Greeley-based poultry producer Pilgrim’s Pride Corp. (Nasdaq: PPC) reported net sales of $4.76 billion in the third quarter ended Sept. 30, up 3.8% from $4.58 billion in the same period a year ago.
Net income totaled $343 million, down almost 2% from about $350 million a year ago.
Revenue beat analysts’ expectations of $4.7 billion, while earnings per share of $1.44 slightly missed expectations of $1.46. Adjusted earnings per share was $1.52.
“Throughout the quarter, chicken demand remained robust across retail and foodservice given its strong value proposition compared to other proteins,” Fabio Sandri, Pilgrim’s president and CEO, said in a press release. “We continue to strengthen our relationships with Key Customers across all regions and invest accordingly to drive sales growth, enhance margins, and reduce volatility.”
Despite volatility in commodity markets in September, the U.S. business maintained strong results, comparable to last year, the company reported, with Pilgrim’s Pride investing $500 million in U.S. expansion.
Additionally, the company continues to invest in Europe and Mexico.
“Our profitability journey in Europe has entered a new phase,” Sandri said. “As such, we are investing in Key Customer partnerships across our multi-protein platform, driving promotional activity, and developing new offerings to create additional consumer demand. When combined, these efforts can accelerate our efforts to scale our profitable growth.”
In Mexico, branded offerings across both Fresh and Prepared Foods continue to grow, the company said, with expansion efforts to build capacity remaining on schedule.
“Our expansion efforts in Mexico continue to proceed as planned, which will ultimately strengthen our partnerships with Key Customers and further diversify our portfolio through Prepared Foods,” Sandri said
Pilgrim’s Pride stock closed Thursday at $38.08, down 4 cents.
This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2025 BizWest Media LLC.
Hence then, the article about pilgrim s pride reports higher third quarter sales was published today ( ) and is available on GreeleyTribune ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Pilgrim’s Pride reports higher third-quarter sales )
Also on site :