earnings
confidence high
sentiment positive
materiality 0.85
Pilgrim's Pride Q1 EPS $0.73 vs $0.02 YoY; net sales $4.36B +4.7%
PILGRIMS PRIDE CORP
2024-Q1 EPS reported
$0.73
revenue$4,361,934,000
- GAAP net income $174.9M ($0.73 EPS); adjusted EPS $0.77; operating income $250.3M, up 699.7%.
- Consolidated adjusted EBITDA $371.9M (8.5% margin); US 9.4%, Europe 6.4%, Mexico 9.2%.
- Prepared Foods branded sales (Just Bare, Pilgrim's) grew 30% YoY; Richmond +6.5%, Fridge Raiders +9.6% in Europe.
- Net leverage below 2.0x adjusted EBITDA; strong liquidity from working capital management.
- GHG emission intensity fell 15.6% (2019-2022), absolute reduction of 216,000 metric tons.