Pilgrim's Pride - food industry company news 
BRAZIL: JBS appoints new Mercosul head
8 December 2011
Major Brazilian meat processor JBS has appointed José Augusto de Carvalho Jr as president of its operations in South America outside its domestic market.
Editor's choice: the highlights on just-food this week
21 November 2011
Uncertainty surrounds PepsiCo at the moment, with rumours that some directors now want the US food and drink giant to examine whether to split the company in two - a move some analysts and investors demand. CEO Indra Nooyi is reported to be against such a move and is said to be lining up acquisitions to bolster the company. Elsewhere, Unilever again faced claims that it would look to offload more food brands and HJ Heinz said it would close more factories to deal with the "difficult" trading conditions in some markets, Click on the headlines for more.
BRAZIL: Pilgrim's Pride problems hit owner JBS
15 November 2011
Losses at US poultry producer Pilgrim's Pride have helped cause majority shareholder JBS, the Brazilian meat giant, to report a third-quarter loss.
US: Lower prices, higher costs hit poultry group Pilgrim's Pride
28 October 2011
Falling chicken prices and higher feed costs have pushed US poultry company Pilgrim's Pride to report a third-quarter loss.
BRAZIL: US problems push JBS to H1 loss
16 August 2011
Brazilian meat giant JBS today (16 August) reported a half-year loss after problems at its US operations hit its bottom line in the second quarter of the year.
US: Pilgrim's Pride posts Q2 loss, plans plant closure
29 July 2011
US poultry processor Pilgrim's Pride plans to close its chicken processing plant in Dallas to improve efficiency.
Quote, unquote: just-food's week in words
29 July 2011
The week saw more of the major food manufacturers report their half-year results. Aside from their numbers, Danone faced questions on the performance of its business in Russia, while Hershey's new CEO was quizzed over its future in India. Meanwhile, Superquinn directors dropped their legal action against the Irish retailer's receivership and a group of UK politicians urged the Government to strengthen the powers of the proposed grocery watchdog. Click on the links for more.
US: Pilgrim's Pride appoints Sandri CFO
6 June 2011
US poultry group Pilgrim's Pride has appointed Brazilian Fabio Sandri as chief financial officer.
BRAZIL: Meat giant JBS posts mixed Q1 numbers
11 May 2011
JBS, the Brazilian meat giant, has reported mixed first-quarter results, with the company's net income and sales rising - but its EBITDA down on lower profits from its US chicken unit.
US: Feed costs hit Pilgrim's Pride in Q1
3 May 2011
Pilgrim's Pride has cited "rapidly increasing" feed costs as a factor in its widening losses for the first quarter of its financial year.
US: Pilgrim's Pride sees Q4 profit rally
11 February 2011
US poultry group Pilgrim's Pride said today (11 February) that its full-year performance was boosted by a 24% jump in fourth-quarter profits.
BRAZIL/US: Meat giant JBS shakes up US management
17 December 2010
Brazilian meat group JBS has decided to shake up its management team in the US, including a move to appoint a new chief executive at its Pilgrim's Pride poultry arm.
US: Pilgrim's Pride in US$350m note offering
1 December 2010
US poultry giant Pilgrim's Pride is to offer US$350m of senior unsecured notes in a private placement.
US: Pilgrim's Pride chief upbeat despite Q3 profit drop
29 October 2010
The chief executive of Pilgrim's Pride today (29 October) pointed to improving efficiency and cost control during the US poultry group's third quarter even as profits fell 30% on the year.
Best bits: Spotlight remains on emerging markets
6 September 2010
The spotlight was on manufacturers this week as Heinz, Kerry Group and Del Monte all posted positive numbers.
RUSSIA: Pilgrim's resumes shipments to Russia
3 September 2010
Pilgrim's Pride said it will resume export shipments to Russia tomorrow (4 September).
US: Restructuring costs dent Pilgrim's Pride profits
30 July 2010
US poultry group Pilgrim's Pride said today (30 July) that restructuring costs had hit its second-quarter earnings, which slid by more than a third.
BRAZIL: JBS denies merger plans
29 July 2010
Brazilian meat giant JBS has denied that it is considering making its Pligrim's Pride unit the parent of its US operations to limit the influence of Brazil's BNDES state development bank.
US/RUSSIA: Pilgrim's Pride gets approval for Russian exports
26 July 2010
Pilgrim's Pride has been granted formal approval from the US Department of Agriculture (USDA) to resume exporting chicken products to Russia.
Comment: JBS may bite off more than it could chew with Smithfield
30 June 2010
A telling reaction to rumours that JBS could look to hold talks with Smithfield Foods to buy the US business was the slump in the Brazilian meat giant's share price.
US/BRAZIL: Smithfield shares jump on JBS takeover talk
29 June 2010
Shares in US meat giant Smithfield Foods jumped almost 9% today (29 June) after reports in Brazil said local meat processor JBS could hold discussions to buy the business.
Comment: Marfrig faces threat of indigestion amid global expansion
18 June 2010
The humble chicken nugget grabbed the M&A headlines in the food industry this week after Brazilian food group Marfrig
US: Pilgrim's launches local Florida chicken
11 June 2010
US poultry group Pilgrim's Pride has launched chicken under the "Fresh from Florida" label to tap into local shoppers who prefer locally-grown products.
BRAZIL: JBS moves to profit on Pilgrim's Pride boost
14 May 2010
JBS has reported a strong start to the year with sales growth driving the meat giant back into profit in the first quarter of 2010, as the company benefited from acquisitions and a strong performance in the US.
US: US poultry shares fall as Pilgrim's eyes expansion
7 May 2010
Shares in major US poultry processors fell yesterday (6 May) after Pilgrim's Pride outlined plans to re-open plants closed during its recent financial troubles.
US: Pilgrim's Pride admits Q1 missed expectations
6 May 2010
US poultry giant Pilgrim's Pride said today (6 May) its first-quarter performance was "below expectations" despite its losses narrowing as the company restructures its business.
US: Pilgrim's Pride cuts jobs amid JBS integration
12 April 2010
US poultry group Pilgrim's Pride is to cut 200 jobs as part of the process to integrate the business into new parent JBS, the Brazil-based meat giant.
BRAZIL: Minerva rated 'buy' as Goldman starts protein coverage
24 March 2010
Minerva, the Brazilian beef exporter, has been handed a 'buy' rating on its shares as Goldman Sachs kicks off coverage of the country's largest meat processors.
BRAZIL: Pilgrim’s buy boosts JBS 2009 profits
8 March 2010
Brazilian meat giant JBS has booked a substantial increase in net income for 2009, boosted by profits from the Pilgrim’s Pride acquisition towards the end of the year.
US: Pilgrim's Pride in US$1m wage settlement
1 February 2010
US chicken producer Pilgrim's Pride will pay US$1m in overtime back wages to 798 current and former employees at its Dallas, Texas, processing plant.
Related research
Pilgrim's Pride Corporation
Datamonitor's Pilgrim's Pride Corporation - SWOT Analysis company profile is the essential source for top-level company data and information. Pilgrim's Pride Corporation - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Pilgrim's Pride Corporation (Pilgrim's Pride) is a vertically integrated producer of poultry products. The company controls breeding, hatching and growing of chickens. The company operates in the US and Mexico. It is headquartered in Pittsburg, Texas and employs 41,240 people. The company recorded revenues of $7,088.1 million during the financial year ended September 2009 (FY2009), a decrease of 16.8% compared to FY2008. The operating profit of the company was $67.3 million during FY2009, as compared to an operating loss of $1,057.7 million in FY2008. The net loss of the company was $151.6 million in FY2009, as compared to a net loss of $998.6 million.
Pilgrim's Pride Corporation (PPC) - Financial and Strategic Analysis Review
Pilgrim’s Pride Corporation (Pilgrim’s Pride) is one of the leading chicken companies in the US and Mexico. The company engages in the production and distribution of poultry products in the US, Mexico and Puerto Rico. The various products offered by the company include fresh chicken products such as refrigerated (non-frozen) whole or cut-up chickens and prepackaged case ready chicken; and prepared chicken products such as portion-controlled breast fillets, tenderloins, strips, delicatessen products, formed nuggets, patties and bone-in chicken parts. It also produces and sells table eggs, commercial feeds and related items, live hogs and protein conversion products.
Pilgrim's Pride Corporation (PPC) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of Pilgrim's Pride Corporation provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
