secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000802481-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000008/0000802481-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000008/ppc-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000802481-23-000008

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