Pilgrim’s Pride ( (PPC) ) just unveiled an update.
Pilgrim’s Pride Corporation reported strong financial results for the third quarter of 2024, with notable increases in net revenue and adjusted EBITDA, driven by higher U.S. commodity market pricing and operational efficiencies in Europe. The company highlighted the challenges and risks posed by market fluctuations and global events, while emphasizing the growth with key customers and improvements in cost management. Inventory levels saw a decline, and adjusted EBITDA margin nearly doubled year-over-year, showcasing the company’s ability to navigate a complex market environment effectively.
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