Pilgrim's Pride Endures Rising Costs, Tough Poultry Market in 2011, Looks Forward to Export Growth in 2012, an Industrial Info News Alert

Monday, February 20, 2012 7:10 AM

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SUGAR LAND, TX -- (Marketwire) -- 02/20/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Pilgrim's Pride Corporation (NYSE:PCC) (Greeley, Colorado), a leading North American chicken-processing and prepared-foods company, reported net losses for fourth-quarter and full-year 2011 as costs unexpectedly accelerated throughout the year and the poultry industry suffered numerous setbacks. The company reported a net loss of $85.36 million for the quarter, compared with net income of $41.84 million in fourth-quarter 2010, and a net loss of $496.77 million for the year, compared with net income of $87.14 million in 2010.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle?, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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Contact:
Joe Govreau
713-783-5147

(Source: Market Wire )
(Source: Quotemedia)

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