earnings
confidence high
sentiment positive
materiality 0.85
Pilgrim's Pride Q3 net sales $4.585B, GAAP EPS $1.47, adj. EPS $1.63, operating income up 146% YoY
PILGRIMS PRIDE CORP
2024-Q3 EPS reported
$3.58
revenue$13,506,227,000
- Net sales of $4.585B (+5.2% YoY); GAAP operating income $508.4M (11.1% margin) vs $206.4M a year ago.
- GAAP EPS $1.47 vs $0.51; Adjusted EPS $1.63; Adjusted EBITDA $660.4M (14.4% margin) vs $324M (7.4%).
- U.S. Fresh portfolio improved on operational excellence; Europe adjusted EBITDA nearly +40% YoY; Mexico sales grew ahead of market.
- Branded prepared foods expanded across retail/foodservice; over 280 new products launched in Europe during Q3.
- Net leverage ratio 0.65x EBITDA; 2023 Sustainability Report shows 69% safety index improvement, 17% GHG reduction since 2019.