Pilgrim’s Pride Reports Third Quarter 2023 Results with $4.4 Billion in Net Sales and Operating Income of $206.4 Million
Retrieved on:
Wednesday, October 25, 2023
In the U.S., margins grew from the second quarter given further momentum in our operational excellence efforts and enhanced fundamentals in Big Bird.
Key Points:
- In the U.S., margins grew from the second quarter given further momentum in our operational excellence efforts and enhanced fundamentals in Big Bird.
- Margins were further aided by growth in promotional activity and increased distribution in Case Ready, along with strong performance in Small Bird.
- Prepared Foods generated growth in branded offerings as Just Bare® and Pilgrim’s® net sales collectively grew 65% compared to prior year.
- “The U.S. Big Bird commodity business continued to drive sequential profitability improvements under volatile market conditions.