Pilgrim's Pride Third-Quarter Sales Rise on Demand for Chicken
Pilgrim's Pride logged a lower profit despite higher sales in its latest quarter as consumers continued to choose chicken over more expensive sources of protein.The chicken and pork producer posted a profit of $342.8 million, or $1.44 a share, compared with $349.9 million, or $1.47 a share, a year earlier.Adjusted earnings per share were $1.52, ahead of estimates of $1.40 a share according to analysts polled by FactSet.Revenue rose 3.8% to $4.76 billion. Analysts expected $4.70 billion...
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