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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.59B | 0.6% |
| Gross Profit | 684M | 1.1% |
| Cost of Revenue | 4.08B | 1% |
| Operating expense | 174M | 30.9% |
| Net Income | 350M | 7.2% |
| EBITDA | 531M | 14% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 10.7B | 6.2% |
| Total Liabilities | 6.48B | 2.4% |
| Total Equity | 4.2B | 12.7% |
| Shares Outstanding | 237M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 651M | 9.4% |
| Cash from investing | -99M | 3.9% |
| Cash from financing | -780,000 | 99.5% |
EPS
Financial Highlights for Pilgrim's in Q3 '24
Pilgrim's reported a revenue of 4.59B, which is a 0.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 684M, marking a -1.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.08B, a -1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 174M, showing a -30.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 350M, showing a 7.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 531M, showing a 14% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Pilgrim's faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
