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Pilgrims Pride Corporation - PPC STOCK NEWS

Welcome to our dedicated page for Pilgrims Pride Corporation news (Ticker: PPC), a resource for investors and traders seeking the latest updates and insights on Pilgrims Pride Corporation stock.

Pilgrim's Pride Corporation (NASDAQ: PPC) is one of the world's largest poultry producers, based in Tuscumbia, Alabama. The company operates numerous protein processing plants and prepared-foods facilities across 14 states in the U.S., as well as Puerto Rico, Mexico, the U.K., the Republic of Ireland, and continental Europe.

As the second-largest poultry producer in the U.S., the U.K., and Mexico, Pilgrim's Pride commands a significant market share. In 2023, U.S. operations accounted for 58% of sales, the U.K. and other European markets contributed 30%, and Mexico comprised 12%. The company's acquisition of Tulip in 2019 expanded its footprint to include pork operations in the U.K. and Europe.

Pilgrim's Pride's product portfolio includes fresh chicken, prepared chicken, and pork products, catering to chain restaurants, food processors, food distributors, and retail chains. In the U.S. and Mexico, fresh chicken dominates sales, while the U.K. and Europe see a higher sale of prepared chicken and pork products.

JBS owns over 80% of Pilgrim's Pride shares, although an attempt to acquire the remaining stake was deemed undervaluing by a special board committee in 2021.

Latest financial results indicate continued growth and operational excellence despite challenging market conditions. Under the leadership of CEO Fabio Sandri, the company has focused on portfolio diversification, key customer relationships, and operational efficiency. This has resulted in improved profitability across all regions, even amid volatile market conditions and consumer inflation. Significant investments are being made in automation, facility expansion, and sustainability efforts to reduce the company's GHG emissions footprint.

For more information, visit www.pilgrims.com.

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Pilgrim's Pride announces early tender results and receipt of consents for its Tender Offer and Consent Solicitation
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Pilgrim’s Pride Corporation to release Q3 2023 financial results on October 25
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Pilgrim's Pride Corporation announces pricing of $500M senior notes offering at 6.875% interest rate.
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Pilgrim's Pride Corporation has commenced a cash tender offer for its 5.875% Senior Notes due 2027. The Tender Offer includes proposed amendments to eliminate restrictive covenants and reduce the minimum required notice period for the redemption of Notes. The Total Consideration for each $1,000 principal amount of Notes is $1,016.19, including an Early Tender Payment of $30.00. The Tender Offer expires on October 26, 2023.
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Pilgrim’s releases 2022 Sustainability Report showcasing achievements in reducing GHG emissions and improving safety index.
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Pilgrim’s Pride Corporation (NASDAQ: PPC) Reports Q2 2023 Financial Results with Net Sales of $4.3 billion and GAAP Net Income of $60.9 million. The company's diversified business across regions and bird sizes, operational excellence, and branded offerings drove improved financial performance despite challenging market conditions.
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Pilgrim's Pride Corporation (NASDAQ: PPC) reported its first quarter 2023 financial results, showing net sales of $4.2 billion. The company posted a GAAP net income of $5.6 million, translating to a GAAP EPS of $0.02, considerably lower than $1.15 per share from the previous year. Adjusted net income was $19.0 million, or $0.08 per share. Consolidated GAAP operating income margin stood at 0.8%, with Adjusted EBITDA at $151.9 million (3.6% margin). The U.S. operations improved despite elevated grain costs and inflation. The company's Prepared Foods segment, including brands Just Bare® and Pilgrim’s®, grew over 68% year over year. A successful $1 billion bond offering was executed, significantly oversubscribed. Business conditions remained challenging, though improvements in various markets were noted.

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Pilgrim's Pride Corporation (NASDAQ: PPC) will announce its first quarter 2023 financial results on April 26, 2023, after U.S. market closure. A conference call and webcast for analysis of these results will follow on April 27, 2023, at 7:00 a.m. MT (9:00 a.m. ET). Investors can pre-register for the webcast via the company’s investor website to bypass live operator access. For those who haven't registered, they can join the call using provided phone numbers on the event day. The replay of the webcast will be available on the website two hours post-call and can be accessed until July 26, 2023, with a telephone replay available until May 27, 2023.

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Pilgrim's Pride Corporation (NASDAQ: PPC) announced the pricing of its offering of $1.0 billion in senior unsecured notes due 2033, with a 6.250% interest rate. This offering is made under PPC's shelf registration statement and will be guaranteed by its domestic subsidiaries. The proceeds will primarily be used to repay outstanding term loans under its U.S. credit facility, with remaining funds allocated for general corporate purposes. Leading investment banks, including Barclays, BofA Securities, and others, are serving as joint-bookrunning managers for the offering.

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FAQ

What is the current stock price of Pilgrims Pride Corporation (PPC)?

The current stock price of Pilgrims Pride Corporation (PPC) is $53.825 as of November 8, 2024.

What is the market cap of Pilgrims Pride Corporation (PPC)?

The market cap of Pilgrims Pride Corporation (PPC) is approximately 12.7B.

What does Pilgrim's Pride Corporation do?

Pilgrim's Pride Corporation is one of the world's largest poultry producers, providing fresh and prepared chicken and pork products to retailers, foodservice distributors, and chain restaurants.

Where is Pilgrim's Pride Corporation headquartered?

Pilgrim's Pride Corporation is headquartered in Tuscumbia, Alabama, United States.

Who owns the major shares of Pilgrim's Pride Corporation?

JBS owns more than 80% of Pilgrim's Pride Corporation's outstanding shares.

What are the main markets for Pilgrim's Pride?

The main markets for Pilgrim's Pride include the U.S., the U.K., other European countries, and Mexico.

What products does Pilgrim's Pride offer?

Pilgrim's Pride offers fresh chicken, prepared chicken, and pork products.

How has Pilgrim's Pride performed financially recently?

Pilgrim's Pride has shown consistent growth and improved profitability despite volatile market conditions and consumer inflation, driven by operational excellence and portfolio diversification.

What sustainability efforts is Pilgrim's Pride undertaking?

Pilgrim's Pride is focused on reducing its GHG emissions footprint through renewable energy usage, capital improvements, and plant management processes.

What are the future plans for Pilgrim's Pride Corporation?

Pilgrim's Pride plans to continue investing in automation, expand facilities, and improve operational efficiency to drive profitable growth and sustainability.

How does Pilgrim's Pride engage with its key customers?

Pilgrim's Pride focuses on strengthening key customer partnerships through quality service, promotional activities, and diversified product offerings.

Where can I find more information about Pilgrim's Pride Corporation?

For more information, visit Pilgrim's Pride Corporation's official website at www.pilgrims.com.

Pilgrims Pride Corporation

Nasdaq:PPC

PPC Rankings

PPC Stock Data

12.71B
237.12M
82.57%
16.13%
2.65%
Packaged Foods
Poultry Slaughtering and Processing
Link
United States of America
GREELEY