Pilgrim's Pride (PPC) Tops Q1 EPS by 10c, Revenues Beat
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Pilgrim’s Pride Reports Q1 Net Sales of $3.07 Billion, Operating Income of $84 Million and GAAP EPS of $0.27
April 29, 2020 5:13 PM EDTGREELEY, Colo., April 29, 2020 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports first quarter 2020 financial results.
First Quarter Highlights
Net Sales of $3.07 billion.Net GAAP Income of $67.3 million, including one-time $0.09 per share gain on case settlement.Operating Income margins of 4.4% in U.S., -7.3% in Mexico and 2.8% in Europe operations, respectively.Adjusted EBITDA of $165.5 million, or a 5.4% margin.Strong focus in execution and dedication by our team members, combined with portfolio strategy of differentiated products, strong Key Customer relationships, and diversified global footprint... More