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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.
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
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Avg. Return Before/After Earnings
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