August 20, 2014 3:15 AM ET

Food Products

Company Overview of Pilgrim's Pride Corporation

Company Overview

Pilgrim's Pride Corporation is engaged in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. It offers fresh chicken products comprising refrigerated (nonfrozen) whole or cut-up chicken; and pre-marinated or non-marinated, and prepackaged chicken in various combinations of refrigerated whole chickens and chicken parts. The company also provides prepared chicken products, such as portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. In addition, it ...

1770 Promontory Circle

Greeley, CO 80634-9038

United States

Founded in 1946

35,500 Employees

Phone:

970-506-8000

Key Executives for Pilgrim's Pride Corporation

Chief Executive Officer
Age: 54
Total Annual Compensation: $1.0M
Chief Financial Officer and Principal Accounting Officer
Age: 42
Total Annual Compensation: $377.9K
Compensation as of Fiscal Year 2013.

Pilgrim's Pride Corporation Key Developments

Pilgrim's Pride Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Twenty Six Weeks Ended June 30, 2014

Pilgrim's Pride Corporation reported unaudited consolidated earnings results for the second quarter and twenty six weeks ended June 30, 2014. For the quarter, the company reported net sales of $2,186,816,000 compared to $2,184,119,000 reported in the second quarter of 2013. Net income attributable to the company was $190,360,000 against $190,705,000 a year ago. Earnings per basic and diluted share were $0.73 compared to $0.74 in the second quarter of 2013. Operating income was $300,430,000 against $237,929,000 a year ago. Income before income taxes was $289,672,000 against $206,675,000 a year ago. EBITDA was $338,597,000 against $264,564,000 a year ago. Adjusted EBITDA was $338,950,000 against $264,958,000 a year ago. Capex spending for the quarter was $43.1 million, spent primarily on safety, quality and on increasing the operational efficiency, reducing costs in U.S. and expanding capacity in Mexico through the greenfield project endeavors, which will enable to be more flexible with sales mix and increase the product offerings. For the twenty six weeks, the company reported net sales of $4,204,881,000 compared to $4,221,048,000 a year ago. Net income attributable to the company was $288,477,000 against $245,287,000 a year ago. Earnings per basic and diluted share were $1.11 compared to $0.95 a year ago. Operating income was $468,622,000 against $311,887,000 a year ago. Income before income taxes was $439,871,000 against $263,657,000 a year ago. Cash provided by operating activities was $416,191,000 against $310,927,000 a year ago. Acquisitions of property, plant and equipment was $90,814,000 against $48,969,000 a year ago. EBITDA was $542,132,000 against $381,425,000 a year ago. Adjusted EBITDA was $544,128,000 against $382,657,000 a year ago. Net debt as at June 30, 2014 was $25,116,000.

Pilgrim's Pride Corporation Presents at 1st Annual BB&T Capital Markets Fresh Ideas in Food Conference, Aug-12-2014

Pilgrim's Pride Corporation Presents at 1st Annual BB&T Capital Markets Fresh Ideas in Food Conference, Aug-12-2014 . Venue: The New York Palace, 455 Madison Avenue, New York, New York, United States.

Pilgrim's Pride Corporation, Q2 2014 Earnings Call, Jul 31, 2014

Pilgrim's Pride Corporation, Q2 2014 Earnings Call, Jul 31, 2014

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