Pilgrim's Pride Third-Quarter Sales Rise on Demand for Chicken

Core Insights - Pilgrim's Pride reported a decrease in profit despite an increase in sales, indicating a shift in consumer preference towards chicken as a more affordable protein option compared to other sources [1] Company Summary - The latest quarter showed that Pilgrim's Pride experienced higher sales figures, yet the profit margins were lower [1] - The consumer trend of favoring chicken over pricier protein alternatives has been a significant factor influencing the company's financial performance [1] Industry Summary - The poultry industry is witnessing a shift in consumer behavior, with chicken being preferred due to its cost-effectiveness [1] - This trend may impact pricing strategies and profit margins across the protein sector as consumers seek more affordable options [1]