Pittsburg, Texas-based Pilgrim's Pride Corp (PPC), the second largest poultry producer in the US, saw net sales drop 1.4% year on year to US$637.1m for its Q3 ended 29 June 2002. PPC also announced net income of US$3.3m (US$.08/share); a fall of US$22m year on year. For the first nine months' of FY 2002, PPC reported net income of US$17.5m (US$.43/share), a drop of US$10.7m year on year.