secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000802481-24-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q3 net sales $4.585B, GAAP EPS $1.47, adj. EPS $1.63, operating income up 146% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000089/0000802481-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248124000089/ppc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000802481-24-000089

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