Pilgrim's Pride (PPC) Tops Q4 EPS by 2c
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Pilgrim’s Pride Reports Fourth Quarter and Year-End 2021 Results with Solid Growth in Sales and Adjusted EBITDA
February 9, 2022 4:45 PM ESTGREELEY, Colo., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Pilgrims Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2021 financial results.
2021 Highlights
Net Sales of $14.8 billion, up 22% from prior year.Consolidated GAAP Operating Income margin of 1.4% with Adjusted U.S. Operating Income margin of 7.1%.GAAP Net Income of $31.0 million. Adjusted Net Income of $557.4 million, or adjusted EPS of $2.28.Adjusted EBITDA of $1.3 billion, or an 8.7% margin, 64% higher than prior year.Our strategy and our... More