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 reports developments in poultry, prepared foods and broader protein operations across the United States, Mexico, the U.K., Ireland and continental Europe. Company news commonly covers quarterly results, fresh chicken demand, Case Ready and Small Bird activity, Big Bird efficiency projects, and prepared foods growth through brands such as Just Bare, Fridge Raiders and Rollover.
Updates also address retail and foodservice demand, portfolio and capacity investments, European protein and meal-occasion performance, Mexico expansion themes, and capital-structure actions such as senior note tender offers. The company sells primarily through retailers, foodservice distributors, chain restaurants, food processors and food distributors.
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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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.
Pilgrim's Pride Corporation (NASDAQ: PPC) is set to hold its annual meeting of shareholders on April 28, 2021, at 8 a.m. Mountain / 10 a.m. Eastern. The meeting will include a review of the fiscal year 2020 and other necessary business discussions. It will take place at Pilgrim's Pride headquarters in Greeley, Colorado. Pilgrim's Pride employs around 55,400 individuals and operates across 14 states, Puerto Rico, Mexico, the U.K., and Europe, primarily serving retailers and foodservice distributors.
Pilgrim's Pride Corporation (NASDAQ: PPC) announced the passing of board member Charles Macaluso, who contributed to the company for over a decade. CEO Fabio Sandri emphasized Macaluso's vital role in shaping the company's strategy and success. Serving as an independent board member since 2009, Macaluso was integral to the Audit Committee and had vast experience in finance. The board expresses deep condolences to his family, highlighting his commitment and impact on Pilgrim's progress.
Pilgrim’s Pride Corporation (NASDAQ: PPC) reported its Q4 and full-year 2020 results, highlighting a net GAAP income of $94.8 million despite challenges from the Covid-19 pandemic. The company achieved adjusted EBITDA of $788.1 million for the year, though full-year adjusted EBITDA decreased by 19.1%. Q4 net sales reached $3.1 billion, a 1.8% increase year-over-year. Key drivers included resilient U.S. performances and a strong rebound in Mexican operations. The company is optimistic about future growth, focusing on value-added specialty products while navigating market volatility.
Pilgrim’s Pride Corporation (NASDAQ: PPC) has appointed Matthew Galvanoni as global chief financial officer, effective March 15. With 26 years of finance experience, Galvanoni previously served as vice president of finance at Ingredion, overseeing financial operations for its $4 billion North American division. His extensive background includes roles at PricewaterhouseCoopers and Exelon Corporation. Pilgrim’s president Fabio Sandri emphasized the value of Galvanoni’s leadership and commitment to governance as the company aims for principled growth in the food industry.
Pilgrim's Pride Corporation (NASDAQ: PPC) will host its 2020 year-end earnings conference call on February 11, 2021, at 7:00 a.m. MT. The call will cover the company's financial and operational results, followed by a Q&A session with executive management. Investors can pre-register for the webcast on the company's website for immediate access. The call will also be available for replay on Pilgrim’s website two hours post-event until May 11, 2021. For telephone replay, participants can call +1 (877) 344-7529 in the US until March 11, 2021.