Earnings for Pilgrim's during the second quarter of 2013 more than doubled when compared to the second quarter of 2012, as the processor experienced a jump from $125.1 million to $264.6 million. Earnings for Pilgrim's and other financial results for the second quarter were reported by the company on August 1.
Pilgrim's also saw improved year-over-year results for net income and net sales. Net income for Pilgrim's during the quarter was $190.7 million, reflecting a 175 percent improvement when compared to the same period of 2012. Net sales for Pilgrim's came in at $2.2 billion for the quarter, a leap from the $2 billion recorded in the second quarter of 2012.
"Our second-quarter results continue to validate our strategy. Our focus on our key customers and ability to adapt to changing market conditions has helped us gain significant business in strategic channels to improve our sales mix, enabling us to take advantage of strong industry fundamentals," said Bill Lovette, chief executive officer of Pilgrim's. "We continue to reap the benefits of operational excellence in areas of yield improvements and plant cost and efficiency gains."