Stock Track | Pilgrims Pride Soars on Robust Q3 Earnings Beat and Sales Growth

Stock Track

Oct 31, 2024

Shares of Pilgrims Pride Corporation (PPC) surged 5.14% on Wednesday after the food processing company reported impressive third-quarter 2024 results, with earnings and revenue exceeding analysts' expectations.

The chicken and pork producer reported adjusted earnings of $1.63 per share for the quarter ended September 30, surpassing the consensus estimate of $1.38 per share. The robust performance marked a significant increase from the same period last year when Pilgrims Pride posted adjusted EPS of $0.58.

Pilgrims Pride's net sales rose 5.2% year-over-year to $4.58 billion, driven by strong demand for chicken across retail and food service sectors in the U.S. While the top line slightly missed analysts' expectations of $4.66 billion, the company's focus on operational excellence, portfolio diversification, and strategic partnerships with key customers helped bolster its performance.

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The robust performance marked a significant increase from the same period last year when Pilgrims Pride posted adjusted EPS of $0.58.</p>\n\n<p>Pilgrims Pride's net sales rose 5.2% year-over-year to $4.58 billion, driven by strong demand for chicken across retail and food service sectors in the U.S. While the top line slightly missed analysts' expectations of $4.66 billion, the company's focus on operational excellence, portfolio diversification, and strategic partnerships with key customers helped bolster its performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PPC","symbol_name":"Pilgrim’s Pride Corporation","start_time":0,"source_url":"","article_id":"1162731378","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162731378","pubTimestamp":1730384094,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Pilgrims Pride Corporation  surged 5.14% on Wednesday after the food processing company reported impressive third-quarter 2024 results, with earnings and revenue exceeding analysts' expectations.The chicken and pork producer reported adjusted earnings of $1.63 per share for the quarter ended September 30, surpassing the consensus estimate of $1.38 per share. 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