SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 14, 2003
PILGRIM'S PRIDE CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-9273 75-1285071
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
110 SOUTH TEXAS STREET
PITTSBURG, TEXAS 75686-0093
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code: (903) 855-1000
ITEM 9. REGULATION FD DISCLOSURE
Attached hereto as Exhibit 99.1 is certain supplemental historical
financial information of Pilgrim's Pride Corporation, including quarterly
information regarding net sales by primary market line.
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Supplemental Historical Financial Information
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
PILGRIM'S PRIDE CORPORATION
Date: January 14, 2003 By: /s/ Richard A. Cogdill
Richard A. Cogdill
Executive Vice President,
Chief Financial Officer,
Secretary and Treasurer
Pilgrim's Pride Corporation
Statistical Management Discussion and Analysis
for quarters ended:
Our Statistical Management Discussion and Analysis data is derived from our financial statements and
internal reports. Historical results should not be taken as necessarily indicative of the results that may
be expected for any future period. You should read this financial data in conjunction with the appropriate
period financial statements and the related notes and "Management's Discussion and Analysis of Results of
Operations and Financial Condition" included in our SEC filings.
Quarters Ended
12/28/02 09/28/02 06/29/02 03/30/02 12/29/01 09/29/01 06/30/01 03/31/01 12/30/00
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United States
Chicken Operations:
U.S. Chicken
Sales (000's) $390,034 $417,387 $427,325 $398,608 $405,738 $427,191 $422,985 $356,341 $265,824
U.S. Chicken
Sales divided
by U.S.Chicken
Net Pounds
Produced $0.6617 $0.6883 $0.6934 $0.6872 $0.7075 $0.7470 $0.7232 $0.7096 $0.7221
U.S. Chicken
Net Pounds
Produced (000's) 589,433 606,383 616,274 580,037 573,464 571,867 584,896 502,173 368,143
Other Operations:
Other Sales(000's) 48,523 52,846 48,330 49,543 42,972 45,843 45,719 46,568 41,725
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales &
Other Sales(000's)438,557 470,233 475,655 448,151 448,710 473,034 468,704 402,909 307,552
U.S. Chicken & Other Operating
Income (000's) 6,052 4,507 15,100 3,701 9,355 27,700 27,971 1,795 20,631
U.S. Chicken & Other Operating Income as a
percent of U.S. Chicken & Other
Sales 1.38% 0.96% 3.17% 0.83% 2.08% 5.86% 5.97% 0.45% 6.71%
Mexico Chicken Operations:
Mexico Chicken
Sales (000's)(c) 88,092 81,260 80,308 75,674 86,528 76,054 84,078 70,447 72,853
Mexico Chicken Sales divided
by Mexico Chicken Net Pounds
Produced $0.5898 $0.5984 $0.6177 $0.5820 $0.5812 $0.5455 $0.6411 $0.5039 $0.5222
Mexico Other Operations:
Mexico Other
Sales (000's) (c) 6,377 5,494 4,498 4,702 4,388 3,548 5,674 5,397 5,627
Mexico Chicken
Operating
Income (000's) 6,214 3,276 5,830 (514) 8,471 1,011 13,767 (5,201) 2,580
Mexico Operating Income
as a percent of Mexico
Chicken Sales 6.58% 3.78% 6.88% -0.64% 9.32% 1.27% 15.34% -6.86% 3.29%
Mexico Net Pounds
Produced (000's) 149,356 135,789 130,011 130,027 148,876 139,415 131,152 139,799 139,510
Turkey
U.S. Turkey Sales
(000's) 94,379 82,832 76,656 72,226 116,404 88,615 87,380 62,840 -
U.S. Turkey Sales divided
by U.S. Turkey Net Pounds
Produced $0.9047 $0.8353 $0.7304 $0.6222 $1.0311 $0.7896 $0.7875 $0.8282 -
U.S. Turkey Operating
Income (000's) (1,925) (10,883) (6,884) (7,559) 5,503 2,406 3,750 (1,867) -
U.S. Turkey Operating
Income as a percent of U.S.
Turkey Sales -2.04% -13.14% -8.98% -10.47% 4.73% 2.72% 4.29% -2.97% -
U.S. Turkey Net Pounds
Produced (000's) 104,321 99,165 104,946 116,074 112,896 112,233 110,958 75,879 -
U.S. Summary
U.S. Sales (000's) 532,936 553,065 552,311 520,377 565,114 561,649 556,084 465,749 307,552
U.S. Cost of
Sales (000's) 502,796 531,295 516,978 497,296 522,513 507,112 499,916 436,038 268,120
U.S. Gross
Margin (000's) 30,140 21,770 35,333 23,081 42,601 54,537 56,168 29,711 39,432
U.S. Gross Margin as a
percent of U.S.
Sales 5.66% 3.94% 6.40% 4.44% 7.54% 9.71% 10.10% 6.38% 12.82%
U.S. Selling, General and
Administrative Expenses
(000's) 26,013 28,146 27,117 26,939 27,743 24,431 24,448 29,783 18,801
U.S. Selling, General and
Administrative Expenses as a
percent of U.S
Sales 4.88% 5.09% 4.91% 5.18% 4.91% 4.35% 4.40% 6.39% 6.11%
U.S. Operating
Income (000's) 4,127 (6,376) 8,216 (3,858) 14,858 30,106 31,720 (72) 20,631
U.S. Operating Income as a
percent of U.S.
Sales 0.77% -1.15% 1.49% -0.74% 2.63% 5.36% 5.70% -0.02% 6.71%
Consolidated Operations
Chicken Operations:
Chicken Sales from all
Divisions
(000's)(c) 478,126 498,647 507,632 474,282 492,266 503,245 507,063 426,788 338,677
Chicken Sales from all
divisions divided by Chicken
Net Pounds Produced from
all Divisions $0.6472 $0.6719 $0.6802 $0.6679 $0.6815 $0.7075 $0.7081 $0.6648 $0.6671
Chicken Net Pounds Produced
from all Divisions
(000's) 738,789 742,172 746,285 710,064 722,340 711,282 716,048 641,972 507,653
Other Operations:
Other Sales
(000's)(c) 54,900 58,340 52,828 54,245 47,360 49,391 51,393 51,965 47,352
Totals All Operations:
Total Net Sales
(000's) 627,405 639,819 637,116 600,753 656,030 641,251 645,836 541,593 386,032
Total Cost of
Sales (000's) 585,019 608,148 590,116 572,122 598,166 579,307 570,211 512,377 338,866
Gross Margin from all
operations
(000's) 42,386 31,671 47,000 28,631 57,864 61,944 75,625 29,216 47,166
Gross Margin from all
operations as a percent of
Total Net Sales 6.76% 4.95% 7.38% 4.77% 8.82% 9.66% 11.71% 5.39% 12.22%
Total Selling, General and Administrative
Expenses (000's) 32,045 34,771 32,954 33,003 34,535 30,827 30,138 34,488 23,955
Total Selling, General and Administrative
Expenses as a percent of Total
Net Sales 5.11% 5.43% 5.17% 5.49% 5.26% 4.81% 4.67% 6.37% 6.21%
Operating Income from all
operations(000's) 10,341 (3,100) 14,046 (4,372) 23,329 31,117 45,487 (5,272) 23,211
Operating Income from all
operations as a percent of
Total Net Sales 1.65% -0.48% 2.20% -0.73% 3.56% 4.85% 7.04% -0.97% 6.01%
(a) The acquisition of WLR Foods has been accounted for as a purchase, and the results of operations
for this acquisition have been included in our consolidated results of operations since January 27,
2001, the acquisition date.
(b) 14 week Quarter.
(c) Certain items previously classified under Mexico have been reclassified under sale of other
products-Mexico. Amounts reclassified by
quarter were: $- $123 $- $- $- $7 $10 $10 $10
Quarters Ended
09/30/00 07/01/00 04/01/00 01/01/00 10/02/99 07/03/99 04/03/99 01/02/99(b)
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United States
Chicken Operations:
U.S. Chicken
Sales (000's) $263,549 $282,973 $253,687 $250,178 $249,181 $254,794 $236,673 $222,848
U.S. Chicken Sales divided
by U.S.Chicken Net Pounds
Produced $0.7173 $0.7187 $0.6624 $0.7140 $0.7220 $0.7317 $0.6953 $0.6517
U.S. Chicken Net Pounds
Produced (000's) 367,431 393,755 382,955 350,409 345,141 348,232 340,387 341,931
Other Operations:
Other Sales (000's) 36,706 27,940 42,843 34,201 32,151 26,461 36,690 44,105
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 300,255 310,913 296,530 284,379 281,332 281,255 273,363 266,953
U.S. Chicken & Other Operating
Income (000's) 8,411 12,909 3,502 21,106 25,619 22,076 21,741 18,741
U.S. Chicken & Other Operating
Income as a percent of U.S. Chicken &
Other Sales 2.80% 4.15% 1.18% 7.42% 9.11% 7.85% 7.95% 7.02%
Mexico
Chicken Operations:
Mexico Chicken
Sales (000's)(c) 73,176 75,686 71,804 64,939 60,244 57,870 51,805 63,613
Mexico Chicken Sales divided
by Mexico Chicken Net Pounds
Produced $0.5634 $0.6585 $0.6309 $0.5141 $0.4746 $0.5505 $0.5290 $0.5022
Mexico Other Operations:
Mexico Other
Sales (000's)(c) 5,945 5,380 4,926 5,507 5,685 5,035 4,726 5,522
Mexico Chicken Operating
Income (000's) 7,225 13,439 9,779 4,116 3,195 7,136 3,551 7,445
Mexico Operating Income as a
percent of Mexico Chicken
Sales 9.13% 16.58% 12.74% 5.84% 4.85% 11.34% 6.28% 10.77%
Mexico Net Pounds
Produced (000's) 129,877 114,931 113,805 126,313 126,948 105,117 97,927 126,657
Turkey
U.S. Turkey
Sales (000's) - - - - - - - -
U.S. Turkey Sales divided
by U.S. Turkey Net Pounds
Produced - - - - - - - -
U.S. Turkey Operating
Income (000's) - - - - - - - -
U.S. Turkey Operating
Income as a percent of U.S.
Turkey Sales - - - - - - - -
U.S. Turkey Net Pounds
Produced (000's) - - - - - - - -
U.S. Summary
U.S. Sales (000's) 300,255 310,913 296,530 284,379 281,332 281,255 273,363 266,953
U.S. Cost of
Sales (000's) 273,604 282,676 276,987 247,149 242,313 243,018 234,533 234,667
U.S. Gross
Margin (000's) 26,651 28,237 19,543 37,230 39,019 38,236 38,830 32,287
U.S. Gross Margin as a
percent of
U.S. Sales 8.88% 9.08% 6.59% 13.09% 13.87% 13.59% 14.20% 12.09%
U.S. Selling, General and
Administrative Expenses
(000's) 18,240 15,328 16,041 16,124 13,399 16,160 17,089 13,545
U.S. Selling, General and
Administrative Expenses as a
percent of
U.S Sales 6.07% 4.93% 5.41% 5.67% 4.76% 5.75% 6.25% 5.07%
U.S. Operating
Income (000's) 8,411 12,909 3,502 21,106 25,619 22,076 21,741 18,741
U.S. Income as a
percent of U.S.
Sales 2.80% 4.15% 1.18% 7.42% 9.11% 7.85% 7.95% 7.02%
Consolidated Operations
Chicken Operations:
Chicken Sales from all
Divisions (000's) 336,725 358,659 325,491 315,117 309,425 312,664 288,478 286,461
Chicken Sales from all
divisions divided by
Chicken Net Pounds Produced
from all Divisions$0.6771 $0.7051 $0.6552 $0.6610 $0.6554 $0.6897 $0.6582 $0.6113
Chicken Net Pounds Produced
from all
Divisions (000's) 497,308 508,686 496,760 476,722 472,089 453,349 438,314 468,588
Other Operations:
Other Sales (000's) 42,651 33,320 47,769 39,708 37,836 31,496 41,416 49,627
Totals All Operations:
Total Net Sales
(000's) 379,375 391,979 373,260 354,825 347,261 344,160 329,894 336,088
Total Cost of
Sales (000's) 339,718 345,314 339,231 309,348 301,131 294,745 283,632 292,187
Gross Margin from all
operations (000's) 39,658 46,665 34,029 45,477 46,131 49,415 46,262 43,900
Gross Margin from all
operations as a percent of
Total Net Sales 10.45% 11.90% 9.12% 12.82% 13.28% 14.36% 14.02% 13.06%
Total Selling, General and
Administrative Expenses
(000's) 24,022 20,316 20,747 20,255 17,316 20,203 20,970 17,715
Total Selling, General and
Administrative Expenses as a
percent of Total
Net Sales 6.33% 5.18% 5.56% 5.71% 4.99% 5.87% 6.36% 5.27%
Operating Income from all
operations (000's) 15,636 26,349 13,282 25,222 28,814 29,212 25,292 26,186
Operating Income from all
operations as a percent of
Total Net Sales 4.12% 6.72% 3.56% 7.11% 8.30% 8.49% 7.67% 7.79%
(a) The acquisition of WLR Foods has been accounted for as a purchase, and the results of operations
for this acquisition have been included in our consolidated results of operations since January 27,
2001, the acquisition date.
(b) 14 week Quarter.
(c) Certain items previously classified under Mexico have been reclassified under sale of other
products-Mexico. Amounts reclassified by quarter
were: $146 $132 $122 $135 $- $- $- $-
Quarters Ended
09/26/98 06/27/98 03/28/98 12/27/97 09/27/97 06/28/97 03/29/97 12/28/96
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United States
Chicken Operations:
U.S. Chicken
Sales (000's) $243,772 $228,719 $218,268 $218,634 $233,779 $227,111 $204,128 $193,147
U.S. Chicken Sales divided
by U.S.Chicken Net Pounds
Produced $0.7828 $0.7196 $0.6908 $0.6816 $0.7017 $0.6926 $0.7090 $0.7163
U.S. Chicken Net Pounds
Produced (000's) 311,428 317,849 315,948 320,773 333,184 327,928 287,915 269,655
Other Operations:
Other Sales (000's) 34,391 32,656 36,074 40,942 34,382 33,619 38,095 38,391
U.S. Chicken Sales & Other Sales Totals:
U.S. Chicken Sales & Other
Sales (000's) 278,163 261,375 254,342 259,576 268,161 260,730 242,223 231,538
U.S. Chicken & Other Operating
Income (000's) 22,266 8,434 3,104 2,473 10,300 4,622 4,031 10,369
U.S. Chicken & Other Operating
Income as a percent of U.S.
Chicken &
Other Sales 8.00% 3.23% 1.22% 0.95% 3.84% 1.77% 1.66% 4.48%
Mexico
Chicken Operations:
Mexico Chicken
Sales (000's)(c) 55,508 59,945 63,333 78,311 73,113 74,438 61,178 66,268
Mexico Chicken Sales divided
by Mexico Chicken Net
Pounds Produced $0.6025 $0.6491 $0.6253 $0.6803 $0.6612 $0.6916 $0.5959 $0.6538
Mexico Other Operations:
Mexico Other
Sales (000's) (c) 7,040 7,180 6,771 7,823
Mexico Chicken Operating
Income (000's) 9,178 10,608 8,294 12,898 14,993 8,005 5,630 5,945
Mexico Operating Income as a
percent of Mexico Chicken
Sales 14.67% 15.80% 11.83% 16.47% 20.51% 10.75% 9.20% 8.97%
Mexico Net Pounds Produced
(000's) 92,135 92,350 101,276 115,118 110,570 107,635 102,663 101,357
Turkey
U.S. Turkey
Sales (000's) - - - - - - - -
U.S. Turkey Sales divided
by U.S. Turkey Net Pounds
Produced - - - - - - - -
U.S. Turkey Operating
Income (000's) - - - - - - - -
U.S. Turkey Operating
Income as a percent of U.S.
Turkey Sales - - - - - - - -
U.S. Turkey Net Pounds
Produced (000's) - - - - - - - -
U.S. Summary
U.S. Sales (000's) 278,163 261,375 254,342 259,576 268,161 260,730 242,223 231,538
U.S. Cost of
Sales (000's) 244,055 241,956 239,915 246,985 253,014 244,820 227,462 210,213
U.S. Gross
Margin (000's) 34,108 19,419 14,427 12,591 15,147 15,910 14,761 21,325
U.S. Gross Margin as a
percent of
U.S. Sales 12.26% 7.43% 5.67% 4.85% 5.65% 6.10% 6.09% 9.21%
U.S. Selling, General and
Administrative Expenses
(000's) 11,842 10,985 11,323 10,118 4,847 11,288 10,730 10,956
U.S. Selling, General and
Administrative Expenses as a
percent of U.S
Sales 4.26% 4.20% 4.45% 3.90% 1.81% 4.33% 4.43% 4.73%
U.S. Operating Income
(000's) 22,266 8,434 3,104 2,473 10,300 4,622 4,031 10,369
U.S. Operating Income as a
percent of U.S.
Sales 8.00% 3.23% 1.22% 0.95% 3.84% 1.77% 1.66% 4.48%
Consolidated Operations
Chicken Operations:
Chicken Sales from all
Divisions (000's) 299,280 288,664 281,601 289,122 306,892 301,549 265,306 259,415
Chicken Sales from all
divisions divided by
Chicken Net Pounds
Produced from all
Divisions $0.7416 $0.7037 $0.6749 $0.6633 $0.6916 $0.6923 $0.6793 $0.6992
Chicken Net Pounds Produced
from all Divisions
(000's) 403,563 410,199 417,224 435,891 443,754 435,563 390,578 371,012
Other Operations:
Other Sales (000's) 41,431 39,836 42,845 48,765 34,382 33,619 38,095 38,391
Totals All Operations:
Total Net Sales
(000's) 340,711 328,500 324,446 337,887 341,274 335,168 303,401 297,806
Total Cost of
Sales (000's) 293,586 295,764 297,585 308,507 307,414 307,883 280,316 267,539
Gross Margin from all
operations (000's) 47,125 32,736 26,861 29,380 33,860 27,285 23,085 30,267
Gross Margin from all
operations as a percent
of Total Net Sales 13.83% 9.97% 8.28% 8.70% 9.92% 8.14% 7.61% 10.16%
Total Selling, General and
Administrative Expenses
(000's) 15,681 13,694 15,463 14,009 8,567 14,658 13,425 13,953
Total Selling, General and
Administrative Expenses as a
percent of Total
Net Sales 4.60% 4.17% 4.77% 4.15% 2.51% 4.37% 4.42% 4.69%
Operating Income from all
operations (000's) 31,444 19,042 11,398 15,371 25,293 12,627 9,660 16,314
Operating Income from all
operations as a percent of
Total Net Sales 9.23% 5.80% 3.51% 4.55% 7.41% 3.77% 3.18% 5.48%
(a) The acquisition of WLR Foods has been accounted for as a purchase, and the results of operations
for this acquisition have been included in our consolidated results of operations since January 27,
2001, the acquisition date.
(b) 14 week Quarter.
(c) Certain items previously classified under Mexico have been reclassified under sale of other
products-Mexico. Amounts reclassified by quarter
were: $- $- $- $- $- $- $- $-
Pilgrim's Pride Corporation
Net Sales
by Primary
Market Line
for
Quarters
Ended:
The following table sets forth, for the quarterly periods including and since
fiscal 2000, net sales attributable to each of our primary product lines and
markets served with those products. We based the table on our internal sales
reports and their classification of product types and customers. The
information in these tables should be read in conjunction with the information
in our SEC filings, including the discussion of our primary product lines and
markets served with those products included in our most recent Annual Report
on Form 10-K.
FISCAL QUARTERS ENDED
DECEMBER 28 SEPTEMBER 28 JUNE 29, MAR 30 DEC 29
2002 2002 2002 2002 2001
CHICKEN SALES:
UNITED STATES
Prepared Foods:
Foodservice 170,048 170,700 171,568 161,171 156,417
Retail 35,425 41,357 44,438 37,691 34,813
Total Prepared
Foods 205,473 212,057 216,006 198,862 191,230
Fresh Chicken:
Foodservice 101,749 109,058 115,080 107,795 116,444
Retail 59,668 68,505 68,619 63,113 58,187
Total Fresh
Chicken 161,417 177,563 183,699 170,907 174,632
Export and Other:
Prepared Foods 5,213 7,905 7,839 7,360 7,423
Chicken-Other 17,931 19,861 19,782 21,479 32,453
Total Export
and Other 23,145 27,767 27,621 28,839 39,877
Total U.S.
Chicken 390,035 417,387 427,325 398,609 405,738
Mexico:(b) 88,091 81,260 80,308 75,674 86,528
TOTAL
CHICKEN SALES 478,126 498,647 507,632 474,282 492,266
TOTAL
PREPARED FOODS 210,686 219,963 223,845 206,222 198,653
TURKEY SALES:
Prepared Foods:
Foodservice 24,198 29,729 29,732 34,082 41,109
Retail 5,013 14,284 14,723 11,803 13,829
Total
Prepared Foods 29,211 44,013 44,454 45,884 54,938
Fresh Turkey:
Foodservice 12,568 9,797 5,561 7,970 12,792
Retail 49,401 25,402 23,585 15,498 43,097
Total Fresh Turkey 61,969 35,199 29,146 23,468 55,888
Export and Other:
Prepared Foods 785 711 473 564 1,110
Turkey-Other 2,414 2,910 2,582 2,310 4,468
Total Export
and Other 3,199 3,621 3,055 2,874 5,578
TOTAL TURKEY SALES 94,379 82,833 76,656 72,226 116,404
TOTAL
PREPARED FOODS 29,995 44,724 44,927 46,448 56,048
Sale of Other Products:
U.S. 48,523 52,846 48,330 49,543 42,972
Mexico(b) 6,377 5,494 4,498 4,702 4,388
Total
Other Products 54,900 58,340 52,828 54,245 47,360
TOTAL NET SALES 627,405 639,819 637,116 600,753 656,030
(a) The acquisition of WLR Foods has been accounted for as a purchase, and
the results of operations for this acquisition have been included in
our consolidated results of operations since January 27, 2001, the
acquisition date.
(b) Certain items previously classified under Mexico chicken have been
reclassified under sale of other products-Mexico. Amounts reclassified
by quarter were: 0 123 0 0 0
FISCAL QUARTERS ENDED
SEP 29 JUN 30 MAR 31 DEC 30
2001 2001 2001 2000
CHICKEN SALES:
UNITED STATES
Prepared Foods:
Foodservice 166,891 156,859 160,349 147,975
Retail 32,204 30,350 26,029 14,618
Total Prepared Foods 199,095 187,209 186,378 162,593
Fresh Chicken:
Foodservice 121,700 165,413 62,047 38,464
Retail 65,925 43,974 78,608 36,187
Total Fresh Chicken 187,625 209,386 140,655 74,651
Export and Other:
Prepared Foods 6,290 6,450 4,793 1,379
Chicken-Other 34,179 19,939 24,514 27,203
Total Export and Other 40,469 26,389 29,307 28,582
Total U.S. Chicken 427,189 422,984 356,340 265,826
Mexico:(b) 76,055 84,078 70,447 72,853
TOTAL CHICKEN SALES 503,244 507,063 426,787 338,679
TOTAL PREPARED FOODS 205,433 193,737 191,231 164,000
TURKEY SALES:
Prepared Foods:
Foodservice 30,915 38,535 18,561 0
Retail 18,235 15,970 14,477 0
Total Prepared Foods 49,150 54,504 33,038 0
Fresh Turkey:
Foodservice 6,911 6,141 5,567 0
Retail 27,898 22,947 20,802 0
Total Fresh Turkey 34,809 29,088 26,369 0
Export and Other:
Prepared Foods 851 941 641 0
Turkey-Other 3,805 2,846 2,792 0
Total Export and Other 4,656 3,788 3,433 0
TOTAL TURKEY SALES 88,615 87,380 62,840 0
TOTAL PREPARED FOODS 50,001 55,446 33,679 0
Sale of Other Products:
U.S. 45,843 45,719 46,569 41,725
Mexico(b) 3,548 5,674 5,397 5,627
Total Other Products 49,391 51,393 51,966 47,353
TOTAL NET SALES 641,249 645,836 541,593 386,032
(a) The acquisition of WLR Foods has been accounted for as a purchase, and
the results of operations for this acquisition have been included in
our consolidated results of operations since January 27, 2001, the
acquisition date.
(b) Certain items previously classified under Mexico chicken have been
reclassified under sale of other products-Mexico. Amounts reclassified
by quarter were: 7 11 10 10
FISCAL QUARTERS ENDED
SEP 30 JULY 1 APR 1 JAN 1
2000 2000 2000 2000
CHICKEN SALES:
UNITED STATES
Prepared Foods:
Foodservice 145,294 165,577 139,859 138,665
Retail 16,661 8,874 10,698 11,422
Total Prepared Foods 161,955 174,451 150,557 150,087
Fresh Chicken:
Foodservice 46,205 54,691 51,951 49,345
Retail 37,673 39,758 37,021 34,525
Total Fresh Chicken 83,878 94,449 88,972 83,870
Export and Other:
Prepared Foods 1,466 1,378 1,050 701
Chicken-Other 16,250 12,695 13,108 15,519
Total Export and Other 17,716 14,073 14,158 16,221
Total U.S. Chicken 263,549 282,973 253,687 250,178
Mexico:(b) 73,176 75,686 71,804 64,939
TOTAL CHICKEN SALES 336,725 358,659 325,491 315,117
TOTAL PREPARED FOODS 163,439 175,853 151,630 150,827
TURKEY SALES:
Prepared Foods:
Foodservice 0 0 0 0
Retail 0 0 0 0
Total Prepared Foods 0 0 0 0
Fresh Turkey:
Foodservice 0 0 0 0
Retail 0 0 0 0
Total Fresh Turkey 0 0 0 0
Export and Other:
Prepared Foods 0 0 0 0
Turkey-Other 0 0 0 0
Total Export and Other 0 0 0 0
TOTAL TURKEY SALES 0 0 0 0
TOTAL PREPARED FOODS 0 0 0 0
Sale of Other Products:
U.S. 36,706 27,940 42,843 34,201
Mexico (b) 5,945 5,380 4,926 5,507
Total Other Products 42,650 33,320 47,769 39,708
TOTAL NET SALES 379,375 391,979 373,260 354,825
(a) The acquisition of WLR Foods has been accounted for as a purchase, and
the results of operations for this acquisition have been included in
our consolidated results of operations since January 27, 2001, the
acquisition date.
(b) Certain items previously classified under Mexico chicken have been
reclassified under sale of other products-Mexico. Amounts reclassified
by quarter were: 146 132 121 135
FISCAL QUARTERS ENDED
DEC 28 SEP 28 JUNE 29 MAR 30 DEC 29
2002 2002 2002 2002 2001
(IN THOUSANDS)
CHICKEN SALES:
U.S. CHICKEN SALES:
Prepared Foods:
Foodservice 43.6% 40.9% 40.1% 40.4% 38.6%
Retail 9.1% 9.9% 10.4% 9.5% 8.6%
Total Prepared Foods 52.7% 50.8% 50.5% 49.9% 47.1%
Fresh Chicken:
Foodservice 26.1% 26.1% 26.9% 27.0% 28.7%
Retail 15.3% 16.4% 16.1% 15.8% 14.3%
Total Fresh Chicken 41.4% 42.5% 43.0% 42.9% 43.0%
Export and Other:
Prepared Foods 1.3% 1.9% 1.8% 1.8% 1.8%
Chicken-Other 4.6% 4.8% 4.6% 5.4% 8.0%
Export and Other 5.9% 6.7% 6.5% 7.2% 9.8%
TOTAL U.S. CHICKEN 100.0% 100.0% 100.0% 100.0% 100.0%
TURKEY SALES:
U.S. Turkey Sales:
Prepared Foods:
Foodservice 25.6% 35.9% 38.8% 47.2% 35.3%
Retail 5.3% 17.2% 19.2% 16.3% 11.9%
Total
Prepared Foods 31.0% 53.1% 58.0% 63.5% 47.2%
Fresh Turkey:
Foodservice 13.3% 11.8% 7.3% 11.0% 11.0%
Retail 52.3% 30.7% 30.8% 21.5% 37.0%
Total
Fresh Turkey 65.7% 42.5% 38.0% 32.5% 48.0%
Export and Other
Prepared Foods 0.8% 0.9% 0.6% 0.8% 1.0%
Turkey-Other 2.6% 3.5% 3.4% 3.2% 3.8%
Export and Other 3.4% 4.4% 4.0% 4.0% 4.8%
TOTAL
U.S. TURKEY 100.0% 100.0% 100.0% 100.0% 100.0%
FISCAL QUARTERS ENDED
SEP 29 JUN 30 MAR 31 DEC 30
2001 2001 2001 2000
(IN THOUSANDS)
CHICKEN SALES:
U.S. CHICKEN SALES:
Prepared Foods:
Foodservice 39.1% 37.1% 45.0% 55.7%
Retail 7.5% 7.2% 7.3% 5.5%
Total Prepared Foods 46.6% 44.3% 52.3% 61.2%
Fresh Chicken:
Foodservice 28.5% 39.1% 17.4% 14.5%
Retail 15.4% 10.4% 22.1% 13.6%
Total Fresh Chicken 43.9% 49.5% 39.5% 28.1%
Export and Other:
Prepared Foods 1.5% 1.5% 1.3% 0.5%
Chicken-Other 8.0% 4.7% 6.9% 10.2%
Export and Other 9.5% 6.2% 8.2% 10.8%
TOTAL U.S. CHICKEN 100.0% 100.0% 100.0% 100.0%
TURKEY SALES:
U.S. Turkey Sales:
Prepared Foods:
Foodservice 34.9% 44.1% 29.5% 0.0%
Retail 20.6% 18.3% 23.0% 0.0%
Total Prepared Foods 55.5% 62.4% 52.6% 0.0%
Fresh Turkey:
Foodservice 7.8% 7.0% 8.9% 0.0%
Retail 31.5% 26.3% 33.1% 0.0%
Total Fresh Turkey 39.3% 33.3% 42.0% 0.0%
Export and Other
Prepared Foods 1.0% 1.1% 1.0% 0.0%
Turkey-Other 4.3% 3.3% 4.4% 0.0%
Export and Other 5.3% 4.3% 5.5% 0.0%
TOTAL U.S. TURKEY 100.0% 100.0% 100.0% 0.0%
FISCAL QUARTERS ENDED
SEP 30 JULY 1 APR 1 JAN 1
2000 2000 2000 2000
(IN THOUSANDS)
CHICKEN SALES:
U.S. CHICKEN SALES:
Prepared Foods:
Foodservice 55.1% 58.5% 55.1% 55.4%
Retail 6.3% 3.1% 4.2% 4.6%
Total Prepared Foods 61.5% 61.6% 59.3% 60.0%
Fresh Chicken:
Foodservice 17.5% 19.3% 20.5% 19.7%
Retail 14.3% 14.1% 14.6% 13.8%
Total Fresh Chicken 31.8% 33.4% 35.1% 33.5%
Export and Other:
Prepared Foods 0.6% 0.5% 0.4% 0.3%
Chicken-Other 6.2% 4.5% 5.2% 6.2%
Export and Other 6.7% 5.0% 5.6% 6.5%
TOTAL U.S. CHICKEN 100.0% 100.0% 100.0% 100.0%
TURKEY SALES:
U.S. Turkey Sales:
Prepared Foods:
Foodservice 0.0% 0.0% 0.0% 0.0%
Retail 0.0% 0.0% 0.0% 0.0%
Total Prepared Foods 0.0% 0.0% 0.0% 0.0%
Fresh Turkey:
Foodservice 0.0% 0.0% 0.0% 0.0%
Retail 0.0% 0.0% 0.0% 0.0%
Total Fresh Turkey 0.0% 0.0% 0.0% 0.0%
Export and Other:
Prepared Foods 0.0% 0.0% 0.0% 0.0%
Turkey-Other 0.0% 0.0% 0.0% 0.0%
Export and Other 0.0% 0.0% 0.0% 0.0%
TOTAL U.S. TURKEY 0.0% 0.0% 0.0% 0.0%
(a) The acquisition of WLR Foods has been accounted for as a purchase, and the
results of operations for this acquisition have been included in our
consolidated results of operations since January 27, 2001, the acquisition
date.