Pilgrim's Pride reports first quarter loss, higher sales

摘要

A spike in feed costs com-rnInc. acquisition widened the loss for Pilgrim's Pride Corp. during the first quarter of fiscal 2008 compared to the same period during fiscal 2007. For the first quarter, ended Dec. 29, the company reported a loss of $32,329,000, compared to a loss of $8,736,000 for the first quarter of fiscal 2007. Sales for 2008 were $2,093,211,000 compared to $1,337,132,000 for 2007.rnbined with the full integration of the Gold Kist,rn"Our results in the first quarter of fiscal 2008 reflect the significant challenge posed by higher feed-ingredient costs, which have climbed sharply over the past few months and currently show no signs of abating in 2008," said Ken Pilgrim, chairman and interim president of rnPilgrim's Pride.