Pilgrim’s Pride Q4 Sales Up 3.3% While EPS Misses Estimates
Pilgrim's Pride's fourth-quarter revenue rose 3.3% year-over-year, driven by growth in its European operations and Prepared Foods segment. However, adjusted earnings per share declined from the prior year and fell below analyst estimates.
1. Q4 Financial Results
Pilgrim’s Pride reported fourth-quarter revenue of $3.9 billion, up 3.3% year-over-year, but adjusted earnings per share declined year-over-year to $0.36, missing the consensus estimate by $0.04.
2. Segment Performance
Revenue growth stemmed from a 5.1% increase in European operations and a 4.2% gain in the Prepared Foods unit, partially offsetting softer domestic commodity chicken volumes and margin pressure from higher input costs.
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