secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000802481-22-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q1 net sales $4.24B (+30% YoY); adj. EPS $1.18, adj. EBITDA $501.8M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248122000039/0000802481-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248122000039/ppc-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000802481-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer