NASDAQ$PPC

Pilgrim's Pride · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Pilgrim's Pride experienced a challenging quarter due to volatile markets and the impact of Covid-19, but achieved solid results relative to industry competition.

Pilgrim's Pride reported Q1 net sales of $3.07 billion, operating income of $84 million, and GAAP EPS of $0.27. The company faced volatile and challenging markets due to Covid-19, but its strategy achieved solid results relative to industry competition. Operating results in Europe improved significantly but were offset by difficult market dynamics in the U.S. and Mexico.

  • Net Sales reached $3.07 billion.
  • Net GAAP Income was $67.3 million, including a one-time $0.09 per share gain on case settlement.
  • Adjusted EBITDA amounted to $165.5 million, with a 5.4% margin.
  • The company maintained a strong liquidity position through emphasis on cash flow generation and working capital management.

Headline financials

Total Revenue

$3.07B

Previous: $2.72B+12.9%
EPS (adj)

$0.18

Previous: $0.35-48.6%
Adjusted EBITDA

$166M

Previous: $204M-19.0%
Adjusted EBITDA Margin

5.4%

Previous: 7.5%-28.0%
Capital Expenditures

-$77.2M

Previous: -$87.9M+12.3%
Free Cash Flow

-$9.9M

Previous: -$3.93M-151.9%
Net Income

$67.3M

Previous: $84M-19.9%
Operating Income

$84.4M

Previous: $137M-38.4%
Gross Profit

$177M

Previous: $219M-19.1%
Cash & Equivalents

$511M

Previous: $379M+35.0%
Total Assets

$7.25B

Previous: $6.37B+13.8%
Stock-Based Comp

$676K

Previous: $1.88M-64.1%

Revenue & EPS history

Pilgrim's Pride · Revenue · Quarterly

$3.07B

Q1 2020+12.9%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.0%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.8%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+23.2%

Q3 2012

Best reaction

-14.3%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%+0.5%-9.1%
Q4 2025-3.6%+0.7%-16.1%
Q3 2025-0.1%-2.3%-0.2%
Q1 2025-14.3%-14.5%-9.9%
Q4 2024+3.4%+3.6%-1.4%
Q3 2024+0.7%+6.6%+7.3%
Q2 2024+1.8%+4.5%+12.3%
Q1 2024-0.2%+1.7%-0.2%
Q4 2023+11.6%+11.2%+19.8%
Q3 2023+4.1%+8.2%+11.4%
Q2 2023+1.8%+2.5%+3.2%
Q1 2023+1.1%+2.2%+3.8%
Q4 2022+6.8%+4.0%+0.7%
Q3 2022+3.6%+2.7%+16.2%
Q2 2022-1.3%-6.7%-11.3%
Q1 2022+10.6%+10.5%+26.9%
Q4 2021-3.0%-2.6%-20.3%
Q3 2021-2.6%-1.5%-2.4%
Q2 2021+1.3%-0.3%+26.7%
Q1 2021-1.1%-1.7%-1.8%
Q4 2020-5.5%-5.0%+10.7%
Q3 2020+0.4%+6.8%+19.9%
Q2 2020-4.9%-5.9%+1.7%
Q1 2020+3.2%-5.4%-3.0%
Q4 2019-4.8%-10.6%-30.7%
Q3 2019+3.2%+4.2%+7.1%
Q2 2019+7.3%+5.2%+14.1%
Q1 2019+1.8%+6.8%-5.0%
Q4 2018-6.1%-3.2%+0.9%
Q3 2018+5.6%+7.2%+10.5%
Q2 2018-1.6%+1.2%+3.8%
Q1 2018+2.4%-2.2%-4.5%
Q4 2017+5.4%+3.1%-0.6%
Q3 2017+8.6%+13.1%+22.1%
Q2 2017+4.5%+7.6%+22.1%
Q1 2017-1.9%-2.1%-8.9%
Q4 2016+10.3%+9.9%+15.2%
Q3 2016+0.7%+4.4%-13.1%
Q2 2016-5.7%-7.7%-9.3%
Q1 2016+11.9%
Q4 2015-5.0%
Q3 2015-3.9%
Q2 2015+7.6%
Q1 2015+1.8%
Q4 2014+3.4%
Q3 2014+0.2%
Q2 2014-8.6%
Q1 2014+2.6%
Q4 2013-0.2%
Q3 2013-1.5%
Q2 2013+9.0%
Q1 2013+6.0%
Q4 2012-7.2%
Q3 2012+23.2%
Q4 2011-2.8%
Q2 2012-2.8%
Q1 2011+2.0%
Q1 2012+2.0%
Q4 2009+3.1%
Q1 2010+3.1%
Q3 2011-3.8%
Q3 2010-3.8%
Q4 2010-6.9%
Q2 2010-6.9%
Q2 2011-6.9%

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