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 PRESS RELEASE

Pilgrim’s Pride Reports First Quarter 2024 Results with $4.4 Billion i...

Pilgrim’s Pride Reports First Quarter 2024 Results with $4.4 Billion in Net Sales and Operating Income of $250.3 Million GREELEY, Colo., May 01, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its first quarter 2024 financial results. First Quarter Highlights Net Sales of $4.4 billion.Consolidated GAAP operating income margin of 5.7%.GAAP Net Income of $174.9 million and GAAP EPS of $0.73. Adjusted Net Income of $182.9 million or Adjusted EPS of $0.77.Adjusted EBITDA of $371.9 million, or a 8.5% margin, with adjus...

 PRESS RELEASE

Pilgrim’s Pride Corporation to Host First Quarter Earnings Call on May...

Pilgrim’s Pride Corporation to Host First Quarter Earnings Call on May 2, 2024 GREELEY, Colo., April 10, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will release its first quarter 2024 financial results after the U.S. market closes on Wednesday, May 1. The company’s executives will review the results on a conference call and webcast on Thursday, May 2, 2024 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management te...

 PRESS RELEASE

Pilgrim’s Pride Reports Fourth Quarter and Year-End 2023 Results

Pilgrim’s Pride Reports Fourth Quarter and Year-End 2023 Results GREELEY, Colo., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2023 financial results. 2023 Highlights Net Sales of $17.4 billion.Consolidated GAAP Operating Income margin of 3.0%.GAAP Net Income of $321.6 million and GAAP EPS of $1.36. Adjusted Net Income of $400.3 million, or adjusted EPS of $1.69.Adjusted EBITDA of $1.0 billion, or a 6.0% margin, with adjusted EBITDA margins of 5.3% in the U.S., 6.1% i...

 PRESS RELEASE

Pilgrim’s Pride Corporation to Host Year End 2023 Earnings Call on Feb...

Pilgrim’s Pride Corporation to Host Year End 2023 Earnings Call on February 26, 2024 GREELEY, Colo., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will release its fourth quarter and fiscal year 2023 financial results on Monday, Feb. 26. The company’s executives will review the results on a conference call and webcast at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with the Pilgrim’s executive management team. A press release and suppl...

Pilgrim's Pride Corporation: Covenant Quality Post-Sale Snapshot: $1.0...

Pilgrim's Pride Corporation's covenant package provides lower-tier HY-Lite protection, reflecting a covenant quality score of 5.00.

Pilgrim's Pride Corporation: Update to Credit Analysis

Our credit view of Pilgrim's Pride reflects its very good liquidity to manage cyclical slowdown, against its exposure to industry cycles and commodity price volatility.

Pilgrim's Pride Corporation: Update to Credit Analysis

Our credit view of Pilgrim's Pride reflects its very good liquidity to manage cyclical slowdown, against its exposure to industry cycles and commodity price volatility.

 PRESS RELEASE

Pilgrim’s Pride Reports Third Quarter 2023 Results with $4.4 Billion i...

Pilgrim’s Pride Reports Third Quarter 2023 Results with $4.4 Billion in Net Sales and Operating Income of $206.4 Million GREELEY, Colo., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2023 financial results. Third Quarter Highlights Net Sales of $4.4 billion.GAAP Net Income of $121.6 million and GAAP EPS of $0.51. Adjusted Net Income of $136.7 million or Adjusted EPS of $0.58.Consolidated GAAP operating income margin of 4.7%.Adjusted EBITDA of $324.0 million, or a 7.4% margin, with adju...

Pilgrim's Pride Corporation: Update to Credit Analysis

Our credit view of Pilgrim's Pride reflects its moderate financial leverage and very good liquidity, constrained by its exposure to industry cycles and commodity price volatility.

 PRESS RELEASE

Pilgrim’s Pride Corporation to Host Third Quarter Earnings Call on Oct...

Pilgrim’s Pride Corporation to Host Third Quarter Earnings Call on October 26, 2023 GREELEY, Colo., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will release its third quarter of 2023 financial results after the U.S. market closes on Wednesday, October 25. The company’s executives will review the results on a conference call and webcast on Thursday, October 26, 2023 at 7 a.m. MT (9 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s execut...

Moody's assigns Ba2 to Pilgrim's Pride's proposed notes; affirms Ba2 C...

Moody's Investors Service ("Moody's") assigned a Ba2 rating to Pilgrim's Pride Corporation's ("Pilgrim's") proposed 10-year senior unsecured notes. Moody's also affirmed Pilgrim's Ba2 Corporate Family Rating ("CFR") and Ba2-PD Probability of Default Rating ("PDR"), and upgraded the rating on the com...

 PRESS RELEASE

Pilgrim's Releases 2022 Sustainability Report

Pilgrim's Releases 2022 Sustainability Report GREELEY, Colo., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Pilgrim’s [NASDAQ: PPC], a leading global food company, today announced the release of its , which includes key highlights from the past year across the company’s global operations. The report details advancements in critical areas of sustainability in the United States, the United Kingdom, Continental Europe and Mexico. Pilgrim’s produces high-quality poultry, pork, retail-ready, and prepared-foods products, and focuses on meeting needs in the local communities where its team members live and...

 PRESS RELEASE

Pilgrim’s Pride Reports Second Quarter 2023 Results with $4.3 Billion ...

Pilgrim’s Pride Reports Second Quarter 2023 Results with $4.3 Billion in Net Sales and Operating Income of $100.3 Million GREELEY, Colo., July 26, 2023 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its second quarter 2023 financial results. Second Quarter Highlights Net Sales of $4.3 billion.GAAP Net Income of $60.9 million and GAAP EPS of $0.25. Adjusted Net Income of $105.3 million and Adjusted EPS of $0.44.Consolidated GAAP operating income margin of 2.3%.Adjusted EBITDA of $248.7 million, or a 5.8% margin, with a...

 PRESS RELEASE

Pilgrim’s Pride Corporation to Host Second Quarter Earnings Call on Ju...

Pilgrim’s Pride Corporation to Host Second Quarter Earnings Call on July 27, 2023 GREELEY, Colo., July 11, 2023 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will release its second quarter of 2023 financial results after the U.S. market closes on Wednesday, July 26. The Company’s executives will review the results on a conference call and webcast on Thursday, July 27, 2023 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executi...

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