial and operational results, followed by a Q&A session with executive management. Investors can pre-register for the webcast via the company's investor website to receive a unique PIN for immediate access. The conference call can be joined by dialing designated numbers, and replays will be available post-call.
Pilgrim's Pride Corporation (Nasdaq: PPC) has announced a £680 million acquisition of Kerry Consumer Foods' Meats and Meals business in the UK and Ireland. This acquisition, unanimously approved by the Board, is valued at approximately $952 million and represents an 8.5x multiple on the expected standalone EBITDA for 2021. The transaction aims to enhance Pilgrim's portfolio, adding brands such as Denny and Richmond. Expected to close in Q4 2021, it is subject to customary conditions and regulatory approvals.
Pilgrim’s Pride Corporation (NASDAQ: PPC) reported first-quarter 2021 financial results with net sales of $3.27 billion, reflecting a 6.5% increase year-over-year. GAAP net income stood at $100.2 million, with an adjusted EPS of $0.42. Operating income margins varied: 3.4% in the U.S., 19.0% in Mexico, and 1.2% in Europe. Adjusted EBITDA was $253.8 million, representing a 53.4% increase. The company remains focused on safety, quality food provision, and achieving net-zero GHG emissions by 2040 while adapting operations amidst COVID-19 challenges.
Pilgrim’s Pride Corporation (NASDAQ: PPC) will host its first quarter 2021 earnings conference call on April 29, 2021, at 7:00 a.m. MT (9:00 a.m. ET). The call will include financial and operational results, followed by a Q&A session with the management team. Investors can pre-register for the webcast to receive a unique PIN for immediate access. The webcast will be available for replay two hours post-event, lasting until July 29, 2021. For further information, visit the company's website.
Pilgrim's Pride Corporation (NASDAQ: PPC) announced the early results of its Tender Offer to purchase all of its $1.0 billion Senior Notes due 2025. As of April 7, 2021, approximately $896 million, or 89.61%, of the Notes were validly tendered. The Total Consideration for each $1,000 principal amount will be $1,021.50, including an early tender payment of $30. The Company has received the required consents for proposed amendments to eliminate restrictive covenants. The Expiration Time for remaining holders to tender their Notes is April 21, 2021.
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