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pilgrim's pride corp (PPC) Snapshot

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pilgrim's pride corp (PPC) Details

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts. It also provides prepared chicken products comprising portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. The company sells its products to the foodservice market that includes chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprises primarily grocery store chains, wholesale clubs, and other retail distributors. It also exports its products the Middle East, Asia, and other countries, as well as France, Puerto Rico, and the Netherlands. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation is a subsidiary of JBS S.A.

52,100 Employees
Last Reported Date: 05/2/19
Founded in 1946

pilgrim's pride corp (PPC) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $610.0K
Strategic Advisor
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2018.
pilgrim's pride corp
Pilgrim's Pride Corporation Reports Earnings Results for the First Quarter Ended March 31, 2019

Pilgrim's Pride Corporation announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 2,724.675 million compared to USD 2,746.678 million a year ago. Operating income was USD 137.042 million compared to USD 201.593 million a year ago. Net income was USD 84.011 million compared to USD 119.418 million a year ago. Basic earnings per share was USD 0.34 compared to USD 0.48 a year ago.

Pilgrim's Pride Corporation, Q1 2019 Earnings Call, May 02, 2019

Pilgrim's Pride Corporation, Q1 2019 Earnings Call, May 02, 2019

Pilgrim's Pride Corporation Announces Executive Changes

Pilgrim’s Pride Corporation announced that its Board of Directors has approved the appointment of Jayson Penn, current President of Pilgrim’s USA, to succeed Bill Lovette, who is retiring from the position of President and Chief Executive Officer of Pilgrim’s Pride. Lovette will remain available to provide strategic advisory services to the company through July 2020.  Penn, an accomplished executive with more than 30 years of experience. He joined Pilgrim’s in March 2011 and has served as Senior Vice President of the Commercial Business Group, Executive Vice President of Sales and Operations and, most recently, as President of Pilgrim’s USA. Prior to Pilgrim’s, Penn served in management positions at several leading poultry companies. He has also served on the board of directors and the executive committee of the USA Poultry and Egg Export Council and currently serves on the board and executive committee of the National Chicken Council and the board of directors of The World Poultry Foundation.


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