Brief: Pilgrims Pride Reports Q1 GAAP Earnings Per Share $1.15

Pilgrims Pride

27/04/2022 23:16

April 27 (Reuters) - Pilgrims Pride Corp  PPC.O :
    * PILGRIM’S PRIDE REPORTS FIRST QUARTER 2022 RESULTS WITH
$4.24
BILLION IN NET SALES AND OPERATING INCOME MARGIN OF 9.5%
    * Q1 GAAP EARNINGS PER SHARE $1.15
    * Q1 SALES ROSE 30 PERCENT TO $4.24 BILLION
    * Q1 ADJUSTED EARNINGS PER SHARE $1.18
    * OUR US BUSINESS LED WAY IN PERFORMANCE AS OUR RETAIL
DEMAND
REMAINED STABLE AND FOODSERVICE RECOVERED TO PRE-COVID LEVELS IN
QUARTER
    * PILGRIMS PRIDE- ALTHOUGH UK,EUROPEAN BUSINESS HAS TAKEN
MANY
STEPS TO IMPROVE PROFITABILITY, FACED WEAK MARKET
CONDITIONS,RAPID ESCALATION OF COSTS
    * MEXICO REBOUNDED IN QUARTER FROM PREVIOUS QUARTER AS IT
EXPERIENCED BETTER THAN EXPECTED DEMAND
    * Q1 EARNINGS PER SHARE VIEW $0.65, REVENUE VIEW $4.07
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4hY9P3 
Further company coverage:  PPC.O 

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