Pilgrims Pride Corp
PPC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.d>G&NQ | LOCK|>^p | LOCK|$DdQhM |
Pilgrim’s Pride Earnings: Chicken Demand Remains Strong but Growing Supply Trims Margins
After enjoying an extended period of pristine chicken markets, Pilgrim's Pride saw a tougher third quarter. Although sales rose 3.8% over the prior year, its adjusted EBITDA margin contracted 110 basis points to 13.3%. Lower margins in the US and Mexico offset its UK and Europe segment.
