Pilgrim’s Pride Reports Q2 Net Sales of $2.82 Billion, Operating Income of $27 Million and GAAP EPS of $(0.02)
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Pilgrim's Pride (PPC) Misses Q2 EPS by 9c, Revenues Miss
July 29, 2020 4:43 PM EDTPilgrim's Pride (NASDAQ: PPC) reported Q2 EPS of $0.00, $0.09 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.95 billion.
Second Quarter Highlights
Net Sales of $2.82 billion.Net GAAP loss of $(6.0) million.Operating Income margins of 2.2% in U.S., -13.3% in Mexico and 3.1% in Europe operations, respectively.Adjusted EBITDA of $112.2 million, or a 4.0% margin.Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to the safety of our team members, our duty to provide... More