1253 ET - Shares of Pilgrim's Pride, the second largest U.S. chicken processor, fell about 14% on after not meeting analyst profit expectations for the quarter. The company posted a first-quarter profit of $296 million, higher than a year ago, but shy of what Wall Street analysts were expecting. Pilgrim's stock is still up more than 30% over the past 12 months. Chicken companies have broadly been benefiting from lower feed costs and increased demand from consumers over the past year. "Chicken is winning in retail because of the movement of food-away-from-home to food-at-home, but also gaining traction in foodservice with menu penetration and more promotional activities," said CEO Fabio Sandri on a call with analysts. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 12:53 ET (16:53 GMT)
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