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Dec 31, 2023

Pilgrim's Pride Q4 2023 Earnings Report

Pilgrim's Pride's financial performance strengthened throughout the year, demonstrating resilience in challenging conditions.

Key Takeaways

Pilgrim's Pride Corporation reported Q4 2023 net sales of $4.5 billion and GAAP EPS of $0.57. The company's U.S. portfolio continued its momentum, while the U.K. and Europe business increased sales and adjusted EBITDA. Mexico maintained a focus on strategy and operations despite market conditions.

Net Sales of $4.5 billion.

Consolidated GAAP Operating Income margin of 4.1%.

GAAP Net Income of $134.7 million and GAAP EPS of $0.57.

Adjusted EBITDA of $309.5 million, or a 6.8% margin.

Total Revenue
$4.53B
Previous year: $4.13B
+9.7%
EPS
$0.59
Previous year: -$0.49
-220.4%
Adjusted EBITDA
$310M
Adjusted EBITDA margin
6.8%
Previous year: 1.5%
+353.3%
Gross Profit
$332M
Previous year: $95.8M
+246.4%
Cash and Equivalents
$698M
Previous year: $401M
+74.0%
Free Cash Flow
$167M
Previous year: -$265M
-162.9%
Total Assets
$9.81B
Previous year: $9.26B
+6.0%

Pilgrim's Pride

Pilgrim's Pride

Pilgrim's Pride Revenue by Geographic Location

Forward Guidance

Not specified in the provided document.

Revenue & Expenses

Visualization of income flow from segment revenue to net income