Pilgrim's Pride Corp. (PPC) filed Quarterly Report for the period ended 2011-09-25.

Piligrims Pride Corp. has a market cap of $1.13 billion; its shares were traded at around $5.28 with and P/S ratio of 0.2.

Highlight of Business Operations:

We reported a net loss attributable to Pilgrim’s Pride Corporation of $162.5 million, or $0.76 per diluted common share, for the thirteen weeks ended September 25, 2011 compared to net income attributable to Pilgrim’s Pride Corporation of $57.9 million, or $0.27 per diluted common share, for the thirteen weeks ended September 26, 2010. These operating results included a gross loss of $62.4 million and gross profit of $157.3 million during the respective periods. During the thirteen weeks ended September 25, 2011, we did not recognize any operational restructure charges. During the thirteen weeks ended September 26, 2010, we recognized net operational restructuring charges of $2.5 million. During the thirteen weeks ended September 25, 2011 and September 26, 2010, we recognized net administrative restructuring expenses of $11.5 million and a gain of $1.0 million, respectively.

We reported a net loss attributable to Pilgrim’s Pride Corporation of $411.4 million, or $1.92 per diluted common share, for the thirty-nine weeks ended September 25, 2011 compared to a net profit attributable to Pilgrim’s Pride Corporation of $45.3 million, or $0.21 per diluted common share, for the thirty-nine weeks ended September 26, 2010. These operating results included a gross loss of $161.7 million and gross profit of $341.8 million during the respective periods. During the thirty-nine weeks ended September 25, 2011, we did not recognize any operational restructuring charges. During the thirty-nine weeks ended September 26, 2010, we recognized net operational restructuring charges of $2.5 million. During the thirty-nine weeks ended September 25, 2011 and September 26, 2010, we recognized net administrative restructuring expenses of $11.5 million and $51.7 million, respectively.

Dallas, Texas facility. Results of operations for the thirty-nine weeks ended September 25, 2011 included severance costs related to the JBS USA Integration and the Dallas, Texas facility closure totaling $2.3 million. Results of operations for the thirteen weeks ended September 26, 2010 included severance costs totaling $3.2 million related to the JBS USA Integration. Results of operations for the thirty-nine weeks ended September 26, 2010 included severance costs totaling $29.1 million related to the JBS USA Integration, inventory disposal costs totaling $2.1 million related to the Footprint Reduction and $9.9 million of incentive compensation cost and related excise tax. Results of operations for the thirteen and thirty-nine weeks ended September 25, 2011 and the thirteen and thirty-nine weeks ended September 26, 2010 also included adjustments totaling $0.3 million, $1.0 million, $10.1 million and $11.0 million, respectively, which reduced accrued costs. Adjustments recognized in the thirteen and thirty-nine weeks ended September 25, 2011 and September 26, 2010 included the elimination of accrued severance in excess of actual severance costs incurred during the exit or disposal period. During the thirty-nine weeks ended September 26, 2010, we also recognized an adjustment for the assumption of a lease obligation related to a closed office building by an outside party, accrued grower pay and favorable adjustments to incentive compensation related to excise taxes upon finalization of an incentive analysis.

Cash used in investing activities was $104.3 million and $97.2 million in the thirty-nine weeks ended September 25, 2011 and September 26, 2010, respectively. Capital expenditures increased by $12.8 million primarily because of the routine replacement of equipment and capital expenditures related to the reopening of the Douglas, Georgia plant. Capital expenditures for 2011 cannot exceed $175.0 million as allowed under the terms of the Exit Credit Facility. Cash was used to purchase investment securities totaling $4.5 million and $9.4 million in the thirty-nine weeks ended September 25, 2011 and September 26, 2010, respectively. Cash proceeds in the thirty-nine weeks ended September 25, 2011 and September 26, 2010 from the sale or maturity of investment securities were $14.6 million and $9.6 million, respectively. Cash proceeds from property disposals in the thirty-nine weeks ended September 25, 2011 and September 26, 2010 were $7.5 million and $11.6 million, respectively.

Cash provided by financing activities was $177.9 million in thirty-nine weeks ended September 25, 2011. Cash used in financing activities was $113.8 million in the thirty-nine weeks ended September 26, 2010. Cash proceeds for the thirty-nine weeks ended September 25, 2011 from notes payable to JBS USA were $50.0 million. Cash proceeds in the thirty-nine weeks ended September 25, 2011 and September 26, 2010 from long-term debt were $804.7 million and $1,652.7 million, respectively. Cash was used to repay long-term debt totaling $669.8 million and $2,508.5 million in the thirty-nine weeks ended September 25, 2011 and September 25, 2010, respectively. Cash proceeds in the thirty-nine weeks ended September 26,

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