Profile: Pilgrims Pride Corp (PPC.O)
17 Nov 2017
Pilgrim's Pride Corporation, incorporated on September 11, 1986, is a retail feed store. The Company is a producer and seller of chicken with operations in the United States, Mexico and Puerto Rico. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. It offers a range of products to its customers through national and international distribution channels. The Company's fresh chicken products consist of refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The Company's prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated.
As of December 25, 2016, the Company marketed its portfolio of fresh, prepared and value-added chicken products across the United States, Mexico and in approximately 80 other countries. As of December 25, 2016, it operated feed mills, hatcheries, processing plants and distribution centers in 12 United States states, Puerto Rico and Mexico. It also offers prepackaged case-ready chicken, which includes various combinations of refrigerated, whole chickens and chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer's fresh meat counter. The Company also sells prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. Its export and other chicken products primarily consist of whole chickens and chicken parts sold either refrigerated for distributors in the United States or frozen for distribution to export markets. It sells United States-produced chicken products for export to Mexico, the Middle East, Asia, countries within the Commonwealth of Independent States (the CIS) and other world markets.
The Company's customer markets consist of the foodservice and retail channels, as well as export and other markets. Its foodservice market consists of chain restaurants, food processors, broad-line distributors and other institutions in the United States. Within this market, the Company services frozen, fresh and corporate accounts. The Company's retail market consists of grocery store chains, wholesale clubs and other retail distributors. The Company's retail market products consist of branded, prepackaged cut-up and whole chicken and chicken parts. The Company serves its consumer products under the Gold Kist, County Post, Pierce Chicken, Pilgrim's Pride and Pilgrim's brands. Through JBS USA Holdings, Inc., the Company's international distribution channel is focused on value-added products, such as all-vegetable-fed whole griller birds, chicken franks and further processed thigh meat. The Company's other products include chicken by-products, which the Company converts into protein products and serves to manufacturers of pet foods. The Company offers its chicken products to wholesalers, restaurant chains, fast food accounts and supermarket chains, and also engages in direct retail distribution in various markets.
Pilgrims Pride Corp
1770 Promontory Cir
GREELEY CO 80634-9039