Pilgrim's Pride Q1 EPS $0.73 vs $0.02; net sales up 4.7% to $4.4 billion
Pilgrim's Pride reported first quarter 2024 results with net sales of $4.4 billion, up 4.7% from the prior year, and GAAP diluted EPS of $0.73 versus $0.02 a year earlier. Operating income rose to $250.3 million from $31.3 million, and the company said its net leverage ratio was less than 2.0x Adjusted EBITDA. The filing contains no forward guidance.
Key points
- Net sales of $4.4 billion ($4,361.9 million), up 4.7% from $4,165.6 million in the first quarter of 2023
- GAAP net income of $174.9 million and diluted EPS of $0.73, compared with $5.6 million net income and $0.02 EPS a year earlier
- Adjusted EBITDA of $371.9 million, an 8.5% margin, compared with $151.9 million and a 3.6% margin in the prior-year quarter
- Conference call scheduled for May 2, 2024 at 7 a.m. MT (9 a.m. ET)
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.