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Mar 28, 2021
Pilgrim's Pride Q1 2021 Earnings Report
Pilgrim's Pride reported increased net sales and operating income, driven by strong performance in Mexico and recovering demand in the U.S., despite challenges in Europe.
Key Takeaways
Pilgrim's Pride reported Q1 net sales of $3.27 billion, a 6.5% increase year-over-year, with a GAAP EPS of $0.41. The company's operating income reached $158.5 million, reflecting improved performance across its U.S. and Mexico operations, while Europe faced headwinds from higher feed costs and COVID-19 related impacts.
Net sales reached $3.27 billion.
GAAP net income was $100.2 million, with an adjusted EPS of $0.42.
The consolidated operating income margin was 4.8%, with significant variations across regions: 3.4% in the U.S., 19.0% in Mexico, and 1.2% in Europe.
Adjusted EBITDA was $253.8 million, representing a 7.8% margin, a 53.4% increase compared to the previous year.
Pilgrim's Pride
Pilgrim's Pride
Pilgrim's Pride Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comEurope Revenue
CapyFin.comMexico Revenue
CapyFin.com 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