Pilgrim's Pride (PPC) Tops Q1 EPS by 4c
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Pilgrim’s Pride Reports First Quarter 2023 Results with $4.2 Billion in Net Sales and Operating Income of $31.3 Million
April 26, 2023 4:52 PM EDTGREELEY, Colo., April 26, 2023 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its first quarter 2023 financial results.
First Quarter Highlights
Net Sales of $4.2 billion.GAAP Net Income of $5.6 million and GAAP EPS of $0.02. Adjusted Net Income of $19.0 million or Adjusted EPS of $0.08.Consolidated GAAP operating income margin of 0.8%.Adjusted EBITDA of $151.9 million, or a 3.6% margin, with adjusted EBITDA margins of 1.8% in the U.S., 5.3% in the U.K. & Europe, and 8.5% in... More