Loading...
•
Sep 29, 2024
Pilgrim's Pride Q3 2024 Earnings Report
Pilgrim's Pride reported Q3 2024 results with net sales of $4.6 billion and operating income of $508.4 million.
Key Takeaways
Pilgrim's Pride Corporation reported strong third-quarter results, driven by operational excellence, diversification, and key customer partnerships. Net sales reached $4.6 billion, with an operating income of $508.4 million, reflecting an 11.1% margin. Adjusted EBITDA was $660.4 million, representing a 14.4% margin. The company's U.S. Fresh portfolio continued to improve, while Europe saw a substantial increase in Adjusted EBITDA. Mexico's results were in line with seasonal expectations, with branded sales growing over 20%.
Net sales reached $4.6 billion.
Consolidated GAAP operating income margin was 11.1%.
Adjusted EBITDA was $660.4 million, with a 14.4% margin.
Europe improved Adjusted EBITDA nearly 40% versus prior year.
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
Pilgrim's is focused on operational excellence, diversifying its portfolio, and cultivating partnerships with Key Customers to drive value for the consumer.
Positive Outlook
- Continued emphasis on operational excellence.
- Diversification of portfolio through value-added offerings.
- Cultivation of partnerships with Key Customers to drive value.
- Focus on quality, service, and innovation.
- Stronger liquidity position given healthy cash generation.
Challenges Ahead
- Fluctuations in currency exchange rates.
- Trade barriers and exchange controls.
- Disruptions in international markets and distribution channels.
- Risk of cyber-attacks and telecommunication failures.
- Uncertainties of litigation and other legal matters.
Revenue & Expenses
Visualization of income flow from segment revenue to net income