Pilgrim's Pride Moves into Profit
US - Pilgrim's Pride reports a profit in the latest quarter's results.
4 August 2009
2 minute read
MarketWatch reports that Pilgrim's Pride, has posted a profit of $53.2 million, or 72 cents a share, for the quarter ended 27 June.
The company lost $52.7 million, or 75 cents a share, in the year-earlier quarter. Sales fell to $1.77 billion from $2.2 billion.
Over the past nine months, Pilgrim's Pride has closed seven processing complexes, two distribution centres and cut production. The company filed for bankruptcy in December 2008.
