Pilgrim's Pride (PPC) Tops Q1 EPS by 53c
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Pilgrim’s Pride Reports First Quarter 2022 Results with $4.24 Billion in Net Sales and Operating Income Margin of 9.5%
April 27, 2022 5:11 PM EDTGREELEY, Colo., April 27, 2022 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its first quarter 2022 financial results.
First Quarter Highlights
Net Sales of $4.24 billion, up nearly 30% from prior year.Consolidated GAAP operating income margin of 9.5% with GAAP operating income margins of 13.8% in U.S., 14.7%Â in Mexico and -1.8% in Europe.GAAP Net Income of $280.6 million and GAAP EPS of $1.15. Adjusted Net Income of $287.2 million or adjusted EPS of $1.18.Adjusted EBITDA of $501.8 million, or an 11.8%... More