Pilgrim’s Pride Reports Q3 Net Sales of $2.78 Billion, Operating Income of $188 Million and GAAP EPS of $0.44, a 267% increase over the $0.12 in Q3 2018

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Pilgrim's Pride (PPC) Tops Q3 EPS by 3c, Revenues Beat

October 30, 2019 5:56 PM EDT

Pilgrim's Pride (NASDAQ: PPC) reported Q3 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $2.78 billion versus the consensus estimate of $2.76 billion.

Third Quarter Highlights

Net Sales of $2.78 billion.Net Income of $109.8 million.Operating Income margins of 6.5% in U.S., 11.5% in Mexico and 4.9% in Europe operations, respectively.Adjusted EBITDA of $258.4 million (or a 9.3% margin), and Adjusted EPS of $0.45.U.S portfolio generated an improved performance due to our differentiated strategy. Demand in less commoditized segment remained strong while pure... More