Pilgrim's Pride Q1 net sales $4.2B, GAAP EPS $0.02 (down 98% YoY)

PILGRIMS PRIDE CORP

2023-Q1 EPS reported $0.02 revenue$4,165,628,000

GAAP net income $5.6M ($0.02 EPS) vs $367M ($1.15) last year; adjusted EPS $0.08.
Net sales $4.17B, down 1.8% YoY; operating income $31.3M vs $402M (-92%).
Adjusted EBITDA $151.9M (3.6% margin) vs $501.8M (11.8%) last year.
Prepared Foods branded sales (Just Bare, Pilgrim's) grew >68% YoY; e-commerce share 19%.
$1B unsecured investment grade bond offering completed, significantly oversubscribed.

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 first quarter 2023 results: revenue $4.2 billion, net income $5.6 million, EPS $0.02.

Period: the first quarter 2023
Revenue: $4.2 billion
Net income: $5.6 million
EPS: $0.02
Result: reported results

Exact text from the filing

Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its first quarter 2023 financial results. First Quarter Highlights • Net Sales of $4.2 billion. • GAAP Net Income of $5.6 million and GAAP EPS of $0.02.

View on SEC.gov

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

PILGRIMS PRIDE CORP filing history →

Source: SEC EDGAR

accession 0000802481-23-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.