Pilgrim's Pride (PPC) Misses Q2 EPS by 9c, Revenues Miss

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Go back to Pilgrim's Pride (PPC) Misses Q2 EPS by 9c, Revenues Miss

Pilgrim’s Pride Reports Q2 Net Sales of $2.82 Billion, Operating Income of $27 Million and GAAP EPS of $(0.02)

July 29, 2020 4:35 PM EDT

GREELEY, Colo., July 29, 2020 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports second quarter 2020 financial results.

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... More