PITTSBURG, Texas — Pilgrim’s Pride Corp. suffered a $228,782,000 loss in the first quarter ended Dec. 27, which compared with a loss of $32,329,000 during the same period of the previous year.
The chicken processor, which filed for Chapter 11 bankruptcy protection on Dec. 1, 2008, cited high feed prices and poultry product prices below historical levels as reasons for the results.
Sales for the quarter were $1,876,991,000, a decline compared with the previous year when the company recorded quarterly sales of $2,047,353,000.
Source: MeatPoultry.com
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