Pilgrim's Pride Q3 2021 Earnings Report
Key Takeaways
Pilgrim's Pride Corporation reported a 24% increase in net sales to $3.83 billion and an adjusted EBITDA of $346.9 million, a 9.1% margin, up 13.7% from the previous year.
Net Sales increased by 24% year-over-year to $3.83 billion.
Consolidated GAAP Operating Income margin was 3.2%, with notable performance in Mexico (11.5%).
Adjusted EBITDA reached $346.9 million, representing a 9.1% margin, exceeding the prior year by 13.7%.
The acquisition of Kerry Consumer Foods’ Meats and Meals business was completed, adding value-added protein and integrated prepared foods to the portfolio under the name Pilgrim’s Food Masters.
Pilgrim's Pride
Pilgrim's Pride
Pilgrim's Pride Revenue by Geographic Location
Forward Guidance
The company is committed to being the best and most respected company in the industry and will continue to perform to the best of its ability to serve Key Customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income