NASDAQ$PPC
Pilgrim's Pride · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Pilgrim's Pride's Q3 2023 performance was marked by $4.4 billion in net sales and an operating income of $206.4 million.
Pilgrim's Pride reported third quarter 2023 results with $4.4 billion in net sales and operating income of $206.4 million. The company's global and diversified portfolio drove improved margins across all regions.
- Net Sales reached $4.4 billion.
- GAAP Net Income was $121.6 million and GAAP EPS was $0.51; Adjusted Net Income was $136.7 million with Adjusted EPS at $0.58.
- Consolidated GAAP operating income margin stood at 4.7%.
- Adjusted EBITDA was $324.0 million, with a 7.4% margin, featuring adjusted EBITDA margins of 7.0% in the U.S., 6.1% in the U.K. & Europe, and 12.4% in Mexico.
Headline financials
Revenue & EPS history
Pilgrim's Pride · Revenue · Quarterly
$4.36B
Forward guidance
Pilgrim's is progressing with growth projects to support Key Customers and diversify its portfolio, including the commencement of start-up for the Athens, Georgia expansion and continued construction of a new protein conversion plant in South Georgia.
Tailwinds
- Operational excellence programs are driving improved margins across all regions.
- Key Customer partnerships continue to strengthen the business.
- Diversification through branded and differentiated offerings is proving beneficial.
- The U.S. Fresh business is showing sustained operational improvement and enhanced market fundamentals.
- The U.K. and Europe business continues on its profitability growth trajectory through manufacturing network optimization.
Headwinds
- The company faces uneven market conditions.
- Consumer inflation persists.
- The commodity business remains under volatile market conditions.
- There are challenges in live operations that require continuous improvement.
- Potential supply risks exist.
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 2023
+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
| Quarter | Report date | Reaction (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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