Pilgrim’s Pride Reports Q3 Net Sales of $3.08 Billion, Operating Income of $94 Million and GAAP EPS of $0.14
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Pilgrim's Pride (PPC) Tops Q3 EPS by 31c, Revenues Beat
October 28, 2020 4:55 PM EDTPilgrim's Pride (NASDAQ: PPC) reported Q3 EPS of $0.66, $0.31 better than the analyst estimate of $0.35. Revenue for the quarter came in at $3.08 billion versus the consensus estimate of $3.01 billion.
Third Quarter Highlights
Net Sales of $3.08 billion.Net GAAP Income of $33.4 million. Adjusted Net Income of $161.7 million or adjusted EPS of $0.66 excluding $110.5 million DOJ agreement.Consolidated Operating Income margin of 3% with Adjusted Operating Income margins of 6.7% in U.S. excluding DOJ agreement, 18.4% in Mexico and 3.5% in Europe.Adjusted EBITDA of $305.0 million, or a 9.9% margin, 18% higher than a year... More