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Pilgrim's Pride
🇺🇸 NASDAQ:PPC
•
Dec 29, 2024

Pilgrim's Pride Q4 2024 Earnings Report

Key Takeaways

Pilgrim’s Pride delivered strong profitability in Q4 2024, with a 73.7% YoY increase in EPS, driven by margin expansion in all regions and solid demand in the U.S. Prepared Foods segment.

Total Revenue
$4.37B
Previous year: $4.53B
-3.5%
EPS
$1.35
Previous year: $0.59
+128.8%
Operating Margin
7%
Previous year: 4.8%
+45.8%
Gross Margin
12.6%
Previous year: 7.1%
+77.5%
Adjusted EBITDA Margin
12%
Previous year: 6.8%
+76.5%
Gross Profit
$553M
Previous year: $332M
+66.8%
Cash and Equivalents
$2.05B
Previous year: $731M
+180.8%
Free Cash Flow
$190M
Previous year: $167M
+14.0%
Total Assets
$10.7B
Previous year: $9.81B
+8.6%

Pilgrim's Pride Revenue

Pilgrim's Pride EPS

Pilgrim's Pride Revenue by Segment

Pilgrim's Pride Revenue by Geographic Location

Forward Guidance

Pilgrim’s Pride expects continued margin expansion driven by operational efficiencies, brand growth, and strong demand in key markets.

Positive Outlook

  • Strong demand in U.S. Prepared Foods with 35% growth.
  • Improved operational efficiency in Europe increasing margins.
  • Mexico's fresh branded products growing at 10% YoY.
  • Sustainability investments reducing emissions intensity.
  • Continued strategic investments in capacity expansion.

Challenges Ahead

  • Slight revenue decline in Q4 due to lower volumes.
  • Potential volatility in commodity markets affecting margins.
  • Foreign exchange risks in European and Mexican operations.
  • Inflationary pressures impacting input costs.
  • Competitive market dynamics may challenge pricing power.

Revenue & Expenses

Visualization of income flow from segment revenue to net income