Pilgrim’s Pride Corporation (PPC) Q3 2023 Earnings Call Transcript


Pilgrim’s Pride Corporation (NASDAQ:PPC) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET

Company Participants

Andy Rojeski – Head of Strategy, IR

Fabio Sandri – President and CEO

Matthew Galvanoni – CFO

Conference Call Participants

Ben Theurer – Barclays

Ben Bienvenu – Stephens Incorporated

Andrew Strelzik – BMO Capital

Peter Galbo – Bank of America

Adam Samuelson – Goldman Sachs

Priya Ohri Gupta – Barclays

Operator

Good morning, and welcome to the Third Quarter 2023 Pilgrim’s Pride Earnings Conference Call and Webcast. [Operator Instructions] At the company’s request this call is being recorded. Please note that the slides referenced during today’s call are available for download from the Investors section of the company’s website at www.pilgrims.com. After today’s presentation, there will be an opportunity to ask questions.

I would now like to turn the conference call over to Andy Rojeski, Head of Strategy, Investor Relations and Net Zero Programs for Pilgrim’s.

Andy Rojeski

Good morning, and thank you for joining us today as we review our operating and financial results for the third quarter ended on September 24, 2023. Yesterday, we issued a press release providing an overview of our financial performance for the quarter including a reconciliation of any non-GAAP measures we may discuss. A copy of the release is available on our website at ir.pilgrims.com, along with the slides for reference. These items have also been filed as Form 8-Ks and are available online at sec.gov.

Fabio Sandri, President and Chief Executive Officer; and Matt Galvanoni, Chief Financial Officer will present on today’s call.

Before we begin our prepared remarks, I would like to remind everyone of our safe harbor disclaimer. Today’s call may contain certain forward-looking statements that represent our outlook and current expectations as of the date of this release. Other additional factors not anticipated by management



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