Pilgrim's Pride Q4 GAAP net loss $155M; full-year adjusted EBITDA $1.6B, up 27.9%

PILGRIMS PRIDE CORP

2022-FY EPS reported $3.10 revenue$17,468,377,000

Q4 net loss of $155M (-$0.66 EPS); adjusted loss $115.1M (-$0.49 EPS).
Full-year net sales $17.5B (+18.2%); adjusted EBITDA $1.6B (+27.9%); adjusted EPS $3.34.
Q4 adjusted EBITDA margin fell to 1.5% from 7.8% YoY; US 0.6%, Mexico -3.4%, Europe 5.1%.
Management cites unprecedented commodity cutout decline and persistent inflation as headwinds.
U.S. diversified portfolio (Case Ready, Small Bird, Prepared) partly offset commodity weakness.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PILGRIMS PRIDE CORP reported the fiscal year ended December 25, 2022 results: revenue $17.5 billion, net income $745.9 million, EPS $3.34.

Period: the fiscal year ended December 25, 2022
Revenue: $17.5 billion
Net income: $745.9 million
EPS: $3.34
Result: reported results

Exact text from the filing

Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2022 financial results. 2022 Highlights • Net Sales of $17.5 billion, up 18.2% from prior year. • Consolidated GAAP Operating Income margin of 6.7% with GAAP operating income margins of 10.2% in U.S., 4.5% in Mexico, and break-even in Europe. •

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PILGRIMS PRIDE CORP reported the three months ended December 25, 2022 results: revenue $4.1 billion, net income $155.0 million and negative GAAP EPS of $0.66.

Period: the three months ended December 25, 2022
Revenue: $4.1 billion
Net income: $155.0 million and negative GAAP EPS of $0.66
Result: reported results

Exact text from the filing

Fourth Quarter • Net Sales of $4.1 billion. • GAAP Net Loss of $155.0 million and negative GAAP EPS of $0.66.

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2 earnings releases filed in the last 30 days. Browse all earnings releases →

PILGRIMS PRIDE CORP filing history →

Source: SEC EDGAR

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