Pilgrim’s Pride posts lower Q1 profit and higher revenue

7 articles · Updated · The Wall Street Journal · Apr 29

First-quarter profit fell to $101.4 million, or 43 cents per share, while net sales rose to $4.53 billion.
Adjusted earnings of 51 cents per share missed analyst expectations, despite resilient chicken demand and steady European performance. U.S. margins were pressured by lower deli bird values, winter storms, and planned plant downtime.
The Russellville, Alabama plant is being converted to support a key customer. European diversification helped offset falling consumer confidence, with value-focused offerings supporting retail and food service demand.

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