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 (NASDAQ: PPC) is frequently featured in corporate news for its financial results, capital allocation decisions and operational projects across its global footprint. Company releases describe Pilgrim’s Pride as one of the world’s leading food companies, operating protein processing plants and prepared foods facilities in 14 U.S. states, Puerto Rico, Mexico, the U.K., the Republic of Ireland and continental Europe. This news page aggregates coverage related to PPC, with a focus on the company’s own disclosures.
Readers can expect regular earnings announcements, where Pilgrim’s Pride reports quarterly and annual net sales, operating income, net income and adjusted EBITDA, along with commentary on performance in its U.S. Fresh, U.S. Prepared Foods, Europe and Mexico businesses. These updates often include management’s discussion of demand from key customers in retail, QSR and foodservice channels, as well as trends in value-added and branded offerings such as Just Bare, Pilgrim’s, Gold Kist, Fridge Raiders, Rollover and Richmond.
News items also cover capital allocation and strategic projects, including special dividends, investments in new prepared foods plants, capacity expansions in fresh and prepared categories, and initiatives to optimize manufacturing and product mix. In addition, Pilgrim’s Pride issues releases on sustainability and ESG efforts, highlighting reductions in Scope 1 and 2 emissions intensity, energy efficiency improvements and projects like methane capture for renewable natural gas.
Investors and observers who follow PPC news will also find announcements about upcoming and completed earnings conference calls and Investor Day events, where the company discusses its strategy, competitive positioning and long-term capital allocation approach. This page serves as a central location to review Pilgrim’s Pride’s public communications over time.
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.
Summary not available.
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.
Summary not available.
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.
Summary not available.
Pilgrim's Pride Corporation (NASDAQ: PPC) announced an offering of $1 billion in sustainability-linked senior unsecured notes, subject to market conditions. Proceeds will fund a cash tender offer for its outstanding 5.750% Senior Notes due 2025, which currently total $1 billion. The offering aims to facilitate the purchase or redemption of these notes. The notes will be offered privately and are exempt from registration under U.S. securities laws. The announcement underscores the company’s financial maneuvers amidst evolving market conditions.
Pilgrim's Pride Corporation (NASDAQ: PPC) has initiated a cash tender offer for its outstanding $1 billion 5.750% Senior Notes due 2025. The tender offer is coupled with a consent solicitation to amend the indenture governing the Notes, seeking to eliminate restrictive covenants and modify the redemption notice period. Holders must tender their Notes to consent to the proposed amendments. Total consideration for validly tendered Notes is $1,021.50 each, including an early tender payment of $30. The tender offer runs until April 21, 2021, unless extended.