secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000802481-22-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q2: net sales $4.63B (+27.3%), GAAP EPS $1.50
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248122000076/0000802481-22-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248122000076/ppc-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000802481-22-000076

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