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Pilgrim’s Pride Soars with Strong Q2 Results and $400M Expansion
Pilgrim’s Pride released its financial results for the second quarter of fiscal year 2025, reporting net sales of $4.8 billion and GAAP net income of $356 million, or $1.49 per share. Adjusted EBITDA came in at $686.9 million. The company attributed its strong performance to robust demand, improved operations, and product quality across key segments.
In the US Fresh Chicken segment, both sales and margins improved. Case Ready products outpaced market growth, while the Small Bird business...
Pilgrim's Invests in New Food Production Facility
Pilgrim’s is investing $400 million in a new multi-phase prepared foods facility in LaFayette, Georgia, which is expected to create more than 630 new jobs once it is completed.
The company currently operates seven food production facilities, along with supporting infrastructure such as feed mills and hatcheries.
The new facility will produce a variety of fully cooked chicken products, further expanding Pilgrim’s prepared foods business.
Construction is set to begin this fall, with hiring anticipated to start in 2027.
“This significant investment will...
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