Latest news with #Pilgrim's
CBS News
3 days ago
- Health
- CBS News
Acid spill at Cold Springs Pilgrim's plant sends 26 to hospital, police say
Minneapolis City Council calls for investigation into federal raid, and more headlines Minneapolis City Council calls for investigation into federal raid, and more headlines Minneapolis City Council calls for investigation into federal raid, and more headlines More than two dozen people were hospitalized after an acid spill at a chicken facility in central Minnesota Friday morning, police said. A peracetic acid spill occurred at the Pilgrim's facility on the 800 block of Sauk River Road in Cold Spring around 8:15 a.m., according to the city's police department. The spill was contained and the facility was evacuated. Twenty-six people were taken to a nearby hospital for evaluation. The U.S. Food and Drug Administration said peracetic acid is often used as a cleaning agent. In poultry facilities, it is often used "to reduce bacterial contamination and foot spoilage," the FDA said. The acid's concentrated form can cause "irreversible damage to skin and eyes," the FDA said, while the diluted forms can cause eye, nose, throat and respiratory irritation. The Pilgrim's facility recently underwent a $75 million expansion. Cold Spring is about 80 miles northwest of Minneapolis. This story will be updated.
Yahoo
5 days ago
- Health
- Yahoo
The New Meat and Seafood Products in Grocery Stores This Year
This year's PEOPLE Food Awards is full of protein-packed winners that deserve a spot in your cart. Lunchtime-ready salads and flavorful chicken nuggets that are kid and parent-friendly are just two of the four favorite surf-and-turf champs. Tyson Lightly Breaded Chicken Strips The juicy, white meat tenders cooked up 'crunchy on the outside and juicy on the inside'—and got rave reviews when heated in the airfryer. Buy it! $8, Wild Planet Wild Tuna & Red Bean Salad The fish is the star of this ready-to-eat medley of beans, corn, red peppers, carrots and spices tossed in extra virgin olive oil. No heating, cooking or refrigeration needed. Buy it! $4.50, Pilgrim's Cheesy Jalapeño Loaded Nuggets Stuffed with melty cheddar and chunks of ' mildly spicy' jalapeño chiles, the meaty, 'golf-ball sized' poppers got high scores from testers of all ages. Buy it! $8, Carnegie Deli Pastrami & Corned Beef Variety Pack Recreate two of the New York City deli's most popular sandwiches: pastrami on rye and corned beef Reuben. Just warm up the pre-sliced meat on the stove, and then stack it up high. Buy it! $18 for 1.5 lb., Read the original article on People
Yahoo
14-05-2025
- Business
- Yahoo
PPC Q1 Earnings Call: Margin Gains Offset by Misses on Revenue and Profit Expectations
Chicken producer Pilgrim's Pride (NASDAQ:PPC) missed Wall Street's revenue expectations in Q1 CY2025 as sales rose 2.3% year on year to $4.46 billion. Its non-GAAP profit of $1.31 per share was 2.1% below analysts' consensus estimates. Is now the time to buy PPC? Find out in our full research report (it's free). Revenue: $4.46 billion vs analyst estimates of $4.54 billion (2.3% year-on-year growth, 1.6% miss) Adjusted EPS: $1.31 vs analyst expectations of $1.34 (2.1% miss) Adjusted EBITDA: $533.2 million vs analyst estimates of $552.8 million (11.9% margin, 3.5% miss) Operating Margin: 9.1%, up from 5.7% in the same quarter last year Free Cash Flow Margin: 0.6%, down from 3.7% in the same quarter last year Market Capitalization: $11.06 billion Pilgrim's Pride's first quarter results were shaped by a combination of operational improvements, continued demand shifts between foodservice and retail, and sustained challenges in poultry health and production. Management attributed profitability gains to stronger performance in their Big Bird and Prepared Foods segments, as well as ongoing efficiency efforts in both U.S. and European operations. CEO Fabio Sandri highlighted, 'Our performance reflects disciplined execution of our strategies…with a focus on what we can control throughout our business.' Looking ahead, management's forward guidance is influenced by expectations of steady retail demand, ongoing volatility in Mexico, and the timing of capacity expansions. Sandri emphasized the company's commitment to capacity growth and product innovation, noting that investments in new plants and conversion projects will support long-term diversification. However, persistent supply-side challenges and macroeconomic uncertainties remain key variables for the rest of the year. Pilgrim's Pride's leadership identified operational execution, retail demand shifts, and ongoing market volatility as the most significant factors behind first quarter performance and expectations for the coming quarters. Retail demand shift: Management observed consumers are increasingly choosing to cook at home due to higher restaurant prices, resulting in stronger retail sales, particularly for fresh and boneless chicken cuts. Operational improvements in Big Bird segment: Efficiency gains and commodity market recovery contributed to higher margins in the Big Bird business, bolstered by optimized production and improved live operations despite persistent poultry health issues. Portfolio diversification: The company's expansion into branded and value-added products, including Just BARE and Pilgrim's, was highlighted as a driver of sales growth, with e-commerce channels experiencing over 35% growth. European restructuring and innovation: Integration of European operations and a focus on product innovation delivered margin improvements. Management cited over 80 new product launches and growing branded sales as evidence of progress beyond initial restructuring. Volatility in Mexico: While profitability in Mexico was steady year-over-year, significant foreign exchange headwinds and live market volatility impacted results. Management reiterated ongoing investments in new capacity and prepared foods lines, aiming for further growth and reduced volatility in this market. Management's outlook for the remainder of the year centers on sustained retail demand, new capacity projects, and the ability to navigate industry-wide supply and health challenges. Capacity expansion projects: Planned investments in new plants and conversions, particularly in the U.S. and Mexico, are expected to support volume growth and product diversification, though many projects will impact results beyond next year. Shift in consumer behavior: The ongoing move from foodservice to retail is anticipated to support demand for fresh and prepared chicken, but management cautions that this could continue to pressure certain product categories such as wings. Poultry health and supply risks: Management identified risks related to poultry health, including high mortality and hatchability issues, as well as potential disease outbreaks, which may influence supply availability and cost structures in coming quarters. Ben Theurer (Barclays): Asked about the timing and drivers behind lower Q1 capital expenditures. CFO Matt Galvanoni explained the slower pace was due to permitting and site selection, with spending expected to ramp up in future quarters. Unidentified Analyst (BMO Capital Markets): Sought clarity on European margin expansion and consumer trends. CEO Fabio Sandri highlighted integration benefits and improved consumer confidence, though cautioned that UK market headwinds could cause short-term uncertainty. Heather Jones (Heather Jones Research): Inquired about U.S. production growth and volume outlook amid plant conversions. Sandri stated Pilgrim's Pride expects to grow slightly ahead of the market, with more pronounced shifts occurring next year. Pooran Sharma (Stephens): Questioned the weak performance in the wings segment and cold storage trends. Sandri attributed this to reduced foodservice traffic and noted that normal seasonality should support wing prices later in the year. Priya Ohri-Gupta (Barclays): Asked about working capital swings and opportunistic bond repurchases. Galvanoni described the Q1 trend as typical due to compensation payments and said bond buybacks would continue opportunistically as liquidity allows. In the upcoming quarters, the StockStory team will monitor (1) the pace and execution of capacity expansion projects in both the U.S. and Mexico, (2) sustained growth in branded and value-added product sales through retail and e-commerce channels, and (3) the impact of ongoing poultry health and supply chain issues on production costs and segment profitability. Progress in managing volatility in Mexico and the results of European innovation initiatives will also be key markers for tracking execution. Pilgrim's Pride currently trades at a forward P/E ratio of 9.2×. At this valuation, is it a buy or sell post earnings? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
06-05-2025
- Entertainment
- Business Wire
Pilgrim's® Teams Up with Tony Hawk to Turn His Pro Skating Moves into Pro Snacking Moves
GREELEY, Colo.--(BUSINESS WIRE)--Tony Bawk is ready to roll! Pilgrim's®, the frozen fully cooked chicken brand known for crave-worthy chicken nuggets and chicken wings, is teaming up with the Birdman himself, Tony Hawk (now known as Tony 'Bawk'), to show skateboarders and nugget fans alike how to snack like a pro. Together, the duo created the Pilgrim's x Tony Hawk Bawk Board, a one-of-a-kind, limited-edition skateboard deck, that can be used on the halfpipe to pull tricks or serve as the ultimate snack board for munching on Pilgrim's nuggets. Fans can enter the Pilgrim's Pro Snacker Giveaway on social media for a chance to win one of 10 limited-edition boards signed by Tony, with one lucky fan also taking home the ultimate prize - a year's supply of chicken nuggets! We're not chicken about chicken and neither is Tony. Together, we're bringing main character energy to chicken and showing fans how to have a little fun with their nuggets. Share As it turns out, skateboarding and Pilgrim's chicken nuggets have a lot in common. Both take risks, lean into the bold, and never settle for boring. Over his legendary career, Tony Hawk has become synonymous with skateboarding and is now channeling that same fearless spirit with his new 'pro snacker' persona. In a new series of videos featuring some archival footage, 'The Birdman' puts a snacking spin on iconic skateboarding tricks—inspired by Pilgrim's crispy, delicious nuggets. From the 'Bawk n' Roll' to the 'Freehand Nugget,' and every sauce fanatic's dream, the 'Trippy Dippy,' these tricks take classic skateboarding moves and give them a delicious twist—turning big air into big flavor, smooth grabs into smooth dips, and perfect landings into the perfect bite. 'You don't have to be a pro skater to become a pro snacker," said Hawk. 'Teaming up with Pilgrim's to bring some crispy chaos to the halfpipe has been a nostalgic and delicious collab." Starting today, Pilgrim's is giving 10 lucky fans the chance to win an exclusive Pilgrim's x Tony Hawk Bawk Board, signed by the legend himself. All fans need to do is show off their best pro snacking moves — whether you stack your nuggets high, double dunk into sauces for maximum flavor or toss em' up and catch in your mouth, there's only one rule: don't be boring! To enter, fans can: Post a 30 second or less video on Instagram or TikTok showing off your pro snacking moves Use the hashtag #PilgrimsProSnackerGiveaway Follow @pilgrimschickenusa if entering on Instagram or @pilgrimschicken if entering on TikTok 'This partnership is everything that Pilgrim's stands for,' said Chelsea Parker, Senior Director of Brand Marketing at Pilgrim's US. 'It's bold, nostalgic, unexpected, and above all – fun. We're not chicken about chicken and neither is Tony. Together, we're bringing main character energy to chicken and showing fans how to have a little fun with their nuggets.' This partnership is another extension of the brand's larger mission to knock the boredom out of chicken by delivering restaurant-quality products to grocery store freezers. With bold and flavorful new takes on nuggets and wings like the Cheesy Jalapeño and Chicken Pot Pie Loaded Nuggets, Garlic Parm Crispy Wings, and fan favorite Popcorn Chicken, consumers no longer have to settle for bland, forgettable chicken. To learn more about the Pilgrim's x Tony Hawk Bawk Board, follow @PilgrimsChickenUSA on Instagram and @PilgrimsChicken on TikTok. For more information about Pilgrim's visit Pilgrim's Giveaway Abbreviated Rules: No purchase necessary. Open to legal residents of the 50 United States and DC, who are at least 18 years of age or older. Begins 8:00 AM ET on May 6, 2025; ends 11:59 PM ET on May 27, 2025. For Official Rules, visit As a global food company with more than 62,000 team members, Pilgrim's processes, prepares, packages, and delivers fresh, frozen, and value-added food products for customers in more than 100 countries. The company operates protein processing plants and prepared foods facilities in 14 states, Puerto Rico, Mexico, the U.K, the Republic of Ireland and continental Europe. For more information, please visit
Yahoo
30-04-2025
- Business
- Yahoo
Pilgrim's Pride (NASDAQ:PPC) Reports Sales Below Analyst Estimates In Q1 Earnings, Stock Drops
Chicken producer Pilgrim's Pride (NASDAQ:PPC) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 2.3% year on year to $4.46 billion. Its non-GAAP profit of $1.31 per share was 2.2% below analysts' consensus estimates. Is now the time to buy Pilgrim's Pride? Find out in our full research report. Revenue: $4.46 billion vs analyst estimates of $4.54 billion (2.3% year-on-year growth, 1.6% miss) Adjusted EPS: $1.31 vs analyst expectations of $1.34 (2.2% miss) Adjusted EBITDA: $533.2 million vs analyst estimates of $552.8 million (11.9% margin, 3.5% miss) Operating Margin: 9.1%, up from 5.7% in the same quarter last year Free Cash Flow Margin: 0.6%, down from 3.7% in the same quarter last year Market Capitalization: $12.81 billion 'While facing volatility during the quarter, we maintained our focus on controlling the controllables and consistent execution of our strategies,' said Fabio Sandri, Pilgrim's President and CEO. Offering everything from pre-marinated to frozen chicken, Pilgrim's Pride (NASDAQ:PPC) produces, processes, and distributes chicken products to retailers and food service customers. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $17.98 billion in revenue over the past 12 months, Pilgrim's Pride is larger than most consumer staples companies and benefits from economies of scale, enabling it to gain more leverage on its fixed costs than smaller competitors. Its size also gives it negotiating leverage with distributors, allowing its products to reach more shelves. However, its scale is a double-edged sword because there are only so many big store chains to sell into, making it harder to find incremental growth. To accelerate sales, Pilgrim's Pride likely needs to optimize its pricing or lean into new products and international expansion. As you can see below, Pilgrim's Pride's 4.5% annualized revenue growth over the last three years was tepid. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. This quarter, Pilgrim's Pride's revenue grew by 2.3% year on year to $4.46 billion, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last three years. This projection is underwhelming and indicates its products will face some demand challenges. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Although earnings are undoubtedly valuable for assessing company performance, we believe cash is king because you can't use accounting profits to pay the bills. Pilgrim's Pride has shown decent cash profitability, giving it some flexibility to reinvest or return capital to investors. The company's free cash flow margin averaged 5.5% over the last two years, slightly better than the broader consumer staples sector. Taking a step back, we can see that Pilgrim's Pride's margin expanded by 4.3 percentage points over the last year. This is encouraging because it gives the company more optionality. Pilgrim's Pride broke even from a free cash flow perspective in Q1. The company's cash profitability regressed as it was 3.1 percentage points lower than in the same quarter last year. This warrants extra attention because consumer staples companies typically produce more consistent and defensive performance. We struggled to find many positives in these results. Its EBITDA missed and its gross margin fell short of Wall Street's estimates. Overall, this was a weaker quarter. The stock traded down 6.6% to $51 immediately following the results. Pilgrim's Pride may have had a tough quarter, but does that actually create an opportunity to invest right now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
