Pilgrims Pride Corp
PPC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$81.00 | Xtnv | Wyqsthqy |
Pilgrim’s Pride Earnings: Already Pricing Recovery, Shares Fall After Hours Despite Profit Growth
No-moat Pilgrim’s Pride delivered strong first-quarter results amid favorable chicken market conditions. Net sales were nearly $4.4 billion, almost 5% higher than a year ago. Profitability was even better, with adjusted EBITDA of $372 million, nearly 1.5 times that of the year-ago quarter. This resulted in a 490-basis-point adjusted EBITDA margin expansion to 8.5%, buoyed by lower feed costs.