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Saturday, June 25, 2011
Pilgrim's Pride changes loan agreement on feed price pressure
June 25, 2011 Pilgrim's Pride changes loan agreement on feed price pressure Pilgrim's Pride Corp., facing losses and unrelentingly high feed prices, changed its loan covenants to gain more flexibility in clearing its debt. The new terms hel ...
Wednesday, June 22, 2011
Pilgrim's Pride to avoid liquidity issues in 2011
June 22, 2011 Pilgrim's Pride to avoid liquidity issues in 2011 Pilgrim's Pride Corp.'s (PPC) chief executive admitted on Tuesday (Jun 21) that concerns on the organisation violating its debt covenants with lenders has affected company's st ...
Wednesday, June 15, 2011
High corn prices prompt Pilgrim's Pride to feed wheat to chickens
June 15, 2011 High corn prices prompt Pilgrim's Pride to feed wheat to chickens Pilgrim's Pride had begun feeding small amounts of wheat to chickens at some parts of eastern US, as corn starts to prompt at least a partial switch in feed, th ...
Tuesday, June 7, 2011
Pilgrim's Pride to delay upgrade amid decrease in profits
Jun 7, 2011 Pilgrim's Pride to delay upgrade amid decrease in profits Moody's Investors Service eliminated the hope of an upgrade for Pilgrim's Pride Corp. (PPC) anytime soon as its profitability might decline due to unexpected poor chicken ...
Monday, June 6, 2011
Pilgrim's Pride appoints new chief financial officer (Press Release)
June 6, 2011 Pilgrim's Pride appoints new chief financial officer Press Release   Pilgrim's Pride Corporation has announced that it has appointed Fabio Sandri as chief financial officer of the company, effective immediately. Sandri succeeds ...
Friday, June 3, 2011
Shares of Pilgrim's Pride decline
June 3, 2011 Shares of Pilgrim's Pride decline Chicken producer Pilgrim's Pride (PPC) plummeted 6.3% on Thursday (Jun 2), reaching a 52-week low of US$4.47/share. Pilgrim's and shares of rival producer Sanderson Farms (SAFM) have been facin ...
Monday, May 2, 2011
Higher feed cost pressure weighs on Pilgrim's Pride
May 2, 2011 Higher feed cost pressure weighs on Pilgrim's Pride Pilgrim's Pride Corp reported that it was likely to jack up prices after higher feed costs resulted in a larger-than-expected quarterly loss. Winter storms in the Southeast als ...
Wednesday, February 16, 2011
Pilgrim's Pride reports Q4 financial results
February 16, 2011 Pilgrim's Pride reports Q4 financial results Pilgrim's Pride Corporation reported net earnings of US$41.8 million, or US$0.20 per share, on net sales of US$1.8 billion for the fourth quarter ended December 26, 2010. For th ...
Monday, January 3, 2011
Pilgrim's Pride recalls chicken wings due to egg allergens
January 3, 2011 Pilgrim's Pride recalls chicken wings due to egg allergens Pilgrim's Pride Corporation is voluntarily recalling approximately 180,000 pounds of Pierce Hot & Spicy Breaded Chicken Wings, and Sweet Georgia Brand Hot & Spicy Br ...
Thursday, November 11, 2010
JBS expands stake in Pilgrim's Pride
November 11, 2010 JBS expands stake in Pilgrim's Pride Brazilian meat giant JBS has purchased seven million common shares of Pilgrim's Pride, bringing JBS's ownership of the chicken processing company to 67% from 64%. The purchase on the Ne ...
Monday, November 1, 2010
Pilgrim's Pride reports financial results for third quarter of fiscal 2010 (Press Release)
November 1, 2010 Pilgrim's Pride reports financial results for third quarter of fiscal 2010 Press Release     Pilgrim's Pride Corporation reported net earnings of US$57.9 million, or US$0.27 per share, on net sales of US$1.7 billion for the ...
Monday, November 1, 2010
Pilgrim's Pride poultry exports to Russia to resume in 2011
November 1, 2010 Pilgrim's Pride poultry exports to Russia to resume in 2011 Russia is likely to continue accepting US poultry exports next year despite recent government comments that Russia may not need them, the head of Pilgrim's Pride C ...
Friday, September 17, 2010
Pilgrim's Pride poultry plant continue to emit pungent smell
September 17, 2010 Pilgrim's Pride poultry plant continue to emit pungent smell Regulators are looking into pungent odours that continue to emanate from a Pilgrim's Pride poultry processing plant, despite the installation of equipment to mi ...
Monday, August 2, 2010
Pilgrim's Pride Q2 profits go downward
August 2, 2010 Pilgrim's Pride Q2 profits go downward   Pilgrim's Pride Corporation (PPC) reported Thursday (July 29) a decline in profit for the second quarter, chiefly due to lower revenues and margins. For the second quarter, net income ...
Thursday, July 29, 2010
JBS mulls merging US unit into Pilgrim's Pride
July 29, 2010 JBS mulls merging US unit into Pilgrim's Pride JBS SA, the world's biggest beef producer, is considering making its US$7.1 billion Pilgrim's Pride unit the parent of US operations to limit the influence of Brazil's BNDES state ...
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