earnings
confidence high
sentiment positive
materiality 0.85
Pilgrim's Pride Q2: net sales $4.63B (+27.3%), GAAP EPS $1.50
PILGRIMS PRIDE CORP
2022-Q2 EPS reported
$2.65
revenue$8,872,043,000
- GAAP net income $362M ($1.50 EPS); adjusted net income $370.7M ($1.54 adj. EPS).
- Consolidated GAAP operating margin 11.1%; US segment 15.6%, Mexico 10.7%, Europe 0.6%.
- Adjusted EBITDA $623.3M (13.5% margin), up 67.7% from $371.6M a year ago.
- Branded retail (Just Bare, Pilgrim's) grew over 96% YoY; e-commerce more than doubled.
- New US investments: Athens GA expansion, protein conversion plant, prepared foods facility in SE.