Pilgrim’s Pride Corp ( (PPC) ) has released its Q4 earnings. Here is a breakdown of the information Pilgrim’s Pride Corp presented to its investors.
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Pilgrim’s Pride Corporation, a leading global food company in the poultry industry, operates numerous protein processing plants and facilities across the U.S., Mexico, and Europe, focusing on providing diverse poultry products to retailers and foodservice distributors.
In its latest earnings report, Pilgrim’s Pride announced significant financial achievements for 2024, highlighted by net sales reaching $17.9 billion and an impressive GAAP net income of $1.1 billion. The company also reported a consolidated GAAP operating income margin of 8.4% and an adjusted EBITDA of $2.2 billion, underpinning a successful year across its diverse operations.
Key financial metrics showcase a robust performance, with adjusted net income reaching $1.3 billion, leading to an adjusted EPS of $5.42. The U.S. market registered a strong adjusted EBITDA margin of 14.7%, driven by high demand for chicken and strategic portfolio execution. In Europe, operational excellence and product innovation contributed to steady growth, while in Mexico, improved commodity markets and expanded distribution bolstered margins. The company’s commitment to sustainability was evident, with reductions in emissions intensity recognized by external agencies.
During the fourth quarter, Pilgrim’s Pride reported net sales of $4.4 billion and a GAAP net income of $235.9 million. The U.S. segment saw benefits from strong seasonal commodity values, while growth in prepared foods and branded offerings continued to boost performance. European operations improved through manufacturing optimizations, and Mexico’s operations thrived with increased fresh product sales and capacity investments.
Looking forward, Pilgrim’s Pride remains focused on leveraging its diversified portfolio, strategic partnerships, and sustainability initiatives to drive profitable growth across its global operations. The management is optimistic about continuing to improve efficiencies and expand its market presence in the coming year.
