Pilgrim’s Pride Reports Q1 Net Sales of $3.27 billion, Operating Income of $158.5 million and GAAP EPS of $0.41
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Pilgrim's Pride (PPC) Tops Q1 EPS by 7c, Revenues Beat
April 28, 2021 4:33 PM EDTPilgrim's Pride (NASDAQ: PPC) reported Q1 EPS of $0.42, $0.07 better than the analyst estimate of $0.35. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.24 billion.
First Quarter Highlights
Net Sales of $3.27 billion.GAAP Net Income of $100.2 million. Adjusted Net Income of $103.0 million or adjusted EPS of $0.42.Consolidated Operating Income margin of 4.8% with Operating Income margins of 3.4% in U.S., 19.0% in Mexico and 1.2% in Europe.Adjusted EBITDA of $253.8 million, or a 7.8% margin, 53.4% higher than a year ago.Throughout the global COVID-19 pandemic, we... More