Chicken market strength supports Pilgrim's bottom line

Chicken market strength supports Pilgrim's bottom line

Pilgrim's benefits from low feed costs, new investments and strong chicken market.

PILGRIM'S Pride Corp. reported that third-quarter earnings for 2014 surged 59% over the same quarter in 2013 as a result of a strong chicken market and lower feed costs.

Earnings in the third quarter of 2014 were reported at $256 million, or 99 cents per share. In addition, net sales surged to $2.27 billion, compared to $2.14 billion for the 2013 third quarter.

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