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Dec 29, 2019
Pilgrim's Pride Q4 2019 Earnings Report
Pilgrim's Pride's financial performance improved in Q4 2019, driven by strong execution, key customer partnerships, and operational efficiencies.
Key Takeaways
Pilgrim's Pride reported Q4 2019 net sales of $3.06 billion and net GAAP income of $92.1 million. The company's operating performance in the U.S. improved, while macro conditions in Mexico presented challenges. European operations showed continued improvement with newly acquired operations generating positive EBITDA.
Net sales reached $3.06 billion.
Net GAAP income was $92.1 million, including a one-time asset acquisition net gain.
U.S. operating performance improved due to key customer partnerships.
European operations showed improvement with new acquisitions contributing positively to EBITDA.
Revenue by Geographic Location
Forward Guidance
The company expects value added, specialty products to account for a larger portion of total results over the next few years as they continue to de-emphasize the mix of more volatile commodity sales and strengthen their margin profile.
Positive Outlook
- Focus on value-added, specialty products.
- De-emphasizing volatile commodity sales.
- Strengthening the margin profile.
- Continued improvement in U.S. operating performance.
- Strong pork exports and good domestic demand in Europe.
Challenges Ahead
- Weak macro conditions in Mexico contributed to uncertainties in consumer spending and demand.
- Prices in Mexico were below seasonal expectations.
- Challenging conditions in the commodity sector.
- Impact of market volatility.
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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