Pilgrim's Pride (PPC) Misses Q3 EPS by 6c
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Pilgrim’s Pride Reports Third Quarter 2021 Results with Strong Growth in Sales and Adjusted EBITDA
October 27, 2021 5:00 PM EDTGREELEY, Colo., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2021 financial results.
Third Quarter Highlights
Net Sales of $3.83 billion, up 24% from prior year.Consolidated GAAP Operating Income margin of 3.2% with GAAP Operating Income margins of 2.9% in U.S., 11.5%Â in Mexico and marginally positive in Europe. Adjusted U.S. Operating Income margin of 8.2%.GAAP Net Income of $60.8 million. Adjusted Net Income of $162.5 million or adjusted EPS of... More