Pilgrim's Pride (PPC) Tops Q3 EPS by 31c, Revenues Beat

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Go back to Pilgrim's Pride (PPC) Tops Q3 EPS by 31c, Revenues Beat

Pilgrim’s Pride Reports Q3 Net Sales of $3.08 Billion, Operating Income of $94 Million and GAAP EPS of $0.14

October 28, 2020 4:16 PM EDT

GREELEY, Colo., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports third quarter 2020 financial results.

Third Quarter Highlights

Net Sales of $3.08 billion.Net GAAP Income of $33.4 million. Adjusted Net Income of $161.7 million or adjusted EPS of $0.66 excluding $110.5 million DOJ agreement.Consolidated Operating Income margin of 3% with Adjusted Operating Income margins of 6.7% in U.S. excluding DOJ agreement, 18.4% in Mexico and 3.5% in Europe.Adjusted EBITDA of $305.0 million, or a 9.9% margin, 18% higher than a year... More