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Pilgrim's Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41


Home / Top News / Pilgrim’s Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41
Pilgrim’s Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41
GREELEY, Colo., April 28, 2021 (GLOBE NEWSWIRE) Pilgrim’s Pride Corporation (NASDAQ: PPC) reports first quarter 2021 financial results.
First Quarter Highlights
Net Sales of $3.27 billion.
GAAP Net Income of $100.2 million. Adjusted Net Income of $103.0 million or adjusted EPS of $0.42.
Consolidated Operating Income margin of 4.8% with Operating Income margins of 3.4% in U.S., 19.0% in Mexico and 1.2% in Europe.
Adjusted EBITDA of $253.8 million, or a 7.8% margin, 53.4% higher than a year ago. ....

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JBS Settles With Another Class of Plaintiffs in Pork Antitrust Lawsuit


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On Thursday, commercial and institutional indirect purchase plaintiffs asked the Minnesota District Court for approval of a $12.75 million settlement with JBS USA in a antitrust lawsuit alleging that JBS and other pork processing companies including Hormel Foods, Smithfield Foods, and Tyson Foods participated in illegal antitrust activities. 
The direct purchaser plaintiffs already reached a settlement with JBS for $24.5 million, that settlement was given approval by the judge in January. The plaintiffs involved in the currently pending settlement include restaurants and other parties who purchased pork from entities other than the defendants which was initially produced by the defendants.  Specifically, the class includes Sandee’s Bakery, Joe Lopez, Ziggy’s BBQ Smokehouse & Ice Cream Parlor, and others.   ....

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Pilgrim's Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39


Home / Top News / Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39
Pilgrim’s Pride Closes Fiscal Year 2020 with Net Sales of $12.1 Billion, Operating Income of $245.5 Million and GAAP EPS of $0.39
GREELEY, Colo., Feb. 10, 2021 (GLOBE NEWSWIRE) Pilgrim’s Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2020 financial results.
2020 Highlights
Net GAAP Income of $94.8 million.
Adjusted Operating Income margins of 3.6% in U.S. ex legal settlements, 5.5% in Mexico and 3.1% in Europe operations.
Adjusted EBITDA of $788.1 million, or a 6.5% margin.
Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to the safety of our team members, our duty to provide quality food globally, and our responsibility to provide continued employment opportunities and benefits for our team during these unprecedented tim ....

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