NASDAQ$PPC

Pilgrim's Pride · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Pilgrim's Pride reported strong growth in sales and adjusted EBITDA.

Pilgrim's Pride Corporation reported a 24% increase in net sales to $3.83 billion and an adjusted EBITDA of $346.9 million, a 9.1% margin, up 13.7% from the previous year.

  • Net Sales increased by 24% year-over-year to $3.83 billion.
  • Consolidated GAAP Operating Income margin was 3.2%, with notable performance in Mexico (11.5%).
  • Adjusted EBITDA reached $346.9 million, representing a 9.1% margin, exceeding the prior year by 13.7%.
  • The acquisition of Kerry Consumer Foods’ Meats and Meals business was completed, adding value-added protein and integrated prepared foods to the portfolio under the name Pilgrim’s Food Masters.

Headline financials

Total Revenue

$3.83B

Previous: $3.08B+24.5%
EPS (adj)

$0.67

Previous: $0.66+1.5%
Adjusted EBITDA

$347M

Previous: $305M+13.7%
Adjusted EBITDA Margin

9.1%

Previous: 9.9%-8.1%
Capital Expenditures

-$281M

Previous: -$243M-15.8%
Free Cash Flow

-$220M

Previous: -$209M-5.2%
Net Income

$60.7M

Previous: $33.4M+81.6%
Operating Income

$121M

Previous: $94.3M+28.1%
Gross Profit

$372M

Previous: $314M+18.5%
Cash & Equivalents

$511M

Previous: $768M-33.5%
Total Assets

$8.83B

Previous: $7.47B+18.3%
Stock-Based Comp

$3.25M

Previous: -$4.76M+168.3%

Revenue & EPS history

Pilgrim's Pride · Revenue · Quarterly

$3.83B

Q3 2021+24.5%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company is committed to being the best and most respected company in the industry and will continue to perform to the best of its ability to serve Key Customers.

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 Q3 2021

Historical avgQ3 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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