secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000802481-23-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000072/0000802481-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000072/ppc-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000802481-23-000072

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