Pilgrim's Pride

Pilgrim's Pride Corp. is engaged in the production, processing, marketing and distribution of fresh, frozen, and value-added chicken products to retailers, distributors and foodservice operators. It operates through the following segments: U.S., U.K. & Europe and Mexico. The company was founded by Lonnie A. Pilgrim and Aubrey Pilgrim on October 2, 1946, and is headquartered in Greeley, CO.

Earnings data Q1 2021

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Pilgrim's Pride reports solid 2022 performance amidst sector challenges

Pilgrim's Pride navigated challenges in 2022 with a focus on team leadership, strategy execution, and future aspirations.
The company balanced losses in commodity segments with margins in other businesses, showcasing operational resilience and adaptability.
Stable margins in key segments and strategic investments position Pilgrim's Pride for growth and profitability in the coming year.
Operational enhancements, restructuring programs, and market strategies demonstrate a proactive approach to addressing challenges and seizing opportunities.

Pilgrim's Pride reports Q1 earnings, anticipates reduced supply challenges

Pilgrim's Pride navigated market challenges with a focus on customer relationships and operational excellence. Despite lower margins and challenges in commodity markets, the company saw improvements in profitability across key segments. Anticipating a reduction in supply, increased promotional activity, and stabilization in commodity segments present opportunities for growth.

Pilgrim's Pride reports solid Q2 performance amidst market challenges

Pilgrim's Pride's Q2 performance showcased solid revenues and EBITDA, with growth in key segments and markets.
While facing challenges in pricing and production, the company's strengths in diversification and operational excellence position it well for future growth.
Opportunities lie in leveraging operational improvements, customer-focused strategies, and market adjustments to drive profitability and sustainability.
Overall, Pilgrim's Pride remains committed to navigating challenges through strategic initiatives and a focus on long-term growth.

Pilgrim's Pride reports robust Q3 earnings, eyes growth opportunities

Pilgrim's Pride delivered strong financial performance in Q3 2023, focusing on operational excellence and growth opportunities. While facing challenges such as market volatility and cash balance reduction, the company is well-positioned to capitalize on opportunities like lower meat availability and acquisitions. Overall, Pilgrim's Pride aims to drive profitable growth through key customer partnerships and operational efficiency.

Pilgrim's Pride posts solid Q4 results, eyes operational savings

Pilgrim's Pride delivered strong financial performance, addressing challenges in hatchability and market conditions. The company is well-positioned to capitalize on global demand for chicken and drive profitability through operational excellence and diversification efforts.

Pilgrim's Pride reports strong Q1 earnings, eyes pricing opportunities

Pilgrim's Pride's Q1 2024 earnings call highlighted robust financial performance, driven by strategic initiatives and operational efficiency. While facing challenges in production factors, the company aims to capitalize on market opportunities through pricing improvements and cost optimization. Overall, Pilgrim's Pride remains focused on minimizing risks, capturing market potential, and prioritizing safety and well-being for sustained growth.

Pilgrim's Pride excels in Q3 with strong financial performance and growth opportunities

Pilgrim's Pride showcased robust financial performance, driven by operational efficiencies and margin expansion in key regions. While facing challenges in Mexico and pricing pressures, the company has opportunities to capitalize on growing chicken demand and strengthen its market position.

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Pilgrim's Pride Corp. engages in the production, processing, marketing, and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors, and foodservice operators. It operates through the following segments: U.S., U.K. and Europe, and Mexico. The company was founded by Lonnie A. Pilgrim and Aubrey Pilgrim on October 2, 1946, and is headquartered in Greeley, CO.

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Pilgrim's Pride Corp and Tyson Foods Inc said on Monday they have settled price-fixing litigation by a group of poultry buyers that accused them of violating U.S. antitrust law by conspiring to inflate chicken prices.

Pilgrim's Pride, Tyson Foods settle some chicken price-fixing litigation

Sanderson Farms

Chickens are coming home to roost for an industry that has long been plagued by scandal.

Chick-fil-A Sues Tyson, Poultry Producers for Price Fixing

NEW YORK--(BUSINESS WIRE)-- #PPC--Scott+Scott Attorneys at Law LLP Continues Investigating Pilgrim's Pride Corporation's Directors and Officers for Breach of Fiduciary Duties – PPC

Scott+Scott Attorneys at Law LLP Continues Investigating Pilgrim's Pride Corporation's Directors and Officers for Breach of Fiduciary Duties – PPC

Strength in Pilgrim's Pride (PPC) European business is yielding results. Also, the company's focus on its customer-centric initiatives is impressive.

Pilgrim's Pride (PPC) Looks Solid on Strategic Growth Efforts

Pilgrim's Pride Corporation is the king of chicken products throughout more than 100 countries. The stock is greatly undervalued with share price -42% for the past year. Giant pork producer JBS owns 80% of Pilgrim's shares. PPC turned a Q'3 profit with the surge in pork and poultry to China, Southeast Asia, and strong sales in Mexico.

Pilgrim's Pride Has More Upside Than Risk

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The Hain Celestial Group, Inc. (HAIN), United Natural Foods, Inc. (UNFI) and Tyson Foods, Inc. (TSN) may one again witness a surge in the demand for their products as surging coronavirus cases may once again compel people to confine themselves indoors.

Coronavirus Fears to Boost Packaged Food Sales: 4 Picks

We believe that multi-national food company, and one of the largest chicken producers in the United States and Puerto Rico, Pilgrim's Pride Corp stock, may be a good opportunity at the present time. PPC trades a little over $17 currently and is, in fact, down 47% so far this year.

Pilgrim's Pride Stock Still Down 47% YTD: Opportunity For 20% Gains

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Pilgrim's Pride Corporation (PPC) CEO Fabio Sandri on Q3 2020 Results - Earnings Call Transcript

Pilgrim's Pride's (PPC) third-quarter 2020 results reflect higher sales and earnings on strength across European and Mexican operations.

Pilgrim's Pride (PPC) Up on Q3 Earnings Beat, Solid Sales

GREELEY, Colo., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ: PPC) reports third quarter 2020 financial results.

Pilgrim's Pride Reports Q3 Net Sales of $3.08 Billion, Operating Income of $94 Million and GAAP EPS of $0.14

Macroeconomic headwinds in Mexico and soft demand in foodservice channels are likely to get reflected in Pilgrim's Pride's (PPC) third-quarter performance. However, favorable inputs costs bode well.

Here's How Pilgrim's Pride (PPC) Looks Ahead of Q3 Earnings

NEW YORK--(BUSINESS WIRE)-- #PPC--Scott+Scott Attorneys at Law LLP Continues Investigating Pilgrim's Pride Corporation's Directors and Officers for Breach of Fiduciary Duties (PPC)

Scott+Scott Attorneys at Law LLP Continues Investigating Pilgrim's Pride Corporation's Directors and Officers for Breach of Fiduciary Duties (PPC)

Pilgrim's Pride (PPC) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

Pilgrim's Pride (PPC) in Focus: Stock Moves 5.7% Higher

One of the nation’s largest chicken processors has agreed to a plead deal after being charged with price-fixing.

Pilgrim’s Pride Agrees To Plea Deal In DOJ Probe

The SEC separately hit its parent JBS with a $27 million penalty for bribery.

Pilgrim's Pride Slapped With $110 Million Fine Over Chicken Price-Fixing

Pilgrim’s Pride has reached a plea agreement with the US government over charges of price-fixing in the chicken industry. Under the agreement, Pilgrim’s Pride would pay a fine of $110.5 million as a penalty for restraining competition in three separate contracts with a US customer.

Pilgrim’s Pride reaches plea deal over chicken price-fixing

U.S. poultry company Pilgrim's Pride Corp said on Wednesday it will pay a $110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products.

Pilgrim's Pride strikes plea deal over U.S. chicken price-fixing charges

Chicken processor Pilgrim's Pride Corporation (NASDAQ: PPC) will pay $110.5 million to the U.S. Justice Department and acknowledge wrongdoing as part of a price-fixing investigation, The Wall Street Journal reported. What Happened: Pilgrim will be the first chicken processor to acknowledge in court that it's guilty of price-fixing, according to WSJ.

Pilgrim's Pride To Pay $110M In Justice Department Price-Fixing Plea Deal

Pilgrim's Pride announced Wednesday that it will pay more than $110.5 million in a plea agreement with the US Department of Justice's Antitrust Division.

Pilgrim's Pride to pay more than $110 million to settle chicken price-fixing charges

GREELEY, Colo., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) today announced that it has entered into a plea agreement with the United States Department of Justice Antitrust Division in respect to its investigation into the sales of broiler chicken products in the United States. In the plea agreement, which is subject to the approval of the United States District Court of Colorado, Pilgrim’s and the Antitrust Division agreed to a fine of $110,524,140 for restraint of competition that affected three contracts for the sale of chicken products to one customer in the United States. The agreement does not recommend a monitor, any restitution or probationary period, and provides that the Antitrust Division will bring no further charges against Pilgrim’s in this matter, provided the company complies with the terms and provisions of the agreement. Pilgrim’s expects to record the fine as a miscellaneous expense in its financial statements in the third quarter of 2020.

Pilgrim’s Announces Agreement with DOJ Antitrust Division

GREELEY, Colo., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) announced today that it will host its third quarter 2020 earnings conference call and webcast on Thursday, October 29, 2020 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company’s financial and operational results will be followed by a question and answer period with Pilgrim’s executive management team.

Pilgrim’s Pride Corporation to Host Third Quarter 2020 Earnings Call on October 29, 2020

SAN DIEGO--(BUSINESS WIRE)---- $PPC #HAEclassaction--Haeggquist & Eck is investigating whether directors and officers of Pilgrim’s Pride Corporation (NYSE: PPC) breached their fiduciary duties.

Haeggquist & Eck, LLP Is Investigating Claims Against Pilgrim’s Pride Corporation’s Directors and Officers for Breach of Fiduciary Duty

Pilgrim’s Pride has replaced its CEO as he prepares to face price-fixing charges. The company announced in June that its chief executive, Jayson Penn, was taking a leave of absence to focus on his defense after he was indicted, and named Chief Financial Officer Fabio Sandri to lead the company in the interim.

Pilgrim’s Pride replaces CEO amid alleged price-fixing scheme

Los Angeles, California--(Newsfile Corp. - September 4, 2020) -  The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Pilgrim's Pride Corporation (NASDAQ: PPC)  ("Pilgrim's Pride" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S.

DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pilgrim's Pride Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

News for Pilgrim's Pride Stock (PPC)