Chicken giant sees success with promotions and increased meat prices
- Pilgrim’s Pride swings to a profit in the fourth quarter
- Chicken sales rise due to new promotions and higher prices for other meats
- Profit of $134.7 million, compared to a loss of $155 million in the same quarter last year
- Adjusted earnings of 59 cents a share, beating analyst expectations
- Quarterly revenue of $4.53 billion, surpassing analyst forecasts
Pilgrim’s Pride, the chicken giant, has reported a profit of $134.7 million in the fourth quarter, a significant turnaround from the loss of $155 million in the same quarter last year. The company’s success can be attributed to new promotions and higher prices for other meats, which have driven up chicken sales. Adjusted earnings were 59 cents a share, surpassing analyst expectations of 43 cents a share. Quarterly revenue also exceeded forecasts, reaching $4.53 billion. Pilgrim’s Pride worked closely with retail and food service customers to increase traffic through promotions and a wider range of chicken offerings. The company’s U.S. portfolio also benefited from improved distribution and higher retail pricing spreads on other proteins.
Factuality Level: 9
Factuality Justification: The article provides specific details about Pilgrim’s Pride’s financial performance in the fourth quarter, including profit, earnings per share, revenue, and analyst expectations. The information is clear, relevant, and supported by data, without any obvious bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides relevant information about Pilgrim’s Pride’s financial performance in the fourth quarter, including profit, revenue, and factors contributing to the positive results. It includes data on earnings, revenue, and analyst expectations, supporting its claims with evidence. The article stays on topic and does not dive into unrelated territories. However, it lacks in-depth analysis of long-term trends or consequences of decisions, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: Pilgrim’s Pride
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Pilgrim’s Pride, a chicken company. It discusses their swing to a profit in the fourth quarter due to new promotions and higher prices for other meats pushing chicken sales higher. There is no mention of any extreme events or their impact.
Public Companies: Pilgrim’s Pride (PPC)
Key People: Fabio Sandri (Chief Executive)
Reported publicly:
www.marketwatch.com 
