Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators. The company offers a range of products to its customers through national and international distribution channels. Business Strategy The company’s business strategies are to be a valued partner with its primary customers, and strategically improve value added exports. Products and Markets The company’s primary product types are fresh chicken products, prepared chicken products and value-added export chicken products. It sells its fresh chicken products to the foodservice and retail markets. The company’s fresh chicken products consist of refrigerated (nonfrozen) whole or cut-up chicken, either pre-marinated or non-marinated and prepackaged case-ready chicken. Its case-ready chicken includes various combinations of freshly refrigerated, whole chickens and chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer’s fresh meat counter. The company also sells prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties and bone-in chicken parts. These products are sold either refrigerated or frozen and may be fully cooked, partially cooked or raw. In addition, these products are breaded or non-breaded and either pre-marinated or non-marinated. Value-added export and other chicken products primarily consist of whole chickens and chicken parts sold either refrigerated for distributors in the United States (U.S.) or frozen for distribution to export markets. The company sells U.S.-produced chicken products for export to Mexico, the Middle East, Asia, countries within the Commonwealth of Independent States and other world markets. The company’s foodservice market principally consists of chain restaurants, food processors, broad-line distributors and certain other institutions located throughout the continental U.S. Within this market, it services frozen, fresh and corporate accounts. Corporate accounts include further-processed and value-added products supplied to select foodservice customers. The company’s retail market consists primarily of grocery store chains, wholesale clubs and other retail distributors. Its retail market products consist primarily of branded, prepackaged cut-up and whole chicken and chicken parts. The company concentrates its efforts in this market on creating value for its customers through category management and supporting key customers in expanding their private label sales programs. Its consumer products are marketed under the Gold Kist, County Post, Pierce Chicken, Pilgrim’s Pride and Pilgrim’s brands. The company’s export and other chicken market consists primarily of customers who purchase for distribution in the U.S. or for export to Mexico, the Middle East, Asia, countries within the Commonwealth of Independent States and other world markets. The company’s value-added export and other chicken products, with the exception of its exported prepared chicken products, consist of whole chickens and chicken parts sold in bulk, or value-added form, either refrigerated or frozen. The company has expanded its portfolio to provide prepared chicken products tailored for export to the international divisions of its U.S. chain restaurant customers, as well as newly identified customers in regions not previously accessed. Through its relationship with JBS USA Holdings, Inc., the company has developed an international distribution channel focused on growing its tailored export program and expanding value-added products, such as all-vegetable-fed whole griller birds, chicken franks and further processed thigh meat. Sales The company’s sales efforts are targeted towards the foodservice industry, principally chain restaurants and food processors, such as Chick-fil-A and Yum! Brands; distributors, such as US Foods and Sysco; and retail customers, including grocery store chains and wholesale clubs, such as Kroger, Wal-Mart, Costco, Publix, ConAgra Foods, and Sam’s Club. The company sells its products to approximately 5,000 customers. In 2013, the company’s major customer is Wal-Mart Stores, Inc. Regulation The company’s operations are subject to extensive regulation by the Environmental Protection Agency and other state and local authorities relating to handling and discharge of waste water, storm water, air emissions, treatment, storage and disposal of wastes, handling of hazardous substances and remediation of contaminated soil, surface water and groundwater. History Pilgrim’s Pride Corporation was founded in 1946.
pilgrim's pride corp (PPC:NASDAQ GS)
1770 Promontory Circle
Greeley, CO 80634-9038
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