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Pilgrim's(PPC) - 2025 Q1 - Earnings Call Presentation
2025-05-01 12:17
Financial Performance - Net Revenue increased to $4463 million in Q1 2025 from $43619 million in Q1 2024[4], a 23% increase - Gross Profit increased significantly from $3839 million in Q1 2024 to $5549 million in Q1 2025[4] - Operating Income rose to $4045 million in Q1 2025, compared to $2503 million in Q1 2024[4] - Net Income increased from $1749 million in Q1 2024 to $2963 million in Q1 2025[4] - Adjusted EBITDA increased year-over-year, reaching $5332 million compared to $3718 million[4] - Adjusted EBITDA Margin improved to 120% in Q1 2025 from 85% in Q1 2024[4] Segment Performance - U S operations reported Net Revenue of $27432 million and Adjusted Operating Income of $3261 million, with an Adjusted Operating Income Margin of 119%[5] - Europe operations recorded Net Revenue of $12315 million and Adjusted Operating Income of $657 million, with an Adjusted Operating Income Margin of 53%[5] - Mexico operations showed Net Revenue of $4883 million and Adjusted Operating Income of $366 million, resulting in an Adjusted Operating Income Margin of 75%[5] Production and Inventory - Pullet placements increased by 07% year-over-year in Q1 2025[7] - Total chicken inventories decreased by 12% year-over-year, and were 49% below the 5-year average[24]