Pilgrim's Pride (PPC) 8-K/A Regulation FD Disclosure

Pilgrim's Pride Corporation

Net Sales by Primary Market Line

for the Three Months Ended:

The following table sets forth net sales attributable to each of our primary product lines and markets served with those products. We based the table on our internal sales reports and their classification of product types and customers. The information in these tables should be read in conjunction with the information in our SEC filings, including the discussion of our primary product lines and markets served with those products included in our most recent Annual Report on Form 10-K.

(in thousands)	Mar 27,		Mar 28,
	2011		2010
Chicken Sales:
United States
Prepared Foods:
Foodservice	$	445,257	$	436,291
Retail	$	123,761	$	126,123
Total Prepared Foods	$	569,019	$	562,415
Fresh Chicken:
Foodservice	$	512,931	$	438,405
Retail	$	267,742	$	248,476
Total Fresh Chicken	$	780,673	$	686,880
Export and Other
Export:
Prepared Foods	$	18,233	$	16,683
Chicken	$	170,098	$	87,499
Total Export	$	188,331	$	104,183
Other Chicken By Products	$	3,433	$	3,541
Total Export and Other	$	191,763	$	107,723
Total U.S. Chicken	$	1,541,454	$	1,357,018
Mexico:	$	172,938	$	138,918
Total Chicken Sales	$	1,714,392	$	1,495,936
Total Prepared Foods	$	587,251	$	579,098
Sale of Other Products
U.S.	$	168,824	$	138,595
Mexico	$	9,260	$	8,387
Total Other Products	$	178,084	$	146,982
Total Net Sales	$	1,892,476	$	1,642,918

	Mar 27,			Mar 28,
	2011			2010
Chicken Sales:
U.S. Chicken Sales:
Prepared Foods:
Foodservice		28.9	%		32.2	%
Retail		8.0	%		9.3	%
Total Prepared Foods		36.9	%		41.5	%
Fresh Chicken:
Foodservice		33.3	%		32.3	%
Retail		17.4	%		18.3	%
Total Fresh Chicken		50.7	%		50.6	%
Export and Other
Export:
Prepared Foods		1.2	%		1.2	%
Chicken		11.0	%		6.4	%
Total Export		12.2	%		7.6	%
Other Chicken By Products		0.2	%		0.3	%
Total Export and Other		12.4	%		7.9	%
Total U.S. Chicken		100.0	%		100.0	%

Pilgrim's Pride Corporation

Selected Financial Data

for the Three Months Ended:

Our selected financial data is derived from our financial statements. Historical results should not be taken as necessarily indicative of the results that may be expected for any future period. You should read this financial data in conjunction with the appropriate period financial statements and the related notes and "Management's Discussion and Analysis of Results of Operations and Financial Condition" included in our SEC filings.

	03/27/11			03/28/10
(in thousands except per share data)
Income Statement Data:
Net sales	$	1,892,476		$	1,642,918
Non-recurring recoveries		-			-
Asset impairment and restructuring charges		-			-
Gross margin		(53,110	)		52,019
Goodwill Impairment		-			-
Selling, general and administrative expenses		53,666			48,601
Restructuring and related costs		-			35,819
Operating income (loss)		(106,776	)		(32,401	)
Interest expense, net		26,797			27,873
Miscellaneous, net		(3,806	)		(2,325	)
Loss on early extinguishment of debt		-			-
Restructuring items, net		-			20,719
Income (loss) before restructuring & income taxes from continuing operations		(129,767	)		(78,668	)
Income tax expense (benefit)		(9,872	)		(33,304	)
Income (loss) from continuing operations		(119,895	)		(45,364	)
Extraordinary charge - net of tax		-			-
Income(loss) from operation of discontinued business, net of tax		-			-
Gain on sale of discontinued business, net of tax		-			-
Net income (loss)		(119,895	)		(45,364	)
Net income (loss) attributable to noncontrolling interest		865			183
Net income (loss) attributable to Pilgrim's Pride	$	(120,760	)	$	(45,547	)
Per Common Share Data:
Income (loss) from continuing operations	$	(0.56	)	$	(0.21	)
Extraordinary charge - early repayment of debt		-			-
Income(loss) from operation of discontinued business, net of tax		-			-
Gain on sale of discontinued business, net of tax		-			-
Net Income (loss)	$	(0.56	)	$	(0.21	)
Cash dividends	$	-		$	-
Book value	$	4.47		$	4.44
Balance Sheet Summary:
Working capital	$	945,698		$	538,271
Total assets	$	3,191,915		$	2,887,937
Notes payable and current maturities of long-term debt	$	62,021		$	50,347
Long-term debt, less current maturities	$	1,397,068		$	1,145,755
Total debt	$	1,459,089		$	1,196,102
Senior secured debt (included in Total Debt)	$	-		$	-
Total stockholders' equity	$	958,306		$	950,626
Cash Flow Summary:
Operating cash flow	$	(102,403	)	$	(4,755	)
Depreciation & amortization (a)	$	50,852		$	57,768
Capital expenditures	$	63,960		$	30,890
Business acquisitions	$	-		$	-
Financing activities, net	$	118,986		$	(152,646	)
Cashflow Ratios:
EBITDA (b)	$	(54,361	)	$	3,193
EBITDA (last four qtrs.)	$	326,930		$	332,266
Adjusted EBITDA	$	(55,226	)	$	59,548
Adjusted EBITDA (last four qtrs.)	$	367,132		$	475,763
Key Indicators (as a percentage of net sales):
Gross margin		-2.8	%		3.2	%
Selling, general and administrative expenses		2.8	%		3.0	%
Opertaing income (loss)		-5.6	%		-2.0	%
Interest expense, net		1.4	%		1.7	%
Income (loss) from continuing operations		-6.3	%		-2.8	%
Net income (loss)		-6.3	%		-2.8	%
(a)  Includes amortization of capitalized financing costs of approximately	$	2,243		$	3,780

(b) “EBITDA” is defined as net income (loss) from continuing operations plus interest, income taxes, depreciation and amortization. “Adjusted EBITDA” is defined as the sum of EBITDA plus restructuring charges, reorganization items and loss on early extinguishment of debt less net income attributable to noncontrolling interests. Our method of computation may or may not be comparable to other similarly titled measures used in filings with the SEC by other companies.  See the consolidated statements of income and consolidated statements of cash flows included in our financial statements.  EBITDA is presented because we believe it provides meaningful additional information concerning a company’s operating results and its ability to service long-term debt and to fund its growth, and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results under U.S. Generally Accepted Accounting Principles (GAAP), to compare the performance of companies. We believe investors would be interested in our Adjusted EBITDA because this is how our management analyzes EBITDA from continuing operations. The Company also believes that Adjusted EBITDA, in combination with the Company's financial results calculated in accordance with GAAP, provides investors with additional perspective regarding the impact of certain significant items on EBITDA and facilitates a more direct comparison of its performance with its competitors. EBITDA and Adjusted EBITDA are not measurements of financial performance under GAAP and should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any other measures of performance derived in accordance with GAAP.

Net Income from continuing operations	$	(119,895	)	$	(45,364	)
Add:
Income Tax Expense (benefit)		(9,872	)		(33,304	)
Interest expense, net		26,797			27,873
Depreciation and amortization from continued operations		50,852			57,768
Minus:
Amortization of capitalized financing costs		2,243			3,780
EBITDA	$	(54,361	)	$	3,193
Add:
Restructuring charges, net		-			35,819
Reorganization items, net		-			20,719
Minus:
Net income (loss) attributable to noncontrolling interest		865			183
Adjusted EBITDA	$	(55,226	)	$	59,548

Pilgrim's Pride Corporation

Sales Segments

for Three Months Ended:

Our chicken segment and our sales of other product segment include sales of products that we produce and purchase for resale in the United States and Mexico. Both of these segments conduct separate operations in the United States and Mexico and are reported as two seprarate geographical areas. Our turkey segment includes sales of turkey products produced and purchased for resale. Our turkey operations are exclusively in the United States.

Inter-area sales and inter-segment sales, which are not material, are accounted for at prices comparable to normal trade customer sales. Fixed assets by segment and geographic area are those assets which are used in our operations in each segment or area. Corporate assets are included with chicken and other products. You should read this financial data in conjunction with the appropriate period financial statements and the related notes and "Management's Discussion and Analysis of Results of Operations and Financial Condition" included in our SEC filings.

(in thousands)		3/27/2011			3/28/2010
Net Sales to Customers:
Chicken:
United States		$	1,541,454		$	1,357,019
Mexico			172,938			138,917
	Sub-total		1,714,392			1,495,936
Other Products:
United States			168,824			138,595
Mexico			9,260			8,387
	Sub-total		178,084			146,982
	Total	$	1,892,476		$	1,642,918
Operating Income:
Chicken:
United States		$	(118,981	)	$	(19,269	)
Mexico			1,931			10,636
	Sub-total		(117,050	)		(8,633	)
Other Products:
United States			8,710			10,905
Mexico			1,564			1,146
	Sub-total		10,274			12,051
Restructuring Items, net			-			(35,819	)
	Total	$	(106,776	)	$	(32,401	)
Depreciation and Amortization: (a)
Chicken:
United States		$	42,837		$	51,340
Mexico			2,087			2,254
	Sub-total		44,924			53,594
Other Products:
United States			3,642			4,118
Mexico			43			56
	Sub-total		3,685			4,174
	Total	$	48,609		$	57,768
Total Assets:
Chicken:
United States		$	2,617,771		$	2,360,558
Mexico			395,338			363,320
	Sub-total		3,013,109			2,723,878
Other Products:
United States			174,876			160,682
Mexico			3,930			3,377
	Sub-total		178,806			164,059
	Total	$	3,191,915		$	2,887,937
Capital Expenditures:
Chicken:
United States		$	62,174		$	30,533
Mexico			1,732			11
	Sub-total		63,906			30,544
Other Products:
United States			55			346
Mexico			-			-
Sub-total			55			346
Total		$	63,961		$	30,890
(a)   Includes amortization of capitalized financing costs of approximately		$	2,243		$	3,780