Pilgrim's Pride reported strong first quarter 2024 results, with net sales reaching $4.4 billion and operating income of $250.3 million. The company saw improvements across its U.S., Europe, and Mexico segments, driven by key customer partnerships, branded offerings, and operational excellence.
Net sales reached $4.4 billion.
Operating income was $250.3 million.
GAAP EPS was reported at $0.73, while adjusted EPS was $0.77.
Adjusted EBITDA stood at $371.9 million, with a margin of 8.5%.
Pilgrim’s Pride did not provide specific forward guidance in the earnings report. The report focuses on the results and strategies implemented during the first quarter of 2024.
Visualization of income flow from segment revenue to net income