Pilgrim’s Pride Corporation: Initiation Of Coverage – What Is The Core Business Strategy Of This Meat & Poultry Giant? 

The Pilgrim’s Pride Corporation has encountered several ups and downs in the fiscal year 2023. The company possessed an impressive net revenue of $4.5 billion in Q4 2023, with an adjusted EBITDA of $310 million and an adjusted EBITDA margin of 6.8%. Their revenue for the fiscal year was $17.4 billion, marking an EBITDA of $1 billion and margins of 6%. However, the high input costs in H1 created a challenging environment. Despite this adversity, they maintained strategic control and their established leadership position.