Pilgrim’s Pride Reports First Quarter 2022 Results with $4.24 Billion in Net Sales and Operating Income Margin of 9.5%
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., April 27, 2022 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its first quarter 2022 financial results. First Quarter Highlights Net Sales of $4.24 billion, up nearly 30% from prior year.Consolidated GAAP operating income margin of 9.5% with GAAP operating income margins of 13.8% in U.S., 14.7% in Mexico and -1.8% in Europe.GAAP Net Income of $280.6 million and GAAP EPS of $1.15. Adjusted Net Income of $287.2 million or adjusted EPS of $1.18.Adjusted EBITDA of $501.8 million, or an 11.8% margin, 97.7% higher than a year ago.Our diversified portfolio across geographies, brands, and products coupled with our long-term investments in operational excellence, including automation, and focus on service for key customers continued to improve our results and drive further earnings resilience.Our US foodservice business improved year-over-year, achieving pre-pandemi
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News
- Here's Why Pilgrim's Pride (PPC) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Pilgrim's Pride Co. (NASDAQ: PPC) had its "equal weight" rating re-affirmed by analysts at Barclays PLC. They now have a $38.00 price target on the stock, up previously from $35.00.MarketBeat
- Pilgrim's Pride: Soft Top-Line Growth Continues To Pressurise Earnings [Seeking Alpha]Seeking Alpha
- Pilgrim's Pride (PPC) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Pilgrim's Pride Co. (NASDAQ: PPC) had its price target raised by analysts at Bank of America Co. from $36.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
PPC
Earnings
- 2/26/24 - Beat
PPC
Sec Filings
- 4/1/24 - Form DEF
- 3/19/24 - Form 4
- 3/14/24 - Form 144
- PPC's page on the SEC website