Pilgrim's Pride is a leading player in the food industry, primarily specializing in the production and processing of chicken. The company operates multiple facilities across the United States and Mexico, focusing on delivering high-quality poultry products to retail and food service customers. Pilgrim’s Pride engages in a range of activities, from breeding and hatching to processing and distribution, providing a variety of fresh and frozen chicken items, including whole chicken, cut-up parts, and value-added products. Committed to sustainability and animal welfare, the company aims to meet the growing demand for protein while adhering to stringent quality and safety standards.
Chicken producer Pilgrim’s Pride (NASDAQ:PPC) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 5.2% year on year to $4.58 billion. Its non-GAAP profit of $1.63 per share was 18.1% above analysts’ consensus estimates.
September is living up to its connotation of being the most volatile month for the stock market but Dole (DOLE) and Pilgrim’s Pride (PPC) are two consumer food stocks that may be able to offer defensive safety in the portfolio.
Tyson Foods announced its agreement to sell its Vienna, Georgia poultry complex to House of Raeford Farms. This sale is part of Tyson's strategy to optimize its plant network.
Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and food service operators.
