SOURCE: Industrial Info Resources

Industrial Info Resources

February 20, 2012 07:10 ET

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

SUGAR LAND, TX--(Marketwire - Feb 20, 2012) - 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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