earnings
confidence high
sentiment positive
materiality 0.85
Pilgrim's Pride reports Q2 2024: net sales $4.6B, operating income $440.8M, adjusted EPS $1.67
PILGRIMS PRIDE CORP
2024-Q2 EPS reported
$2.11
revenue$8,921,248,000
- Q2 GAAP net income $326.5M ($1.37 EPS); adjusted net income $398.0M ($1.67 EPS).
- Net sales $4.6B (+5.8% YoY); operating income $440.8M (+339.5% YoY).
- Adjusted EBITDA $655.9M (14.4% margin vs 5.8% prior year).
- Segment adjusted EBITDA margins: US 16.7%, Europe 7.4% (+40% YoY), Mexico 19.4%.
- Net leverage ratio 1.1x; strong liquidity supports growth strategy.