Pilgrim's Expects USD802 Million Loss In Q4 As Deadline Approaches
Pilgrim’s Pride Corp., the largest U.S. chicken producer, said it expects to report a monster fiscal fourth-quarter loss of $802 million partly because of an impairment charge from the purchase of Gold Kist Inc., reports Bloomberg.
For the full 2008 fiscal year, Pilgrim's Pride anticipates reporting a net loss of $998.6 million, or $14.40 per share, on net sales of $8.5 billion.
Pilgrim's secured a third temporary waiver from it's lenders last week, which expires noon (CDT) today.
On Friday Pilgrim's filed a formal Notification of Late Filing with the Securities and Exchange Commission (SEC) that its annual 10-K report will be late.
The 10-K is a comprehensive summary report of a company's performance that must be submitted annually to SEC.
Typically, the 10-K contains much more detail than the annual report. It includes information such as company history, organizational structure, equity, holdings, earnings per share, subsidiaries, etc.
For the full 2008 fiscal year, Pilgrim's Pride anticipates reporting a net loss of $998.6 million, or $14.40 per share, on net sales of $8.5 billion.
Pilgrim's secured a third temporary waiver from it's lenders last week, which expires noon (CDT) today.
On Friday Pilgrim's filed a formal Notification of Late Filing with the Securities and Exchange Commission (SEC) that its annual 10-K report will be late.
The 10-K is a comprehensive summary report of a company's performance that must be submitted annually to SEC.
Typically, the 10-K contains much more detail than the annual report. It includes information such as company history, organizational structure, equity, holdings, earnings per share, subsidiaries, etc.
