Pilgrim's Pride Q2 GAAP EPS $0.25 (down 83% YoY); revenue $4.3B

PILGRIMS PRIDE CORP

2023-Q2 EPS reported $0.28 revenue$8,473,719,000

GAAP net income $60.9M ($0.25 EPS) vs $1.50 YoY; adjusted net income $105.3M ($0.44 EPS).
Net sales $4.3B, down 7% YoY; operating income $100.3M, down 80.4%.
Adjusted EBITDA $248.7M (5.8% margin) vs $623.3M (13.5%) YoY; all regions improved QoQ.
U.S. Prepared Foods brands grew 56% YoY; e-commerce sales up 125%.
Expansion projects in Athens, GA and South Georgia on track for early 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PILGRIMS PRIDE CORP reported Second Quarter 2023 results: revenue $4.3 billion, net income $60.9 million, EPS $0.25.

Period: Second Quarter 2023
Revenue: $4.3 billion
Net income: $60.9 million
EPS: $0.25
Result: reported results

Exact text from the filing

Pilgrim’s Pride Reports Second Quarter 2023 Results with $4.3 Billion in Net Sales and Operating Income of $100.3 Million GREELEY, Colo., July 26, 2023 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its second quarter 2023 financial results. Second Quarter Highlights • Net Sales of $4.3 billion. • GAAP Net Income of $60.9 million and GAAP EPS of $0.25.

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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

accession 0000802481-23-000072

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