Pilgrim's Pride (PPC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Pilgrim's Pride's (PPC) third-quarter 2022 results reflect increased earnings and sales on growth across Europe and the U.S. operations.
GREELEY, Colo., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2022 financial results. Third Quarter Highlights Net Sales of $4.47 billion, up 16.8% from prior year.Consolidated GAAP operating income margin of 7.6% with GAAP operating income margins of 11.9% in U.S., (3.2)% in Mexico and 1.2% in Europe.GAAP Net Income of $259.0 million and GAAP EPS of $1.08. Adjusted Net Income of $260.7 million