Pilgrim’s Pride lags as Nasdaq rallies; margin risk in focus
Pilgrim’s Pride shares fell 1.2% to $28.13 in early afternoon trading Tuesday, underperforming gains in the broader U.S. market. The drop followed first-quarter results showing net sales up 1.6% but GAAP earnings per share down 65.3%. About 430,000 shares traded, with the company’s market cap near $6.7 billion. Investors remain focused on pressured chicken margins after a quiet holiday weekend.