Pilgrim's Pride returning to profitability
June 17, 2009
by FoodBusinessNews.net Staff
PITTSBURG, TEXAS — For the first two months of its fiscal third quarter, Pilgrim’s Pride Corp. has reported a profit despite being under bankruptcy protection.
For the two months ended May 23, the company posted a profit of $30,663,365, which breaks down to an income of $16,741,881 in May and $13,921,485 in April.
Net revenue for the two months was $1,041,471,180.