Pilgrims Pride Reports Hefty Q1 Loss
Pilgrim's Pride Corp., the largest chicken producer in the US which filed for Chapter 11 bankruptcy protection in December, has reported a Q1 loss of $228.78 million, or $3.09 per share, compared to a year-earlier loss of $32.33 million, or 49 cents a share.
Revenue for the period was $1.88 billion compared with year-ago revenue $2.05 billion.
The news comes just a day after rival firm Tyson Foods Inc., reported Q1 losses of $286 million from it's chicken operations.
Revenue for the period was $1.88 billion compared with year-ago revenue $2.05 billion.
The news comes just a day after rival firm Tyson Foods Inc., reported Q1 losses of $286 million from it's chicken operations.
