Pilgrim's Pride (PPC) Misses Q4 EPS by 50c, Revenue Beats
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Pilgrim’s Pride Reports Fourth Quarter and Year-End 2022 Results
February 8, 2023 5:00 PM ESTGREELEY, Colo., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2022 financial results.
2022 Highlights
Net Sales of $17.5 billion, up 18.2% from prior year.Consolidated GAAP Operating Income margin of 6.7% with GAAP operating income margins of 10.2% in U.S., 4.5% in Mexico, and break-even in Europe.GAAP Net Income of $745.9 million. Adjusted Net Income of $803.6 million, or... More