Pilgrim’s Pride reports 16.8% revenue growth for third quarter

GREELEY — Poultry company Pilgrim’s Pride Corp. (Nasdaq: PPC) experienced 16.8% revenue growth for the third quarter of 2022, the company reported Thursday. That represents an increase to $4.46 billion from $3.82 billion in the third quarter of 2021.

Net income also grew substantially, 325% to $258 million from $60.7 million in the third quarter of 2021.

“Our strong performance in the U.S. highlights the strength and effectiveness of our strategy,” Pilgrim’s Pride CEO Fabio Sandri said in a statement. “Our diversified portfolio offerings across multiple bird sizes helps mitigate volatility, whereas our key customer relationships cultivated profitable growth for all involved.…