Pilgrim's Pride (PPC) Misses Q2 EPS by 10c, Revenues Beat
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Pilgrim’s Pride Reports Net Sales of $2.84 Billion, GAAP Operating Income of $185 Million and GAAP EPS of $0.43 for the Second Quarter of 2018. Excluding One-time Items, Adjusted Operating Income of
August 1, 2018 4:15 PM EDTGREELEY, Colo., Aug. 01, 2018 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports second quarter 2018 financial results.
Second Quarter Highlights
Net Sales of $2.84 billion, +3.1% vs same quarter last year (+26.0% if excluding the Moy Park numbers from last year). Net Income of $106.5 million.Adjusted Operating Income of $212.4 million (or a 7.5% margin), excluding the impact of grain derivative loss and one-time expense. Adjusted Operating Income margins of 6.5% in U.S., 16.6% in Mexico and 4.8% in Europe operations, respectively.Adjusted EBITDA of $282.5 million (or a 10.0% margin) and Adjusted EPS of... More