Pilgrim's Pride reports Q4 net income

Pilgrim's Pride Corporation has reported net income attributable to the company of $22.77 million, or $0.09 per share, for the fourth quarter ended December 30, 2012, compared to a net loss attributable to the company of $85.35 million, or $0.40 loss per share, for the same quarter ended December 25, 2011.

Net sales for the fourth quarter ended December 30, 2012 were $2.19 billion, compared to $1.83 billion, for the same quarter ended December 25, 2011.

Net income attributable to the company for the year ended December 30, 2012 was $174.23 million, or $0.70 per share, compared to a net loss attributable to the company of $496.77 million, or $2.21 loss per share, for the year ended December 25, 2011.

Net sales for the year ended December 30, 2012 were $8.12 billion, compared to $7.53 billion, for the year ended December 25, 2011.

"The results achieved in 2012 point to a determined and disciplined execution of the strategy we implemented over a year and half ago. Through our team members' efforts, we have improved our competitive position significantly over the past two years and we believe we are well positioned for that to continue," stated Bill Lovette, Pilgrim's CEO.