Is Pilgrim's Pride (PPC) Stock Outpacing Its Consumer Staples Peers This Year?

Group 1 - Pilgrim's Pride (PPC) has shown strong year-to-date performance, returning about 17% since the start of the calendar year, significantly outperforming the Consumer Staples sector, which has returned an average of -2.3% [4] - The Zacks Rank for Pilgrim's Pride is 1 (Strong Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] - Over the past 90 days, the Zacks Consensus Estimate for PPC's full-year earnings has increased by 14.3%, reflecting improved analyst sentiment [4] Group 2 - Pilgrim's Pride belongs to the Food - Meat Products industry, which is currently ranked 11 in the Zacks Industry Rank, while this industry has lost an average of 9.8% so far this year, indicating PPC's relative strength [6] - In comparison, Sony (SONY), another outperforming stock in the Consumer Staples sector, has returned 16.8% year-to-date and has a Zacks Rank of 1 (Strong Buy) [5] - The Consumer Products - Staples industry, where Sony operates, is ranked 90 and has declined by 24.8% since the beginning of the year, highlighting the challenges faced by this segment [6]