Pilgrim’s Pride reports profit drop in Q1 results

US POULTRY giant Pilgrims Pride has reported a 25% drop in
EBITDA in its Q1 results, compared with the same period the year earlier.

It is despite revenues remaining broadly flat, at $2.72bn in
the thirteen weeks to March 31, compared with $2.74bn in 2018.

The earnings report said US operat...

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