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PPC Pilgrims Pride News Story

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Pilgrim's Pride Q4 sales rise 3.3%, beat estimates

Overview

Food company Pilgrim's Pride Q4 sales rose 3.3%, beating analysts' expectations

Adjusted EBITDA beat analyst estimates, despite a 21% drop

GAAP EPS for Q4 fell 62.6% yr/yr

Outlook

Pilgrim's Pride focuses on expanding branded offerings and geographic footprint in Mexico

Company emphasizes sustainability with improved environmental and social scores

Pilgrim's Pride aims to enhance operational efficiencies in Europe through optimization and product innovation

Result Drivers

U.S. FRESH PORTFOLIO - Strong demand in Case Ready and Small Bird categories drove growth, outpacing industry averages

PREPARED FOODS GROWTH - U.S. Prepared Foods sales increased 18% with Just Bare brand leading in frozen fully cooked category

EUROPE IMPROVEMENTS - Sales and Adjusted EBITDA rose due to manufacturing optimization and brand diversification

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 SalesBeat$4.52 bln$4.40 bln (7 Analysts)
Q4 EPS$0.37
Q4 Adjusted EBITDABeat$415.10 mln$389.24 mln (6 Analysts)
Q4 Adjusted EBITDA Margin9.20%
Q4 Operating Income$204.10 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell" The average consensus recommendation for the food processing peer group is "buy." Wall Street's median 12-month price target for Pilgrims Pride Corp is $42.06, about 1.7% below its February 10 closing price of $42.78 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago Press Release: ID:nGNX5srGYz For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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