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AI brief of an SEC Form 8-K · Pilgrim's Pride (PPC)

Pilgrim's Pride third-quarter net sales $4.6 billion, GAAP EPS $1.47 vs $0.51 a year earlier

Positive Impact 3 of 5 earnings Written later

Pilgrim's Pride reported third quarter 2024 results on October 30, 2024, with net sales of $4.6 billion, up 5.2% from a year earlier, and GAAP diluted EPS of $1.47 versus $0.51. Operating income rose to $508.4 million from $206.4 million, and the company reported no change to its outlook in this filing. Profit growth is the main point for shareholders, though the filing's figures are for one quarter and it does not include forward guidance.

Key points

  • Net sales were $4,585.0 million, up 5.2% from $4,360.2 million in the third quarter of 2023
  • GAAP net income was $350.0 million, and diluted EPS was $1.47 versus $0.51 a year earlier
  • Adjusted EBITDA was $660.4 million, a 14.4% margin, compared with $324.0 million and 7.4% a year earlier
  • Results include a $10.7 million pension plan termination loss and an $8.1 million hurricane-related inventory write-down; a conference call is set for October 31 at 7 a.m. MT

The filing

CompanyPilgrim's Pride (PPC)
Form8-K, current report
Filed with the SECOct 30, 2024, 6:19 PM ET
Accession number0000802481-24-000089

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 October 30, 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.