Pilgrim's Pride (PPC) Misses Q4 EPS by 3c
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Pilgrim’s Pride Ends Fiscal Year 2018 with Net Sales of $10.94 Billion, Operating Income of $496 Million and GAAP EPS of $1.00
February 13, 2019 5:10 PM ESTGREELEY, Colo., Feb. 13, 2019 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2018 financial results.
2018 Highlights
Adjusted Operating Income margins of 4.2% in U.S., 8.8% in Mexico and 4.3% in Europe operations, respectively.Adjusted EBITDA of $798 million, or a 7.3% margin.Portfolio strategy and geographic diversification reducing the impact of challenging market conditions, specifically in U.S. commodity chicken. We remain motivated to pursue additional growth potential and product differentiation in 2019, aligning our strategic priorities to continue providing stronger platforms for the... More