Pilgrim’s Pride Reports Q1 Net Sales of $3.07 Billion, Operating Income of $84 Million and GAAP EPS of $0.27
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Pilgrim's Pride (PPC) Tops Q1 EPS by 10c, Revenues Beat
April 29, 2020 5:14 PM EDTPilgrim's Pride (NASDAQ: PPC) reported Q1 EPS of $0.27, $0.10 better than the analyst estimate of $0.17. Revenue for the quarter came in at $3.07 billion versus the consensus estimate of $3.01 billion.
First Quarter Highlights
Net Sales of $3.07 billion.Net GAAP Income of $67.3 million, including one-time $0.09 per share gain on case settlement.Operating Income margins of 4.4% in U.S., -7.3% in Mexico and 2.8% in Europe operations, respectively.Adjusted EBITDA of $165.5 million, or a 5.4% margin.Strong focus in execution and dedication by our team members, combined with portfolio strategy of differentiated products, strong Key Customer... More