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Pilgrims Pride (Pilgrims Pride) Gross Margin % : 7.09% (As of Dec. 2023)


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What is Pilgrims Pride Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Pilgrims Pride's Gross Profit for the three months ended in Dec. 2023 was $321 Mil. Pilgrims Pride's Revenue for the three months ended in Dec. 2023 was $4,528 Mil. Therefore, Pilgrims Pride's Gross Margin % for the quarter that ended in Dec. 2023 was 7.09%.


The historical rank and industry rank for Pilgrims Pride's Gross Margin % or its related term are showing as below:

PPC' s Gross Margin % Range Over the Past 10 Years
Min: 6.44   Med: 9.88   Max: 16.24
Current: 6.44


During the past 13 years, the highest Gross Margin % of Pilgrims Pride was 16.24%. The lowest was 6.44%. And the median was 9.88%.

PPC's Gross Margin % is ranked worse than
89.94% of 1809 companies
in the Consumer Packaged Goods industry
Industry Median: 25.04 vs PPC: 6.44

Pilgrims Pride had a gross margin of 7.09% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Pilgrims Pride was -0.90% per year.


Pilgrims Pride Gross Margin % Historical Data

The historical data trend for Pilgrims Pride's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pilgrims Pride Gross Margin % Chart

Pilgrims Pride Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.38 6.93 9.24 10.37 6.44

Pilgrims Pride Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.32 4.15 6.46 7.93 7.09

Competitive Comparison of Pilgrims Pride's Gross Margin %

For the Packaged Foods subindustry, Pilgrims Pride's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pilgrims Pride's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pilgrims Pride's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Pilgrims Pride's Gross Margin % falls into.



Pilgrims Pride Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Pilgrims Pride's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1118.4 / 17362.217
=(Revenue - Cost of Goods Sold) / Revenue
=(17362.217 - 16243.816) / 17362.217
=6.44 %

Pilgrims Pride's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=321 / 4528.302
=(Revenue - Cost of Goods Sold) / Revenue
=(4528.302 - 4207.255) / 4528.302
=7.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Pilgrims Pride  (NAS:PPC) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Pilgrims Pride had a gross margin of 7.09% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Pilgrims Pride Gross Margin % Related Terms

Thank you for viewing the detailed overview of Pilgrims Pride's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Pilgrims Pride (Pilgrims Pride) Business Description

Traded in Other Exchanges
Address
1770 Promontory Circle, Greeley, CO, USA, 80634-9038
Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2022 sales), the U.K. (28% including other European sales), and Mexico (11%). Its U.K. and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its U.S. and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its U.K. and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.
Executives
Batista Filho Wesley Mendonca director 1770 PROMONTORY CIRCLE, GREELEY CO 80634
Matthew R Galvanoni officer: Chief Financial Officer 5 WESTBROOK CORPORATE CENTER, WESTBROOK IL 60154
Fabio Sandri officer: Chief Financial Officer 1770 PROMONTORY CIRCLE, GREELEY CO 80634-9038
Raul Padilla director C/O BUNGE LTD, 50 MAIN STREET, WHITE PLAINS NY 10606
Maestri Karoleski Joanita Maria director C/O PILGRIM'S PRIDE CORP, 1770 PROMONTORY CIRCLE, GREELEY CO 80634
Ajay Menon director C/O CONVERA CORPORATION, 1921 GALLOWS RD., VIENNA VA 22182
Jayson Penn officer: CEO 1770 PROMONTORY CIRCLE, GREELEY CO 80634
Arquimedes Celis director 1770 PROMONTORY CIRCLE, GREELEY CO 80634
Farha Aslam director 1770 N PROMOTORY CIRCLE, GREELEY CO 80634
William W Lovette director, officer: CEO and President 2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762
Michael L. Cooper director 4845 US HIGHWAY 271N, PITTSBURG TX 75686
Vasconcellos Wallim Cruz De Jr director 116 RUA VISCONDE DE ITAUNA, 116, RIO DE JANEIRO D5 22460140
David E Bell director C/O BOSTON ACOUSTICS, INC., 300 JUBILEE DRIVE, PEABODY MA 01960
Charles Macaluso director
Denilson Molina director 1770 PROMONTORY CIRCLE, GREELEY CO 80634