Pilgrim’s Pride Reports Fourth Quarter and Year-End 2022 Results
Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2022 financial results.
2022 Highlights
- Net Sales of $17.5 billion, up 18.2% from prior year.- Consolidated GAAP Operating Income margin of 6.7% with GAAP operating income margins of 10.2% in U.S., 4.5% in Mexico, and break-even in Europe.- Adjusted EBITDA of $1.6 billion, or an 9.4% margin, 27.9% higher than prior year.- Sales and Adjusted EBITDA growth despite historically high market volatility and significant inflationary headwinds throughout...
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