Pilgrim's Pride Corporation
Statistical Management Discussion and Analysis
for quarters ended:
Our Statistical Management Discussion and Analysis data is derived from our
financial statements and internal reports. 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.
03/31/02 12/29/01
United States
Chicken Operations:
U.S. Chicken Sales (000's) $399,813 $402,226
U.S. Chicken Sales divided by
U.S.Chicken Net Pounds
Produced $0.6893 $0.7014
U.S. Chicken
Net Pounds Produced (000's) 580,037 573,464
Other Operations:
Other Sales (000's) 55,158 45,838
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 454,971 448,064
U.S. Chicken & Other
Operating Income (000's) 4,967 9,357
U.S. Chicken & Other Operating
Income as a percent of
U.S. Chicken & Other Sales 1.09% 2.09%
Mexico
Chicken Operations:
Mexico Chicken Sales (000's) 80,376 90,916
Mexico Chicken Sales divided
by Mexico Chicken Net
Pounds Produced $0.6181 $0.6107
Mexico Chicken Operating
Income (000's) (514) 8,471
Mexico Operating Income as a
percent of Mexico
Chicken Sales -0.64% 9.32%
Mexico Net Pounds
Produced (000's) 130,027 148,876
Turkey
U.S. Turkey Sales (000's) 65,406 117,051
U.S. Turkey Sales divided
by U.S. Turkey Net
Pounds Produced $0.5793 $1.0368
U.S. Turkey Operating
Income (000's) (8,825) 5,503
U.S. Turkey Operating Income
as a percent of U.S.
Turkey Sales -13.49% 4.70%
U.S. Turkey Net Pounds
Produced (000's) 112,897 112,896
U.S. Summary
U.S. Sales (000's) 520,377 565,114
U.S. Cost of Sales (000's) 497,296 522,512
U.S. Gross Margin (000's) 23,081 42,603
U.S. Gross Margin as a
percent of U.S. Sales 4.44% 7.54%
U.S. Selling, General and
Administrative Expenses
(000's) 26,940 27,743
U.S. Selling, General and
Administrative Expenses as
a percent of U.S Sales 5.18% 4.91%
U.S. Operating Income (000's) (3,858) 14,860
U.S. Operating Income as a
percent of U.S. Sales -0.74% 2.63%
Consolidated Operations
Chicken Operations:
Chicken Sales from all
Divisions (000's) 480,189 493,142
Chicken Sales from all divisions
divided by Chicken Net
Pounds Produced from all
Divisions $0.6763 $0.6827
Chicken Net Pounds Produced
from all Divisions (000's) 710,064 722,340
Other Operations:
Other Sales (000's) 55,158 45,838
Totals All Operations:
Total Net Sales (000's) 600,753 656,030
Total Cost of Sales (000's) 572,122 598,165
Gross Margin from all
operations (000's) 28,631 57,865
Gross Margin from all operations
as a percent of
Total Net Sales 4.77% 8.82%
Total Selling, General and
Administrative Expenses
(000's) 33,003 34,535
Total Selling, General and
Administrative Expenses as
a percent of Total Net Sales 5.49% 5.26%
Operating Income from all
operations (000's) (4,372) 23,330
Operating Income from all
operations as a percent
of Total Net Sales -0.73% 3.56%
09/29/01 06/30/01 03/31/01 12/30/00
United States
Chicken Operations:
U.S. Chicken Sales (000's) $427,191 $431,572 $359,675 $265,824
U.S. Chicken Sales divided
by U.S.Chicken Net
Pounds Produced $0.7470 $0.7379 $0.7162 $0.7221
U.S. Chicken Net Pounds
Produced (000's) 571,867 584,896 502,173 368,143
Other Operations:
Other Sales (000's) 45,843 45,719 46,569 41,728
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 473,034 477,291 406,243 307,552
U.S. Chicken & Other Operating
Income (000's) 27,700 30,023 2,857 20,631
U.S. Chicken & Other Operating
Income as a percent of U.S.
Chicken & Other Sales 5.86% 6.29% 0.70% 6.71%
Mexico
Chicken Operations:
Mexico Chicken Sales (000's) 79,602 89,752 75,844 78,480
Mexico Chicken Sales divided
by Mexico Chicken Net
Pounds Produced $0.5710 $0.6843 $0.5425 $0.5625
Mexico Chicken Operating
Income (000's) 1,011 13,767 (5,201) 2,580
Mexico Operating Income as a
percent of Mexico Chicken
Sales 1.27% 15.34% -6.86% 3.29%
Mexico Net Pounds Produced
(000's) 139,415 131,152 139,799 139,510
Turkey
U.S. Turkey Sales (000's) 88,615 78,793 59,506 -
U.S. Turkey Sales divided by
U.S. Turkey Net Pounds
Produced $0.7896 $0.7298 $0.7842 -
U.S. Turkey Operating Income
(000's) 2,406 1,697 (2,929) -
U.S. Turkey Operating Income
as a percent of U.S. Turkey
Sales 2.72% 2.15% -4.92% -
U.S. Turkey Net Pounds
Produced (000's) 112,233 107,958 75,879 -
U.S. Summary
U.S. Sales (000's) 561,649 556,084 465,749 307,552
U.S. Cost of Sales (000's) 507,112 499,916 436,038 268,120
U.S. Gross Margin (000's) 54,537 56,168 29,711 39,432
U.S. Gross Margin as a percent
of U.S. Sales 9.71% 10.10% 6.38% 12.82%
U.S. Selling, General and
Administrative Expenses
(000's) 24,431 24,448 29,783 18,801
U.S. Selling, General and
Administrative Expenses as
a percent of U.S Sales 4.35% 4.40% 6.39% 6.11%
U.S. Operating Income (000's) 30,106 31,720 (72) 20,631
U.S. Operating Income as a
percent of U.S. Sales 5.36% 57.00% -0.02% 6.71%
Consolidated Operations
Chicken Operations:
Chicken Sales from all
Divisions (000's) 506,793 521,324 435,519 344,304
Chicken Sales from all divisions
divided by Chicken Net Pounds
Produced from all Divisions $0.7125 $0.7281 $0.6784 $0.6782
Chicken Net Pounds Produced from
all Divisions (000's) 711,282 716,048 641,972 507,653
Other Operations:
Other Sales (000's) 45,843 45,719 46,569 41,728
Totals All Operations:
Total Net Sales (000's) 641,251 645,836 541,593 386,032
Total Cost of Sales (000's) 579,307 570,211 512,377 338,866
Gross Margin from all
operations (000's) 61,944 75,625 29,216 47,166
Gross Margin from all operations
as a percent of Total Net Sales 9.66% 11.71% 5.39% 12.22%
Total Selling, General and
Administrative Expenses
(000's) 30,827 30,138 34,488 23,955
Total Selling, General and
Administrative Expenses as
a percent of Total Net Sales 4.81% 4.67% 6.37% 6.21%
Operating Income from all
operations (000's) 31,117 45,487 (5,272) 23,211
Operating Income from all
operations as a percent of
Total Net Sales 4.85% 7.04% -0.97% 6.01%
09/30/00 07/01/00 04/01/00 01/01/00
United States
Chicken Operations:
U.S. Chicken Sales (000's) 263,549 282,973 253,687 250,178
U.S. Chicken Sales divided by
U.S.Chicken Net Pounds
Produced $0.7173 $0.7187 $0.6624 $0.7140
U.S. Chicken Net Pounds Produced
000's) 367,431 393,755 382,955 350,409
Other Operations:
Other Sales (000's) 36,706 27,940 42,843 34,201
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 300,255 310,913 296,530 284,379
U.S. Chicken & Other Operating
Income (000's) 8,411 12,909 3,502 21,106
U.S. Chicken & Other Operating
Income as a percent of U.S.
Chicken & Other Sales 2.80% 4.15% 1.18% 7.42%
Mexico
Chicken Operations:
Mexico Chicken Sales (000's) 79,121 81,066 76,730 70,446
Mexico Chicken Sales divided by
Mexico Chicken Net Pounds
Produced $0.6092 $0.7053 $0.6742 $0.5577
Mexico Chicken Operating
Income (000's) 7,225 13,439 9,779 4,116
Mexico Operating Income as a
percent of Mexico Chicken
Sales 9.13% 16.58% 12.74% 5.84%
Mexico Net Pounds Produced
(000's) 129,877 114,931 113,805 126,313
Turkey
U.S. Turkey Sales (000's) - - - -
U.S. Turkey Sales divided by
U.S. Turkey Net Pounds Produced - - - -
U.S. Turkey Operating Income (000's) - - - -
U.S. Turkey Operating Income as a
percent of U.S. Turkey Sales - - - -
U.S. Turkey Net Pounds Produced
(000's) - - - -
U.S. Summary
U.S. Sales (000's) 300,255 310,913 296,530 284,379
U.S. Cost of Sales (000's) 273,604 282,676 276,987 247,149
U.S. Gross Margin (000's) 26,651 28,237 19,543 37,230
U.S. Gross Margin as a percent
of U.S. Sales 8.88% 9.08% 6.59% 13.09%
U.S. Selling, General and
Administrative Expenses
(000's) 18,240 15,328 16,041 16,124
U.S. Selling, General and
Administrative Expenses as
a percent of U.S Sales 6.07% 4.93% 5.41% 5.67%
U.S. Operating Income (000's) 8,411 12,909 3,502 21,106
U.S. Operating Income as a percent
of U.S. Sales 2.80% 4.15% 1.18% 7.42%
Consolidated Operations
Chicken Operations:
Chicken Sales from all
Divisions (000's) 342,670 364,039 330,417 320,624
Chicken Sales from all divisions
divided by Chicken Net Pounds
Produced from all Divisions $0.6890 $0.7156 $0.6651 $0.6726
Chicken Net Pounds Produced from
all Divisions (000's) 497,308 508,686 496,760 476,722
Other Operations:
Other Sales (000's) 36,706 27,940 42,843 34,201
Totals All Operations:
Total Net Sales (000's) 379,375 391,979 373,260 354,825
Total Cost of Sales (000's) 339,718 345,314 339,231 309,348
Gross Margin from all operations
(000's) 39,658 46,665 34,029 45,477 Gross Margin from all operations
as a percent of Total Net Sales 10.45% 11.90% 9.12% 12.82%
Total Selling, General and
Administrative Expenses
(000's) 24,022 20,316 20,747 20,255
Total Selling, General and
Administrative Expenses as
a percent of Total Net Sales 6.33% 5.18% 5.56% 5.71%
Operating Income from all
operations (000's) 15,636 26,349 13,282 25,222
Operating Income from all
operations as a percent of
Total Net Sales 4.12% 6.72% 3.56% 7.11%
10/02/99 07/03/99 04/03/99 01/02/99
United States
Chicken Operations:
U.S. Chicken Sales (000's) 249,181 254,794 236,673 222,848
U.S. Chicken Sales divided by
U.S.Chicken Net Pounds
Produced $0.7220 $0.7317 $0.6953 $0.6517
U.S. Chicken Net Pounds
Produced (000's) 345,141 348,232 340,387 341,931
Other Operations:
Other Sales (000's) 32,151 26,461 36,690 44,105
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales & Other Sales
(000's) 281,332 281,255 273,363 266,953
U.S. Chicken & Other Operating
Income (000's) 25,619 22,076 21,741 18,741
U.S. Chicken & Other Operating
Income as a percent of U.S.
Chicken & Other Sales 9.11% 7.85% 7.95% 7.02%
Mexico
Chicken Operations:
Mexico Chicken Sales (000's) 65,929 62,905 56,531 69,134
Mexico Chicken Sales divided by
Mexico Chicken Net Pounds
Produced $0.5193 $0.5984 $0.5773 $0.5458
Mexico Chicken Operating
Income (000's) 3,195 7,136 3,551 7,445
Mexico Operating Income as a
percent of Mexico Chicken
Sales 4.85% 11.34% 6.28% 10.77%
Mexico Net Pounds Produced
(000's) 126,948 105,117 97,927 126,657
Turkey
U.S. Turkey Sales (000's) - - - -
U.S. Turkey Sales divided by U.S.
Turkey Net Pounds Produced - - - -
U.S. Turkey Operating Income (000's) - - - -
U.S. Turkey Operating Income as a
percent of U.S. Turkey Sales - - - -
U.S. Turkey Net Pounds Produced (000's)- - - -
U.S. Summary
U.S. Sales (000's) 281,332 281,255 273,363 266,953
U.S. Cost of Sales (000's) 242,313 243,018 234,533 234,667
U.S. Gross Margin (000's) 39,019 38,236 38,830 32,287
U.S. Gross Margin as a percent
of U.S. Sales 13.87% 13.59% 14.20% 12.09%
U.S. Selling, General and
Administrative Expenses(000's) 13,399 16,160 17,089 13,545
U.S. Selling, General and
Administrative Expenses as a
percent of U.S Sales 4.76% 5.75% 6.25% 5.07%
U.S. Operating Income (000's) 25,619 22,076 21,741 18,741
U.S. Operating Income as a percent
of U.S. Sales 9.11% 7.85% 7.95% 7.02%
Consolidated Operations
Chicken Operations:
Chicken Sales from all Divisions
(000's) 315,110 317,699 293,204 291,983
Chicken Sales from all divisions
divided by Chicken Net Pounds
Produced from all Divisions $0.6675 $0.7008 $0.6689 $0.6231
Chicken Net Pounds Produced from
all Divisions (000's) 472,089 453,349 438,314 468,588
Other Operations:
Other Sales (000's) 32,151 26,461 36,690 44,105
Totals All Operations:
Total Net Sales (000's) 347,261 344,160 329,894 336,088
Total Cost of Sales (000's) 301,131 294,745 283,632 292,187
Gross Margin from all operations
(000's) 46,131 49,415 46,262 43,900
Gross Margin from all operations
as a percent of Total Net Sales 13.28% 14.36% 14.02% 13.06%
Total Selling, General and
Administrative Expenses (000's)17,316 20,203 20,970 17,715
Total Selling, General and
Administrative Expenses as a
percent of Total Net Sales 4.99% 5.87% 6.36% 5.27%
Operating Income from all
operations (000's) 28,814 29,212 25,292 26,186
Operating Income from all
operations as a percent of
Total Net Sales 8.30% 8.49% 7.67% 7.79%
09/26/98 06/27/98 03/28/98 12/27/97
United States
Chicken Operations:
U.S. Chicken Sales (000's) 243,772 228,719 218,268 218,634
U.S. Chicken Sales divided by
U.S.Chicken Net Pounds
Produced $0.7828 $0.7196 $0.6908 $0.6816
U.S. Chicken Net Pounds
Produced( 000's) 311,428 317,849 315,948 320,773
Other Operations:
Other Sales (000's) 34,391 32,656 36,074 40,942
U.S. Chicken Sales &
Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 278,163 261,375 254,342 259,576
U.S. Chicken & Other
Operating Income (000's) 22,266 8,434 3,104 2,473
U.S. Chicken & Other
Operating Income as a
percent of U.S.
Chicken & Other Sales 8.00% 3.23% 1.22% 0.95%
Mexico
Chicken Operations:
Mexico Chicken Sales(000's) 62,548 67,125 70,104 78,311
Mexico Chicken Sales
divided by Mexico
Chicken Net Pounds
Produced $0.6789 $0.7269 $0.6922 $0.6803
Mexico Chicken Operating Income
(000's) 9,178 10,608 8,294 12,898
Mexico Operating
Income as a percent
of Mexico Chicken Sales 14.67% 15.80% 11.83% 16.47%
Mexico Net Pounds
Produced (000's) 92,135 92,350 101,276 115,118
Turkey
U.S. Turkey Sales(000's) - - - -
U.S. Turkey Sales divided by U.S.
Turkey Net Pounds Produced - - - -
U.S. Turkey Operating
Income (000's) - - - -
U.S. Turkey Operating
Income as a percent of U.S.
Turkey Sales - - - -
U.S. Turkey Net Pounds Produced (000's) - - - -
U.S. Summary
U.S. Sales (000's) 278,163 261,375 254,342 259,576
U.S. Cost of Sales (000's) 244,055 241,956 239,915 246,985
U.S. Gross Margin (000's) 34,108 19,419 14,427 12,591
U.S. Gross Margin as a percent of
U.S. Sales 12.26% 7.43% 5.67% 4.85%
U.S. Selling, General and Administrative
Expenses (000's) 11,842 10,985 11,323 10,118
U.S. Selling, General
and Administrative Expenses as a
percent of U.S Sales 4.26% 4.20% 4.45% 3.90%
U.S. Operating Income (000's) 22,266 8,434 3,104 2,473
U.S. Operating Income
as a percent of U.S. Sales 8.00% 3.23% 1.22% 0.95%
Consolidated
Operations
Chicken Operations:
Chicken Sales from all Divisions
(000's) 306,320 295,844 288,372 296,945
Chicken Sales from all divisions
divided by Chicken Net Pounds
Produced from all Divisions $0.7590 $0.7212 $0.6912 $0.6812
Chicken Net Pounds Produced from
all Divisions (000's) 403,563 410,199 417,224 435,891
Other Operations:
Other Sales (000's) 34,391 32,656 36,074 40,942
Totals All
Operations:
Total Net Sales(000's) 340,711 328,500 324,446 337,887
Total Cost of Sales (000's) 293,586 295,764 297,585 308,507
Gross Margin from all operations
(000's) 47,125 32,736 26,861 29,380
Gross Margin from all operations as a
percent of Total Net Sales 13.83% 9.97% 8.28% 8.70%
Total Selling, General and Administrative
Expenses (000's) 15,681 13,694 15,463 14,009
Total Selling, General and Administrative
Expenses as a percent of Total
Net Sales 4.60% 4.17% 4.77% 4.15%
Operating Income from all operations
(000's) 31,444 19,042 11,398 15,371
Operating Income from all operations
as a percent of Total Net Sales 9.23% 5.80% 3.51% 4.55%
09/27/97 6/28/97 03/29/97 12/28/96
United States
Chicken Operations:
U.S. Chicken Sales (000's) 233,779 227,111 204,128 193,147
U.S. Chicken Sales divided by
U.S.Chicken Net Pounds Produced $0.7017 $0.6926 $0.7090 $0.7163
U.S. Chicken Net Pounds Produced
(000's) 333,184 327,928 287,915 269,655
Other Operations:
Other Sales (000's) 34,382 33,619 38,095 38,391
U.S. Chicken Sales &
Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 268,161 260,730 242,223 231,538
U.S. Chicken & Other Operating
Income (000's) 10,300 4,622 4,031 10,369
U.S. Chicken & Other Operating Income
as a percent of U.S. Chicken &
Other Sales 3.84% 1.77% 1.66% 4.48%
Mexico
Chicken Operations:
Mexico Chicken Sales (000's) 73,113 74,438 61,178 66,268
Mexico Chicken Sales divided by Mexico
Chicken Net Pounds Produced $0.6612 $0.6916 $0.5959 $0.6538
Mexico Chicken Operating Income
(000's) 14,993 8,005 5,630 5,945
Mexico Operating Income as a percent
of Mexico Chicken Sales 20.51% 10.75% 9.20% 8.97%
Mexico Net Pounds Produced (000's)110,570 107,635 102,663 101,357
Turkey
U.S. Turkey Sales(000's) - - - -
U.S. Turkey Sales divided by U.S.
Turkey Net Pounds Produced - - - -
U.S. Turkey Operating Income (000's) - - - -
U.S. Turkey Operating Income as a percent
of U.S. Turkey Sales - - - -
U.S. Turkey Net Pounds Produced (000's) - - - -
U.S. Summary
U.S. Sales (000's) 268,161 260,730 242,223 231,538
U.S. Cost of Sales (000's) 253,014 244,820 227,462 210,213
U.S. Gross Margin (000's) 15,147 15,910 14,761 21,325
U.S. Gross Margin as a percent of U.S.
Sales 5.65% 6.10% 6.09% 9.21%
U.S. Selling, General and Administrative
Expenses (000's) 4,847 11,288 10,730 10,956
U.S. Selling, General and Administrative
Expenses as a percent of
U.S Sales 1.81% 4.33% 4.43% 4.73%
U.S. Operating Income(000's) 10,300 4,622 4,031 10,369
U.S. Operating Income as a percent of U.S.
Sales 3.84% 1.77% 1.66% 4.48%
Consolidated Operations
Chicken Operations:
Chicken Sales from all Divisions
(000's) 306,892 301,549 265,306 259,415
Chicken Sales from all divisions divided
by Chicken Net Pounds Produced from all
Divisions $0.6916 $0.6923 $0.6793 $0.6992
Chicken Net Pounds Produced from all
Divisions (000's) 443,754 435,563 390,578 371,012
Other Operations:
Other Sales (000's) 34,382 33,619 38,095 38,391
Totals All Operations:
Total Net Sales (000's) 341,274 335,168 303,401 297,806
Total Cost of Sales (000's) 307,414 307,883 280,316 267,539
Gross Margin from all operations
(000's) 33,860 27,285 23,085 30,267
Gross Margin from all operations as a
percent of Total Net Sales 9.92% 8.14% 7.61% 10.16%
Total Selling, General and Administrative
Expenses (000's) 8,567 14,658 13,425 13,953
Total Selling, General and Administrative
Expenses as a percent of Total
Net Sales 2.51% 4.37% 4.42% 4.69%
Operating Income from all operations
(000's) 25,293 12,627 9,660 16,314
Operating Income from all operations
as a percent of Total Net Sales 7.41% 3.77% 3.18% 5.48%
(a) The acquisition of WLR Foods has been accounted for as a purchase,
and the results of operations for this acquisition have been included in
our consolidated results of operations since January 27, 2001, the
acquisition date.