Pilgrim's(PPC) - 2023 Q2 - Earnings Call Presentation

Pilgrim's Pride Corporation (NASDAQ: PPC) ▪ Q2 2023 Adjusted EBITDA* YoY decrease driven by substantially lower US commodity market pricing; however, continued QoQ improvements in Adjusted EBITDA* due to benefits of our portfolio balance, Key Customer strategy, and geographic diversification. ▪ U.S.: Substantial year-over-year (YoY) decline in commodity market pricing impacted Big Bird business; however, significant quarter-over-quarter (QoQ) operating income improvement for the overall US business; UK/Euro ...