Pilgrim's Pride (PPC) Reports In-Line Q1 EPS, Revenues Miss
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Pilgrim’s Pride Reports Q1 Net Sales of $2.72 Billion, Operating Income of $137 Million and GAAP EPS of $0.34
May 1, 2019 4:50 PM EDTGREELEY, Colo., May 01, 2019 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC) reports first quarter 2019 financial results.
First Quarter Highlights
Net Sales of $2.72 billion.Net Income of $84.0 million.Operating Income margins of 6.1% in U.S., 2.9% in Mexico and 2.5% in Europe operations, respectively.Adjusted EBITDA of $204.4 million (or a 7.5% margin), and Adjusted EPS of $0.35.Significant sequential rebound in U.S. operations vs. Q4, driven by stronger markets as feature activities tracked much closer to seasonality. Our balanced portfolio has continued to... More