Pilgrim's Pride - Focus on Convenience Foods is to Sustainably Improve Margins, Special Dividend Announced!

Business Driver: Pilgrim's Pride (PPC) is one of the world's leading poultry producers, primarily focusing on chicken meat and convenience foods such as chicken nuggets or chicken breast fillets marketed under private labels like Pilgrim’s, Just Bare, and Moy Park. Fast food chains like McDonald's are also among the customers of Pilgrim's Pride. The company aims to significantly expand its offer in convenience foods and at the same time focus on key customers in the US market, which will sustainably improve its profitability. On March 14,...