Pilgrim’s Pride Corporation (PPC) reported fourth-quarter 2024 results, wherein the bottom line increased year over year and beat the Zacks Consensus Estimate, while net sales decreased. The company benefited from its portfolio diversification strategies, operational excellence, branded offerings and key customer partnerships.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.PPC’s Q4 Results in DetailPilgrim's Pride reported adjusted earnings of $1.35 per share, surpassing the Zacks Con ...

Financial Data and Key Metrics Changes - For Q4 2024, net revenues were $4.4 billion with adjusted EBITDA of $536 million and an adjusted EBITDA margin of 12% [5][34] - For the fiscal year 2024, net revenues were $17.9 billion with adjusted EBITDA of $2.2 billion, translating into an adjusted EBITDA margin of 12.4% [8][34] - Adjusted EBITDA in the U.S. for Q4 was $371.6 million with adjusted EBITDA margins at 14.2% [35] - The U.S. business maintained momentum with net revenues of $10.63 billion and adjusted EBITDA of $1.56 billion, achieving a 14.7% margin [39] Business Line Data and Key Metrics Changes - The U.S. Fresh portfolio improved, with Big Bird expanding margins due to strong commodity cutout values and operational excellence [6] - Prepared Foods sales grew due to increased interest in brand offerings in retail and food service [6][25] - In Europe, margins expanded through optimization of the manufacturing network, with stable sales in retail [7][40] - Mexico's adjusted EBITDA for Q4 was $36.9 million, significantly up from $6.8 million last year, with an 11.8% adjusted EBITDA margin [41] Market Data and Key Metrics Changes - U.S. chicken production is projected to increase by 2.5% compared to Q4 2023, with production growth driven by increased headcount [10] - The USDA indicated that overall protein availability is expected to grow by only 1.2%, with a significant decline in beef availability, supporting demand for chicken [12] - Fresh proteins in retail benefited as the cost of eating out increased, leading to strong consumer demand for chicken [13] Company Strategy and Development Direction - The company is focused on a diversified portfolio to capture market upside and meet consumer demand [5] - Continued investment in operational excellence and innovation is prioritized to drive profitable growth [29][45] - The company aims to expand its capacity in the U.S. Prepared Foods business to meet growth trajectories [45] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand for chicken in both retail and food service, driven by its affordability [54] - The company expects continued strong demand for chicken products, particularly during the summer [82] - Management acknowledged challenges in hatchability and livability but is optimistic about improving management practices over time [104] Other Important Information - The company reported $476 million in CapEx for the year, with plans to spend between $450 million and $500 million in 2025 [44] - The company has a strong liquidity position with approximately $3.1 billion in total cash and available credit [43] Q&A Session Summary Question: Market dynamics in Q4 and early Q1 - Management highlighted strong demand for chicken due to its affordability and menu penetration in food service, despite some production challenges [54][55] Question: Capital allocation and CapEx guidance - Management indicated that the CapEx guidance of $450 million to $500 million is focused on sustaining operations and smaller growth projects, with further discussions expected at the Investor Day [58][59] Question: U.S. margins and grain pricing - Management explained that their diversified portfolio allows them to capture upside while protecting against downside volatility, with operational excellence initiatives contributing to improved performance [62] Question: Mexico's market dynamics - Management expressed confidence in Mexico's growing economy and continued investment, noting that demand for chicken products remains strong [72][76] Question: Impact of weather disruptions - Management acknowledged that weather events can disrupt operations but emphasized their geographic diversification helps mitigate significant impacts [110]

• Net Sales of $4.4 billion. • Consolidated GAAP Operating Income margin of 7.0%. • GAAP Net Income of $235.9 million and GAAP EPS of $0.99. Adjusted Net Income of $321.7 million and Adjusted EPS of $1.35. • Adjusted EBITDA of $525.7 million, or a 12.0% margin, with Adjusted EBITDA margins of 14.2% in the U.S., 9.3% in Europe, and 7.4% in Mexico. | Unaudited | | | | Three Months Ended | | | | | Year Ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | December 29, | | | ...

GREELEY, Colo., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's leading food companies, reports its fourth quarter and year-end 2024 financial results. 2024 Highlights Net Sales of $17.9 billion.Consolidated GAAP Operating Income margin of 8.4%.GAAP Net Income of $1.1 billion and GAAP EPS of $4.57. Adjusted Net Income of $1.3 billion, or Adjusted EPS of $5.42.Adjusted EBITDA of $2.2 billion, or a 12.4% margin, with Adjusted EBITDA margins of 14.7% in the U.S., ...

Pilgrim's Pride Corporation (PPC) is likely to register bottom-line growth when it reports fourth-quarter 2024 earnings on Feb. 13. The consensus mark for fourth-quarter earnings has been stable in the past 30 days at $1.13 per share, indicating a considerable increase of 91.5% reported in the year-ago quarter. PPC has a trailing four-quarter earnings surprise of 30.9%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Things to Consider Ahead of PPC’s Upcoming ResultsPilgr ...

Richard Driehaus secured a spot in Barron’s All-Century Team with his successful "buy high, sell higher" strategy, ideal for selecting the top momentum stocks.To that end, stocks like Pilgrim's Pride Corporation (PPC) , Brinker International, Inc. (EAT) , and The Greenbrier Companies, Inc. (GBX) have been selected as the momentum picks for the day using the Driehaus strategy.A Detailed Look Into the Driehaus StrategyRegarding the strategy, Driehaus once said, “I would much rather invest in a stock that’s in ...

Core Points - Pilgrim's Pride Corporation will hold an Investor Day on March 14 at the Nasdaq MarketSite in New York to discuss its strategy and capital allocation [1][2] - The event will be led by CEO Fabio Sandri and will include a Q&A session with senior management [2] - Interested investors must RSVP by February 28 due to space limitations [3] Company Overview - Pilgrim's Pride employs over 61,000 people and operates in 14 states, Puerto Rico, Mexico, the U.K., the Republic of Ireland, and continental Europe [4] - The company primarily distributes its products through retailers and foodservice distributors [4]

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Pilgrim's Pride (PPC) closed the latest trading day at $46.54, indicating a -1.61% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 0.28%.Prior to today's trading, shares of the poultry producer had gained 0.15% over the past month. This has lagged the Consumer Staples sector's gain of 1.47% and the S&P 500's gain of 2.87% in that time.Market participants will be c ...

In the latest trading session, Pilgrim's Pride (PPC) closed at $46.29, marking a +1.58% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.46%. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq decreased by 3.07%.The the stock of poultry producer has fallen by 0.76% in the past month, leading the Consumer Staples sector's loss of 1.99% and undershooting the S&P 500's gain of 1.08%.The investment community will be closely moni ...