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Dec 26, 2021
Pilgrim's Pride Q4 2021 Earnings Report
Reported solid growth in sales and adjusted EBITDA.
Key Takeaways
Pilgrim's Pride reported strong Q4 2021 results with net sales of $4.0 billion and adjusted EBITDA of $316.7 million, a 7.8% margin, despite facing input cost inflation, supply chain disruptions, and labor shortages.
Net Sales of $4.0 billion.
GAAP Net Income of $36.8 million.
Adjusted EBITDA of $316.7 million, or a 7.8% margin, 54.2% higher than last year.
Consolidated GAAP Operating Income margin of 1.4%.
Revenue by Geographic Location
Forward Guidance
Strong U.S. consumer demand for chicken supported fresh meat pricing throughout 2021, and we expect this pricing environment to continue into the near future with the USDA projecting supply growth of only 1.6% for 2022.
Positive Outlook
- Strong U.S. consumer demand for chicken supported fresh meat pricing throughout 2021.
- Expect this pricing environment to continue into the near future with the USDA projecting supply growth of only 1.6% for 2022.
- Chicken remains a great value relative to the other major proteins.
- Continue to grow and improve our portfolio in partnerships with Key Customers
- Continue to grow our Prepared Foods business while supporting our differentiated Pilgrim’s® and Just Bare® brands within retail and e-commerce.
Challenges Ahead
- Our legacy European businesses faced rising input costs and overall inflation.
- Labor disruptions due to Brexit.
- Very challenging market conditions in Europe.
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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