Pilgrim’s Pride Corporation: Its Efforts Towards Geographic Diversification & Investment in Mexico!

Pilgrim’s Pride reported its third-quarter results for the year 2024, showcasing a strong financial performance characterized by an increase in revenues and significant improvement in adjusted EBITDA. The company generated net revenues of $4.6 billion, marking a 5.2% increase from the same period in the previous year. Adjusted EBITDA increased impressively to $660 million from $324 million in the third quarter of 2023, with the adjusted EBITDA margin expanding from 7.4% to 14.4%. These results underscore the company’s successful execution of its strategies and the benefits derived from a diversified portfolio and operational enhancements.