Pilgrim's Pride (PPC) Reports In-Line Q1 EPS, Beats on Revenues
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Pilgrim’s Pride Reports Net Sales of $2.75 Billion, Operating Income of $202 Million and GAAP EPS of $0.48, or a 26% year over year increase for the First Quarter of 2018
May 10, 2018 4:58 PM EDTGREELEY, Colo., May 10, 2018 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports first quarter 2018 financial results.
First Quarter Highlights
Consolidated numbers reflect Moy Park for the entire quarter, including historical data in accordance to U.S. GAAP.Net Sales of $2.75 billion, +10.8% vs same quarter last year (+35.9% if excluding the Moy Park numbers from last year).Net Income of $119.4 million, or an increase of 27.1% vs a year ago.Operating Income margins of 6.9% in U.S., 14.6% in Mexico and 3.9% in Europe operations,... More