secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000802481-23-000085
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q3 net sales $4.4B; GAAP EPS $0.51 down 53% YoY; adjusted EPS $0.58
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- Net sales of $4.36B, down 2.4% YoY; operating income $206.4M (-39.2%) and net income $121.6M.
- Adjusted EBITDA $324.0M (7.4% margin); margins: US 7.0%, UK/Europe 6.1%, Mexico 12.4%.
- Branded offerings Just Bare and Pilgrim's grew combined net sales 65% YoY.
- Operational improvements supported sequential margin gains across all regions despite uneven markets.
- Athens, GA expansion started production; protein conversion plant in South Georgia on track.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000085/0000802481-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000085/ppc-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000802481-23-000085

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