Pilgrims Pride Corp

NASDAQ:PPCUnited States

Oct 30, 2024

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• Pilgrim's Pride Q3 Adjusted Earnings, Sales Increase; Shares Advance After Hours, from 5:58PM ET on Wednesday Oct 30, 2024 by MT Newswires

  5:58PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: PPC
  05:58 PM EDT, 10/30/2024 (MT Newswires) -- Pilgrim's Pride (PPC) reported Q3 adjusted earnings late Wednesday of $1.63 per diluted share, up from $0.58 a year earlier. Four analysts polled by Capital IQ expected $1.38. Net sales for the quarter tha...

• DJ Pilgrim's Pride Profits on Cheap Feed, Need for More Chicken -- Market Talk, from 4:59PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:59PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: JBSAY, PPC
  
  1658 ET - Consumer demand for chicken remains hot as the second largest chicken company, Pilgrim's Pride, said poultry remains a better bargain than competing meats. The company posted a 5% rise in sales for the three months that ended Sept. 29 and a profit of $350 million, above what Wall Street analysts were expecting. Chicken companies are benefiting from falling grain prices, making it cheaper to feed their birds. Pilgrim's, which is owned by meatpacking giant JBS, said demand from its restaurant and grocery store customers for its pre-cooked and smaller chicken products was also up. "The relative affordability and availability of chicken drove increased demand across retail and food service," CEO Fabio Sandri said in an earnings statement. (patrick.thomas@wsj.com)
  

• DJ Pilgrim's Pride 3Q Profit Soars on Higher Chicken Demand, Lower Costs, from 4:57PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:57PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: PPC
  
  By Paul Ziobro
  
  Pilgrim's Pride posted significantly higher profit in its third quarter, boosted by increased demand for chicken and lower input costs.
  
  The chicken producer on Wednesday reported third-quarter profit of $349.9 million, or $1.47 a share, compared with $121.3 million, or 51 cents a share, in the year ago quarter.