Pilgrim’s Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million
Pilgrim's Pride Corporation (PPC)
Last pilgrim's pride corporation earnings: 4/29 05:12 pm
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US:NYSE Investor Relations:
ir.pilgrims.com/investor-relations
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Source: GlobeNewswire
GREELEY, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 11.1%.GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.Adjusted EBITDA of $660.4 million, or a 14.4% margin.Our U.S. Fresh portfolio continued to improve through progress in operational excellence, strong demand, and enhanced mix. Overall chicken demand was strong given competitive pricing and value delivered to the consumer, with our Key Customers expanding faster than category averages in the Case Ready and Small Bird segments. The Commodity segment improved given continued progress in production efficiencies and positive market fundamentals.Diversification through value-added offerings continues to accelerate. Our br
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- Analysts Are Updating Their Pilgrim's Pride Corporation (NASDAQ:PPC) Estimates After Its Third-Quarter Results [Yahoo! Finance]Yahoo! Finance
- Pilgrim's Pride Co. (NASDAQ: PPC) had its price target raised by analysts at Barclays PLC from $45.00 to $49.00. They now have an "equal weight" rating on the stock.MarketBeat
PPC
Earnings
- 10/30/24 - Beat
PPC
Sec Filings
- 10/31/24 - Form 8-K
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- PPC's page on the SEC website