Pilgrim’s Pride posts $106.5M profit for second quarter

GREELEY — Pilgrim’s Pride Corp. (Nasdaq:PPC) on Tuesday reported a profit of $106.5 million, or 43 cents per share, for its second quarter that ended June 29.

The Greeley-based chicken processor had sales of $2.84 billion for the quarter, a 3.1 percent increase compared with the same quarter a year ago.

Pilgrim’s Pride’s chief executive, Bill Lovette, said market conditions during the second quarter were mixed within the company’s U.S. operations, and that operations in Mexico and Europe were strong.

“Despite some volatility in feed and less than ideal market conditions in the commodity chicken…