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PPC Stock Rallies 38% in 6 Months: What Should Investors Do Next?
ZACKS· 2024-11-26 21:18
Pilgrim's Pride Corporation (PPC) has delivered strong stock market performance, with shares soaring 38.1% over the past six months. This impressive gain significantly outpaces the 4.9% growth of the Zacks Food - Meat Products industry, the 1.1% increase in the Consumer Staples sector and the S&P 500’s rise of 12.1% during the same period.The company’s recent success is attributed to its operational excellence, strategic portfolio diversification and the development of key partnerships with major customers, ...
Pilgrim's(PPC) - 2024 Q3 - Earnings Call Transcript
2024-11-01 02:43
财务数据和关键指标变化 - 公司在2024年第三季度报告的净收入为46亿美元,同比增长5.2% [8] - 调整后的EBITDA为6.6亿美元,较2023年第三季度的3.24亿美元显著增长,调整后EBITDA利润率为14.4%,相比之下,去年为7.4% [8][42] 各条业务线数据和关键指标变化 - 美国市场的调整后EBITDA为4.99亿美元,较去年同期的1.74亿美元大幅提升,主要得益于商品鸡市场的恢复和低谷物输入成本 [45] - 欧洲业务的调整后EBITDA为1.12亿美元,较去年同期的8040万美元有所增长,受益于关键客户合作和创新产品 [47] - 墨西哥的调整后EBITDA为4900万美元,较去年同期的6950万美元下降,主要由于季节性需求变化 [48] 各个市场数据和关键指标变化 - 美国的商品鸡生产同比增长2.7%,但整体鸡肉需求强劲,零售渠道的鸡肉销量在各个部门均有所提升 [13][15] - 欧洲市场的消费者信心有所回升,品牌产品的需求增长快于市场平均水平,尤其是在冷藏餐和即食产品方面 [35][61] - 墨西哥市场在第三季度经历了季节性需求下降,尽管如此,品牌产品的销售仍然增长 [38][109] 公司战略和发展方向和行业竞争 - 公司继续专注于运营卓越和品牌增长,通过与关键客户的合作来推动需求和创造价值 [9][27] - 在欧洲市场,公司通过重组和优化网络结构来提升盈利能力,并计划继续进行重组活动 [47][64] - 公司在可持续发展方面取得进展,减少了17%的绝对范围1和2排放,并在全球运营中使用超过14%的可再生电力 [40] 管理层对经营环境和未来前景的评论 - 管理层对未来的展望持乐观态度,认为在持续的消费者需求和市场恢复的背景下,公司能够实现稳定增长 [9][61] - 尽管面临季节性波动和自然灾害的影响,管理层认为行业整体供应能力足以支持未来的增长 [85] 其他重要信息 - 公司在第三季度的资本支出为1.04亿美元,低于预期,但仍计划继续进行高回报项目的投资 [53] - 公司在流动性方面表现良好,拥有近30亿美元的现金和可用信贷,能够灵活应对市场波动 [52] 问答环节所有提问和回答 问题: 欧洲市场的盈利能力提升的原因 - 管理层表示,欧洲市场的盈利能力提升是多方面的,包括消费者信心的回升、成本的降低以及重组带来的效率提升 [60][62] 问题: 美国市场的价格稳定性 - 管理层指出,尽管面临季节性波动,但由于强劲的需求,鸡肉价格在第四季度保持稳定 [68][70] 问题: 墨西哥市场的季节性变化 - 管理层提到,墨西哥市场在第三季度通常较弱,但预计随着学校开学和经济回暖,需求将会恢复 [109] 问题: 近期飓风对供应链的影响 - 管理层确认,尽管飓风对部分养殖户造成了影响,但公司能够通过其他设施的生产来平衡供应,确保对关键客户的服务不受影响 [82][84] 问题: 资本配置的优先级 - 管理层表示,尽管现金余额持续增长,但将继续专注于有机增长和潜在的并购机会,以创造长期股东价值 [90][114]
Pilgrim's(PPC) - 2024 Q3 - Earnings Call Presentation
2024-10-31 23:57
业绩总结 - 2024年第三季度净收入为45.85亿美元,同比增长5.2%[8] - 毛利润为6.84亿美元,同比增长97.5%[8] - 调整后EBITDA为6.604亿美元,同比增长104.0%[8] - 每股收益(EPS)为1.47美元,同比增长188.2%[8] - 2024年第三季度的总净销售额为4,584,979千美元,较2023年同期的4,360,196千美元增长了约5.2%[86] - 2024年第三季度的总成本为3,901,009千美元,较2023年同期的4,014,314千美元下降了约2.8%[86] - 2024年第三季度的总毛利为683,970千美元,较2023年同期的345,882千美元增长了约97.5%[86] 用户数据 - 美国市场净收入为27.73亿美元,调整后营业收入为4.279亿美元,营业收入率为15.4%[10] - 欧洲市场调整后营业收入为7640万美元,营业收入率为5.8%[10] - 2024年第三季度,来自美国的净销售额为2,773,391千美元,较2023年同期的2,488,317千美元增长了约11.5%[86] - 2024年第三季度,来自欧洲的净销售额为1,308,127千美元,较2023年同期的1,312,205千美元略有下降[86] - 2024年第三季度,来自墨西哥的净销售额为503,461千美元,较2023年同期的559,674千美元下降了约10%[86] 未来展望 - 2024年第三季度,资本支出为559百万美元,较2023年同期增长了15.0%[33] - 2024年第三季度,利息支出为19,498千美元,较2023年同期下降了42.0%[37] - 2024年第三季度,所得税费用为131,609千美元,较2023年同期增长了195.0%[37] 新产品和新技术研发 - 2024年第三季度,USDA无骨鸡胸肉价格为每磅611.57美分,较2023年同期增长了100.0%[26] - 2024年第三季度,USDA鸡腿四分之一价格为每磅305美分,较2023年同期增长了10.0%[27] - 2024年第三季度,USDA整翅价格为每磅290美分,较2023年同期增长了5.0%[28] 负面信息 - 由于飓风造成的库存减记为8,075千美元,影响了2024年第三季度的财务表现[64] - 诉讼和重组活动的相关费用分别为72,190千美元和82,070千美元,影响了公司的调整后营业收入[60][64] - 2024年第三季度的重组活动损失为30,836千美元,较2023年同期增长了3161.3%[49] 其他新策略和有价值的信息 - 调整后的EBITDA为1,688,210千美元,其中美国业务贡献1,186,849千美元,欧洲业务贡献289,750千美元,墨西哥业务贡献211,611千美元[52] - 2024年9月29日的EBITDA利润率为13.33%,较2023年9月24日的6.97%提高了6.36个百分点[49] - 2024年9月29日的外汇交易损失为678千美元,较2023年9月24日的8,924千美元减少了92.4%[49]
PPC Q3 Earnings Top Estimates, U.S. Operations Drive Sales Growth
ZACKS· 2024-10-31 20:31
Pilgrim’s Pride Corporation (PPC) reported impressive third-quarter 2024 results, with the top and bottom lines increasing from the year-ago quarter. Also, the company’s earnings surpassed the Zacks Consensus Estimate.PPC reported adjusted earnings of $1.63 per share, surpassing the Zacks Consensus Estimate of $1.27. Also, the bottom line increased from adjusted earnings of 58 cents in the year-ago quarter. On a GAAP basis, earnings came in at $1.47 per share, up from 51 cents in the year-ago period.Find th ...
Pilgrim's(PPC) - 2024 Q3 - Quarterly Report
2024-10-31 07:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) Delaware 75-1285071 (State or oth ...
Pilgrim's(PPC) - 2024 Q3 - Quarterly Results
2024-10-31 06:19
Pilgrim's Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million GREELEY, Colo., October 30, 2024 (GLOBE NEWSWIRE) - Pilgrim's Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights • Net Sales of $4.6 billion. • Consolidated GAAP operating income margin of 11.1%. • GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 mil ...
Pilgrim's Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million
GlobeNewswire News Room· 2024-10-31 04:30
GREELEY, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights Net Sales of $4.6 billion.Consolidated GAAP operating income margin of 11.1%.GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63.Adjusted EBITDA of $660.4 million, or a 14.4% margin.Our U.S. Fresh portfolio continued to improve th ...
Pilgrim's Pride Q3 Earnings Coming Up: Is a Beat Likely for PPC?
ZACKS· 2024-10-28 23:00
Pilgrim's Pride Corporation (PPC) is likely to register bottom-line growth when it reports third-quarter 2024 earnings on Oct. 30. The consensus mark for third-quarter earnings has declined by a penny in the past 30 days to $1.27 per share, indicating a considerable increase from 58 cents reported in the year-ago quarter. PPC has a trailing four-quarter earnings surprise of 27.3%, on average. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Things to Consider Ahead of PPC's Upcoming ...
Pilgrim's Releases 2023 Sustainability Report
GlobeNewswire News Room· 2024-10-28 22:23
GREELEY, Colo., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Pilgrim's [NASDAQ: PPC], a leading global food company, today announced the release of its 2023 Sustainability Report, which includes highlights and achievements from the past year across the company's global operations. The report details advancements in critical areas of sustainability in the United States, Puerto Rico, Mexico, Europe and the United Kingdom. Pilgrim's produces high-quality poultry, pork, retail-ready, and prepared foods products, while foc ...
Is Pilgrim's Pride Stock a Buy, Hold or Sell at a P/E Multiple of 9.3X?
ZACKS· 2024-10-22 23:21
Pilgrim's Pride Corporation (PPC) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 9.32, which is lower than the industry average of 15.96 and the broader Zacks Consumer Staple sector's 17.92. The company is also trading below the S&P 500's P/E ratio of 22.22. This valuation indicates that PPC stock may be undervalued relative to its peers, presenting a compelling investment opportunity for value-focused investors. PPC stock is trading at a discount compared to peers like Hormel F ...