pilgrim's pride Q1%20FY2008%20Slideshow

Pilgrim's Pride Corporation reported financial results for the first quarter of fiscal year 2008. Net loss per share was $0.49, an improvement from the prior year's pro forma loss of $0.64 per share. Soaring feed costs posed challenges. Strong export demand and low inventories supported pricing gains year-over-year. Net sales increased 12.2% compared to the prior year. Synergies from the Gold Kist acquisition reached $155 million realized to date with a $226 million annual run rate. Long-term debt totaled over $1.3 billion with additional credit facilities available.