secwatch.observer — SEC 8-K summary
======================================

Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000802481-24-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q4 adjusted EPS $0.59 vs loss year ago; FY revenue down 0.6%
----------------------------------------------------------------------------

- GAAP EPS $0.57 in Q4, $1.36 for FY; adjusted EPS $0.59 and $1.69.
- Q4 net sales $4.5B (+9.7% YoY); FY net sales $17.4B (-0.6% YoY).
- Adjusted EBITDA Q4 $309.5M (6.8% margin); FY $1.03B (6.0% margin).
- U.S. fresh portfolio resilient; Prepared Foods branded sales (Just Bare, Pilgrim's) grew over 59% YoY.
- Mexico branded volumes up nearly double digits YoY; adjusted EBITDA margin 8.7% for FY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000010/0000802481-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000010/ppc-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000802481-24-000010

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