earnings
confidence high
sentiment positive
materiality 0.75
Pilgrim's Pride Q1 net sales $4.24B (+30% YoY); adj. EPS $1.18, adj. EBITDA $501.8M
PILGRIMS PRIDE CORP
2022-Q1 EPS reported
$1.15
revenue$4,240,395,000
- GAAP net income $280.6M ($1.15 EPS); adjusted EPS $1.18; adjusted EBITDA margin 11.8%.
- US operating margin 13.8%; Mexico 14.7%; Europe -1.8% on labor and input cost headwinds.
- US foodservice sales volumes returned to pre-COVID levels; retail branded sales strong.
- Just Bare brand up 49% YoY; e-commerce sales more than tripled.
- Adjusted EBITDA net leverage ratio 1.75x; liquidity remains strong.