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Sep 25, 2022
Pilgrim's Pride Q3 2022 Earnings Report
Pilgrim's Pride experienced significant changes in market fundamentals, with sales growing almost 17% and Adjusted EBITDA nearly 33% from the prior year.
Key Takeaways
Pilgrim's Pride Corporation reported third quarter 2022 financial results with net sales of $4.47 billion, a 16.8% increase from the prior year. The company's consolidated GAAP operating income margin was 7.6%, with GAAP EPS of $1.08. Adjusted EBITDA reached $460.5 million, representing a 10.3% margin.
Net Sales reached $4.47 billion, up 16.8% from prior year.
Consolidated GAAP operating income margin was 7.6%, with U.S. at 11.9%, Mexico at (3.2)%, and Europe at 1.2%.
GAAP Net Income was $259.0 million, with GAAP EPS of $1.08.
Adjusted EBITDA was $460.5 million, a 10.3% margin, 32.7% higher than a year ago.
Revenue by Geographic Location
Forward Guidance
Pilgrim's is building additional momentum for its 2040 Net Zero Program with approved investments of nearly $40 million in plant level improvements that both enhanced overall operational efficiency and reduced greenhouse gas emissions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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