Wednesday, June 12, 2024

Pilgrim’s Pride reports 1Q results with $4.4B in net sales

PT Editor — David Strickland

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GREELEY, Colo. — Pilgrim’s Pride Corp. has reported its first quarter 2024 financial results. Among the first quarter highlights, includes:

· Net sales of $4.4 billion.

· Consolidated GAAP operating income margin of 5.7 percent.

· GAAP net income of $174.9 million and GAAP EPS of 73 cents. Adjusted net income of $182.9 million or adjusted EPS of 77 cents.

· Adjusted EBITDA of $371.9 million, or an 8.5 percent margin, with adjusted EBITDA margins of 9.4 percent in the U.S., 6.4 percent in Europe, and 9.2 percent in Mexico.

· Diversified U.S. fresh. . .

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