In this file:
· Pilgrim’s Pride Has Strong Quarter
· Pilgrim’s Pride expanding in Georgia
Pilgrim’s Pride Has Strong Quarter
By Pan Demetrakakes, Food Processing
May 03, 2022
Pilgrim’s Pride posted strong results as it held the line on retail while watching its foodservice business rebound.
Earnings for the quarter ending in March nearly doubled over the same period last year, to $501.8 million. Sales, at $4.24 billion, were up 29.5% over last year.
“Our U.S. business led the way in performance as our retail demand remained stable and foodservice recovered to pre-COVID levels,” CEO Fabio Sandri said in a statement. “Equally important, our momentum in the retail branded business continued as consumer demand remained resilient despite inflationary headwinds.”
While sales were up in all the geographic regions where Pilgrim’s sells, the biggest source of operating income was the U.S., where it more than quadrupled, to...
Pilgrim’s Pride expanding in Georgia
By Eric Schroeder, Food Business News
DOUGLAS, GA. — Pilgrim’s Pride Corp. on May 3 broke ground on a $75 million expansion in Douglas, Ga., that will give the company the ability to produce pet food ingredients by processing chicken byproducts.
The expansion is expected to create 53 new jobs at the Douglas complex, where Pilgrim’s Pride already employs more than 800.
“I am excited for the continued investment that Pilgrim’s is making in this community,” said Tony Paulk, mayor of Douglas...