Tuesday, April 23, 2024

Pilgrim’s Pride reports second quarter results

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GREELEY, Colo. — Pilgrim’s Pride Corp. has reported its second quarter 2022 financial results.

Second quarter highlights include:

  • Net sales of $4.63 billion, up 27.3 percent from prior year.
  • Consolidated GAAP (generally accepted accounting principles) operating income margin of 11.1 percent with GAAP operating income margins of 15.6 percent in U.S., 10.7 percent in Mexico and 0.6 percent in Europe.
  • GAAP net income of $362 million and GAAP EPS (earnings per share) of $1.50. Adjusted net income of $370.7 million or adjusted EPS of $1. . .

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