Pilgrim's Pride (PPC) Misses Q2 EPS by 6c
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Pilgrim’s Pride Reports Operating Income of $237 Million with an Operating Margin of 11.7% for the Second Quarter of 2016
July 27, 2016 4:16 PM EDTGREELEY, Colo., July 27, 2016 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports second quarter 2016 financial results.
Second Quarter Highlights
Net Sales of $2.03 billion.Net Income of $152.9 million, GAAP EPS of $0.60.Operating Income margins of 9.8% in U.S. and 20.5% in Mexico operations, respectively.Adjusted EBITDA of $282.7 million (or a 13.9% margin).Cash Flow From Operations of $111.1 million.Prepared Foods to launch new ABF veg-fed chicken sausage products, leveraging our leadership in ABF veg-fed Fresh Chicken and entry into organic.Operational improvements in Prepared... More