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Stock impact report

Pilgrim’s Pride Reports Q2 Net Sales of $2.84 Billion, Operating Income of $280 Million and GAAP EPS of $0.68, a 58% increase over Q2 2018

Pilgrims Pride Corp COM (PPC)  More Company Research Source: GlobeNewswire
Last pilgrims pride corp com earnings: 5/1 04:50 pm Check Earnings Report
US:NYSE Investor Relations: ir.pilgrims.com/investor-relations
PDF GREELEY, Colo., July 31, 2019 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) reports second quarter 2019 financial results. Second Quarter Highlights Net Sales of $2.84 billion.Net Income of $170.1 million.Operating Income margins of 9.8% in U.S., 17.5% in Mexico and 4.5% in Europe operations, respectively.Adjusted EBITDA of $349.3 million (or a 12.3% margin), and Adjusted EPS of $0.69.U.S. portfolio continues to deliver strong results in our differentiated segments, while more market features and promotional activity of chicken supported better demand in the commodity segment. We continue to evolve our well-balanced portfolio to further differentiate our products and brands, strengthen Key Customer relationships, and improve margin consistency.Strong market recovery in Mexico as growing conditions of chicken reverted back to normal and less competing proteins, driving chicken demand and prices higher. Diversification into premium Pilgrim’s brand is gaining momentum [Read more]
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