Loading...
•
Mar 29, 2020
Pilgrim's Pride Q1 2020 Earnings Report
Pilgrim's Pride experienced a challenging quarter due to volatile markets and the impact of Covid-19, but achieved solid results relative to industry competition.
Key Takeaways
Pilgrim's Pride reported Q1 net sales of $3.07 billion, operating income of $84 million, and GAAP EPS of $0.27. The company faced volatile and challenging markets due to Covid-19, but its strategy achieved solid results relative to industry competition. Operating results in Europe improved significantly but were offset by difficult market dynamics in the U.S. and Mexico.
Net Sales reached $3.07 billion.
Net GAAP Income was $67.3 million, including a one-time $0.09 per share gain on case settlement.
Adjusted EBITDA amounted to $165.5 million, with a 5.4% margin.
The company maintained a strong liquidity position through emphasis on cash flow generation and working capital management.
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...