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

Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000802481-24-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q1 EPS $0.73 vs $0.02 YoY; net sales $4.36B +4.7%
-----------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000034/0000802481-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000034/ppc-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000802481-24-000034

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