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Jun 28, 2020
Pilgrim's Pride Q2 2020 Earnings Report
Pilgrim's Pride experienced a challenging Q2 2020 due to the Covid-19 pandemic, but showed resilience through diversified strategies and improved performance towards the end of the quarter.
Key Takeaways
Pilgrim's Pride reported Q2 net sales of $2.82 billion and a GAAP EPS of $(0.02). The company faced volatility due to Covid-19, but saw improved performance in June. Europe generated operating results similar to last year, while the U.S. and Mexico faced tough market dynamics.
Net Sales reached $2.82 billion.
Net GAAP loss was $(6.0) million.
Adjusted EBITDA stood at $112.2 million, with a 4.0% margin.
Performance improved during June 2020, with the U.S. similar, Europe slightly ahead, and Mexico in-line compared to June 2019.
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