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Pilgrim's BARE Goldin Chicken Plump DelDia DEVOCION POR EL SABOR to - ricos Moy park Pilgrim's Pride Reports Q1 Net Sales of $ 3.27 billion , Operating Income of $ 158.5 million and GAAP EPS of $ 0.41 GREELEY , Colo . , April 28 , 2021 ( GLOBE NEWSWIRE ) - Pilgrim's Pride Corporation ( NASDAQ : PPC ) reports first quarter 2021 financial results . First Quarter Highlights • Net Sales of $ 3.27 billion . • • GAAP Net Income of $ 100.2 million . Adjusted Net Income of $ 103.0 million or adjusted EPS of $ 0.42 . Consolidated Operating Income margin of 4.8 % with Operating Income margins of 3.4 % in U.S. , 19.0 % in Mexico and 1.2 % in Europe . Adjusted EBITDA of $ 253.8 million , or a 7.8 % margin , 53.4 % higher than a year ago . Throughout the global COVID - 19 pandemic , we remain guided by our principles of an uncompromising commitment to the safety of our team members , our duty to provide quality food globally , and our responsibility to provide continued employment opportunities and benefits for our team during these unprecedented times . Strong focus in execution and dedication by our team members , supported by our portfolio strategy of differentiated products , strong Key Customer relationships , and diversified global operations have helped us to mitigate challenging market conditions due to COVID - 19 and improve the resiliency in our results . Demand in U.S. continues to recover , with our foodservice business improving while Retail and QSR business maintaining strength despite higher input and operating costs , volume disruptions because of weather events , and less than optimal mix due to significant labor shortages . Commodity large bird deboning experienced a rapid increase in prices throughout the quarter , achieving the largest improvement relative to Q1 a year ago . Mexico maintained the strength from the second half of 2020. Strong execution , improved overall economic conditions , better supply / demand balance , and our increased share of non - commodity products contributed to the strength . Our combined European business continues to achieve operational improvements , offsetting high feed costs , not yet reflected in prices , lower year - over - year foodservice volume due to lockdowns , and COVID - 19 mitigation costs . Our commitment to achieve net - zero GHG emissions by 2040 demonstrates our leadership in ESG as a responsible steward of the environment and a good corporate citizen . In support , last month we successfully issued a $ 1 billion sustainability - linked bond tied to efforts to reduce greenhouse gas emission intensity across our global operations . The bond is the first of its kind to be issued by a global meat and poultry company , and aligns with our vision to be the best and most respected company in our industry . 1