NASDAQ$PPC

Pilgrim's Pride · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Pilgrim's Pride reported increased net sales and operating income, driven by strong performance in Mexico and recovering demand in the U.S., despite challenges in Europe.

Pilgrim's Pride reported Q1 net sales of $3.27 billion, a 6.5% increase year-over-year, with a GAAP EPS of $0.41. The company's operating income reached $158.5 million, reflecting improved performance across its U.S. and Mexico operations, while Europe faced headwinds from higher feed costs and COVID-19 related impacts.

  • Net sales reached $3.27 billion.
  • GAAP net income was $100.2 million, with an adjusted EPS of $0.42.
  • The consolidated operating income margin was 4.8%, with significant variations across regions: 3.4% in the U.S., 19.0% in Mexico, and 1.2% in Europe.
  • Adjusted EBITDA was $253.8 million, representing a 7.8% margin, a 53.4% increase compared to the previous year.

Headline financials

Total Revenue

$3.27B

Previous: $3.07B+6.5%
EPS (adj)

$0.41

Previous: $0.18+127.8%
Adjusted EBITDA

$254M

Previous: $166M+53.4%
Adjusted EBITDA Margin

7.8%

Previous: 5.4%+44.4%
Capital Expenditures

-$102M

Previous: -$77.2M-32.4%
Free Cash Flow

-$1.96M

Previous: -$9.9M+80.2%
Net Income

$100M

Previous: $67.3M+49.0%
Operating Income

$158M

Previous: $84.4M+87.8%
Gross Profit

$261M

Previous: $177M+47.5%
Cash & Equivalents

$367M

Previous: $511M-28.2%
Total Assets

$7.48B

Previous: $7.25B+3.2%
Stock-Based Comp

$2.04M

Previous: $676K+202.1%

Revenue & EPS history

Pilgrim's Pride · Revenue · Quarterly

$3.27B

Q1 2021+6.5%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
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 2021

Historical avgQ1 2021

+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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