SEC Filing | Pilgrim's Pride Corporation

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form8_k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): February 11, 2011

PILGRIM'S PRIDE CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Delaware	1-9273	75-1285071
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

1770 Promontory Circle
Greeley, CO	80634-9038
(Address of Principal Executive Offices)	(ZIP Code)

Registrant's telephone number, including area code: (970) 506-8000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

q	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

q	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

q	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

q	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Item 7.01		Regulation FD Disclosure

Attached hereto as Exhibit 99.1 is certain supplemental historical financial information of Pilgrim’s Pride Corporation.


Exhibit Number		Description

99.1		Supplemental Historical Financial Information

Signature

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: April 8, 2011



By:		/s/ Gary D. Tucker

		Gary D. Tucker Principal Financial Officer

Exhibit Index


Exhibit Number		Description

99.1		Supplemental Historical Financial Information

ex99_1.htm

Pilgrim's Pride Corporation
Net Sales by Primary Market Line
for the Fiscal Years Ending:

The following table sets forth 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.

	Dec 27,		Sep 26,		Sep 27,		Sep 29,		Sep 30,		Oct 1,		Oct 2,		Sept 27,		Sept 28,		Sept 29,		Sept 30,
	2010(a)		2009(a)		2008(a)		2007(a)(c)		2006		2005		2004 (d)(e)		2003		2002		2001 (b)(f)		2000
(in thousands)
Chicken Sales:
United States
Prepared Foods:
Foodservice	$	1,822,036	$	1,828,038	$	2,033,489	$	1,897,643	$	1,567,297	$	1,622,901	$	1,647,904	$	731,331	$	659,856	$	632,075	$	589,396
Retail	$	440,071	$	466,538	$	518,576	$	511,470	$	308,486	$	283,392	$	213,775	$	163,018	$	158,299	$	103,202	$	47,655
Total Prepared Foods	$	2,262,107	$	2,294,576	$	2,552,065	$	2,409,113	$	1,875,783	$	1,906,293	$	1,861,679	$	894,349	$	818,155	$	735,276	$	637,050

Fresh Chicken:
Foodservice	$	1,828,960	$	2,128,112	$	2,550,339	$	2,280,056	$	1,388,451	$	1,509,189	$	1,328,883	$	474,251	$	448,377	$	387,624	$	202,191
Retail	$	1,006,012	$	984,950	$	1,041,446	$	975,659	$	496,560	$	612,081	$	653,798	$	257,911	$	258,424	$	224,694	$	148,977
Total Fresh Chicken	$	2,834,972	$	3,113,061	$	3,591,785	$	3,255,716	$	1,885,011	$	2,121,269	$	1,982,681	$	732,162	$	706,801	$	612,317	$	351,169
Export and Other
Export:
Prepared Foods	$	74,755	$	85,135	$	94,795	$	83,317	$	64,338	$	59,473	$	34,735	$	26,714	$	30,528	$	18,912	$	4,595
Chicken	$	490,972	$	553,407	$	818,240	$	559,429	$	257,823	$	303,150	$	212,611	$	85,086	$	93,575	$	105,834	$	57,573
Total Export	$	565,727	$	638,543	$	913,034	$	642,746	$	322,161	$	362,623	$	247,346	$	111,801	$	124,103	$	124,746	$	62,168
Other Chicken By Products	$	15,576	$	17,734	$	20,163	$	20,779	$	15,448	$	21,084	(g)		(g)		(g)		(g)		(g)
Total Export and Other	$	581,303	$	656,277	$	933,197	$	663,525	$	337,609	$	383,706	$	247,346	$	111,801	$	124,103	$	124,746	$	62,168
Total U.S. Chicken	$	5,678,382	$	6,063,914	$	7,077,047	$	6,328,354	$	4,098,404	$	4,411,269	$	4,091,706	$	1,738,312	$	1,649,058	$	1,472,340	$	1,050,387

Mexico:	$	615,433	$	487,785	$	543,583	$	488,466	$	418,745	$	403,353	$	362,442	$	349,305	$	323,769	$	303,433	$	285,605
Total Chicken Sales	$	6,293,816	$	6,551,699	$	7,620,630	$	6,816,820	$	4,517,149	$	4,814,622	$	4,454,148	$	2,087,617	$	1,972,827	$	1,775,773	$	1,335,992

Total Prepared Food		2,336,862		2,379,711		2,646,860		2,492,430		1,940,122		1,965,766		1,896,414		921,064		848,682		754,189		641,645

Sales of Other Products
U.S.		558,675		505,738		863,495		661,114		618,574		626,056		600,091		207,284		193,691		179,858		141,690
Mexico		29,139		30,618		34,632		20,677		17,006		20,759		23,232		18,766		19,082		20,246		21,757
Total Sale of Other Products		587,814		536,356		898,127		681,792		635,580		646,815		623,323		226,050		212,773		200,104		163,447
Total Net Sales	$	6,881,630	$	7,088,055	$	8,518,757	$	7,498,612	$	5,152,729	$	5,461,437	$	5,077,471	$	2,313,667	$	2,185,600	$	1,975,877	$	1,499,439

Chicken Sales:
U.S. Chicken Sales:
Prepared Foods:
Foodservice	32.2	%	30.2	%	28.8	%	30.1	%	38.2	%	36.8	%		40.3	%		42.1	%		39.9	%		42.9	%		56.2	%
Retail	7.7	%	7.7	%	7.3	%	8.1	%	7.5	%	6.4	%		5.2	%		9.4	%		9.6	%		7.0	%		4.5	%
Total Prepared Foods	39.9	%	37.9	%	36.1	%	38.2	%	45.7	%	43.2	%		45.5	%		51.5	%		49.5	%		49.9	%		60.7	%

Fresh Chicken:
Foodservice	32.2	%	35.1	%	36.0	%	36.0	%	33.9	%	34.2	%		32.5	%		27.3	%		27.2	%		26.3	%		19.2	%
Retail	17.7	%	16.2	%	14.7	%	15.4	%	12.1	%	13.9	%		16.0	%		14.8	%		15.7	%		15.3	%		14.2	%
Total Fresh Chicken	49.9	%	51.3	%	50.7	%	51.4	%	46.0	%	48.1	%		48.5	%		42.1	%		42.9	%		41.6	%		33.4	%
Export and Other
Export:
Prepared Foods	1.3	%	1.4	%	1.3	%	1.3	%	1.6	%	1.3	%		0.8	%		1.5	%		1.9	%		1.3	%		0.4	%
Chicken	8.6	%	9.1	%	11.6	%	8.8	%	6.3	%	6.9	%		5.2	%		4.9	%		5.7	%		7.2	%		5.5	%
Total Export	9.9	%	10.5	%	12.9	%	10.1	%	7.9	%	8.2	%		6.0	%		6.4	%		7.6	%		8.5	%		5.9	%
Other Chicken By Products	0.3	%	0.3	%	0.3	%	0.3	%	0.4	%	0.5	%	(g)			(g)			(g)			(g)			(g)
Total Export and Other	10.2	%	10.8	%	13.2	%	10.4	%	8.3	%	8.7	%		6.0	%		6.4	%		7.6	%		8.5	%		5.9	%
Total U.S. Chicken	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

Prepared Foods	41.2	%	39.3	%	37.4	%	39.5	%	47.3	%	44.5	%		46.3	%		53.0	%		51.4	%		51.2	%		61.1	%

(a) In December 2009, the company changed its fiscal year end from the Saturday nearest September 30 of each year to the last Sunday in December of each year. The change was effective for the 2010 fiscal year, which began December 28, 2009 and ended December 26, 2010 and resulted in an approximate three-month transition period which began September 27, 2009 and ended December 27, 2009. The reader should assume any reference the company makes to a particular year (for example, 2010) in this report applies to our fiscal year and not the calendar year.

(b) Results related to discontinued business have been excluded from this analysis since the quarter ended 3/31/01.

(c) The acquisition of Gold Kist, Inc. occurred on December 27, 2006 and has been accounted for as a purchase, however the results of operations for this acquisition were not included in our consolidated results of operations until the second fiscal quarter beginning December 31, 2006.

(d) The acquisition of the Conagra Chicken Division 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 November 23, 2003, the acquisition date.

(e) Fiscal quarter ended January 3, 2004 had 14 weeks.

(f) 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.

(g) The Export and Other category has historically included the sales of certain chicken by products sold in international markets as well as the export of chicken products. Prior to fiscal 2005, by product sales were not specifically identifiable from the Export and Other category. Accordingly, a detail breakout is not available prior to such time. However, the Company believes that the relative split between these categories as shown in fiscal 2005 would not be dissimilar in the prior fiscal periods. Export items include certain poultry parts that have greater value in some overseas markets than in the U.S.

Pilgrim's Pride Corporation
Net Sales by Primary Market Line
for the Fiscal Quarters Ending:

The following table sets forth 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.

	Dec 27,		Sep 26,		Jun 27,		Mar 28,		Dec 27,		Sep 26,		Jun 27,		Mar 28,
	2010		2010		2010		2010		2009		2009		2009		2009

Chicken Sales:
United States
Prepared Foods:
Foodservice	$	457,084	$	468,504	$	460,157	$	436,291	$	420,944	$	450,489	$	439,849	$	443,530
Retail	$	99,291	$	105,476	$	109,181	$	126,123	$	114,866	$	112,142	$	117,213	$	113,399
Total Prepared Foods	$	556,375	$	573,980	$	569,338	$	562,415	$	535,810	$	562,631	$	557,062	$	556,929

Fresh Chicken:
Foodservice	$	473,554	$	464,704	$	452,298	$	438,405	$	437,782	$	480,017	$	539,928	$	543,623
Retail	$	235,256	$	265,193	$	257,087	$	248,476	$	225,636	$	262,430	$	253,469	$	247,022
Total Fresh Chicken	$	708,810	$	729,897	$	709,385	$	686,880	$	663,418	$	742,446	$	793,396	$	790,646
Export and Other
Export:
Prepared Foods	$	21,098	$	18,929	$	18,045	$	16,683	$	21,353	$	21,510	$	20,256	$	20,471
Chicken	$	180,436	$	99,366	$	123,670	$	87,499	$	110,197	$	153,672	$	141,336	$	103,970
Total Export	$	201,534	$	118,295	$	141,715	$	104,183	$	131,550	$	175,182	$	161,591	$	124,441
Other Chicken By Products	$	4,014	$	3,963	$	4,059	$	3,541	$	3,427	$	3,929	$	4,418	$	4,277
Total Export and Other	$	205,548	$	122,257	$	145,774	$	107,723	$	134,976	$	179,111	$	166,010	$	128,718
Total U.S. Chicken	$	1,470,733	$	1,426,135	$	1,424,496	$	1,357,018	$	1,334,204	$	1,484,189	$	1,516,468	$	1,476,293

Mexico:	$	173,271	$	147,412	$	155,833	$	138,918	$	127,557	$	116,398	$	126,270	$	99,874
Total Chicken Sales	$	1,644,003	$	1,573,547	$	1,580,330	$	1,495,936	$	1,461,761	$	1,600,587	$	1,642,737	$	1,576,167

Total Prepared Foods	$	577,473	$	592,909	$	587,383	$	579,098	$	557,163	$	584,142	$	577,317	$	577,400

Sale of Other Products
U.S.	$	158,550	$	139,051	$	122,479	$	138,595	$	132,500	$	127,948	$	127,422	$	114,774
Mexico	$	8,741	$	7,251	$	4,759	$	8,387	$	8,473	$	7,614	$	6,653	$	7,161
Total Other Products	$	167,290	$	146,303	$	127,238	$	146,982	$	140,973	$	135,562	$	134,075	$	121,935
Total Net Sales	$	1,811,294	$	1,719,850	$	1,707,568	$	1,642,918	$	1,602,734	$	1,736,149	$	1,776,812	$	1,698,102

Chicken Sales:
U.S. Chicken Sales:
Prepared Foods:
Foodservice	31.0	%	32.8	%	32.2	%	32.2	%	31.5	%	30.3	%	29.1	%	30.1	%
Retail	6.8	%	7.4	%	7.7	%	9.3	%	8.6	%	7.6	%	7.7	%	7.7	%
Total Prepared Foods	37.8	%	40.2	%	39.9	%	41.5	%	40.1	%	37.9	%	36.8	%	37.8	%

Fresh Chicken:
Foodservice	32.2	%	32.6	%	31.8	%	32.3	%	32.8	%	32.3	%	35.6	%	36.8	%
Retail	16.0	%	18.6	%	18.0	%	18.3	%	16.9	%	17.7	%	16.7	%	16.7	%
Total Fresh Chicken	48.2	%	51.2	%	49.8	%	50.6	%	49.7	%	50.0	%	52.3	%	53.5	%
Export and Other
Export:
Prepared Foods	1.4	%	1.3	%	1.3	%	1.2	%	1.6	%	1.4	%	1.3	%	1.4	%
Chicken	12.3	%	7.0	%	8.7	%	6.4	%	8.3	%	10.4	%	9.3	%	7.0	%
Total Export	13.7	%	8.3	%	10.0	%	7.6	%	9.9	%	11.8	%	10.6	%	8.4	%
Other Chicken By Products	0.3	%	0.3	%	0.3	%	0.3	%	0.3	%	0.3	%	0.3	%	0.3	%
Total Export and Other	14.0	%	8.6	%	10.3	%	7.9	%	10.2	%	12.1	%	10.9	%	8.7	%
Total U.S. Chicken	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

Pilgrim's Pride Corporation
Sales Segments
for Fiscal Years Ended:


Our chicken segment and our sales of other product segment include sales of products that we produce and purchase for resale in the United States and Mexico. Both of these segments conduct separate operations in the United States and Mexico and are reported as two seprarate geographical areas. Our turkey segment includes sales of turkey products produced and purchased for resale. Our turkey operations are exclusively in the United States.
Inter-area sales and inter-segment sales, which are not material, are accounted for at prices comparable to normal trade customer sales. Fixed assets by segment and geographic area are those assets which are used in our operations in each segment or area. Corporate assets are included with chicken and other products. 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.

	12/26/2010(b)			9/27/2009			9/27/2008			9/29/2007 (c)		9/30/2006			10/1/2005		10/2/2004 (d)(e)			9/27/2003		9/28/2002		9/29/2001(f)			9/30/2000
(in thousands)

Net Sales to Customers:
Chicken:
United States	$	5,678,382		$	6,063,914		$	7,077,047		$	6,328,354	$	4,098,403		$	4,411,269	$	4,091,706		$	1,945,596	$	1,842,749	$	1,652,199		$	1,192,077
Mexico		615,433			487,785			543,583			488,466		418,745			403,353		362,442			368,071		342,851		323,678			307,362
Sub-total		6,293,815			6,551,699			7,620,630			6,816,820		4,517,148			4,814,622		4,454,148			2,313,667		2,185,600		1,975,877			1,499,439

Other Products:
United States		558,675			505,738			863,495			661,115		618,575			626,056		600,091			-		-		-			-
Mexico		29,139			30,618			34,632			20,677		17,006			20,759		23,232			-		-		-			-
Sub-total		587,814			536,356			898,127			681,792		635,581			646,815		623,323			-		-		-			-
Total	$	6,881,629		$	7,088,055		$	8,518,757		$	7,498,612	$	5,152,729		$	5,461,437	$	5,077,471		$	2,313,667	$	2,185,600	$	1,975,877		$	1,499,439

Operating Income:
Chicken:
United States	$	141,159		$	5,583		$	(604,685	)	$	192,447	$	28,619		$	405,662	$	329,694		$	121,286	$	31,393	$	78,096		$	45,928
Mexico		68,533			22,353			(25,702	)		13,116		(17,960	)		39,809		(7,619	)		16,319		17,064		12,157			34,560
Sub-total		209,692			27,936			(630,387	)		205,563		10,659			445,471		322,075			137,605		48,457		90,253			80,488

Other Products:
United States		41,327			47,195			113,770			28,637		(1,192	)		8,250		35,069			-		-		-			-
Mexico		4,748			6,647			4,513			2,992		1,638			4,630		4,033			-		-		-			-
Sub-total		46,075			53,842			118,283			31,629		446			12,880		39,102			-		-		-			-
Administrative restructuring, net and non-recurring recoveries		(66,022	)		-			-			-		-			-		24,791			-		-		-			-
Asset impairment and operational restructuring, net		(4,318	)		(12,464	)		(27,990	)		-		-			-		-			-		-		-			-
Total	$	185,427		$	67,327		$	(1,057,696	)	$	237,192	$	11,105		$	458,351	$	385,968		$	137,605	$	48,457	$	90,253		$	80,488

Depreciation and Amortization: (a)
Chicken:
United States	$	205,739		$	210,333		$	216,356		$	183,808	$	114,516		$	114,131	$	89,767		$	54,150	$	48,277	$	38,155		$	24,444
Mexico		8,780			9,527			10,351			11,015		11,305			12,085		12,217			12,116		13,526		11,962			11,583
Sub-total		214,519			219,860			226,707			194,823		125,821			126,216		101,984			66,266		61,803		50,117			36,027

Other Products:
United States		16,320			15,919			13,354			9,865		9,166			8,539		11,660			7,921		9,170		5,273			-
Mexico		206			226			244			215		146			189		144			-		-		-			-
Sub-total		16,526			16,145			13,598			10,080		9,312			8,728		11,804			7,921		9,170		5,273			-
Total	$	231,045		$	236,005		$	240,305		$	204,903	$	135,133		$	134,944	$	113,788		$	74,187	$	70,973	$	55,390		$	36,027

Total Assets:
Chicken:
United States	$	2,680,749		$	2,542,818		$	2,733,089		$	3,247,812	$	1,909,129		$	2,059,579	$	1,830,051		$	799,967	$	775,394	$	764,074		$	496,173
Mexico		382,854			345,205			372,952			348,894		361,887			287,414		212,492			207,221		241,919		247,681			209,247
Sub-total		3,063,603			2,888,023			3,106,041			3,596,706		2,271,016			2,346,993		2,042,543			1,007,188		1,017,313		1,011,755			705,420

Other Products:
United States		151,469			168,776			187,126			173,410		154,192			162,900		200,917			247,624		210,577		203,940			-
Mexico		3,826			3,705			5,542			4,120		1,660			2,010		2,529			2,672		-		-			-
Sub-total		155,295			172,481			192,668			177,530		155,852			164,910		203,446			250,296		210,577		203,940			-
Total	$	3,218,898		$	3,060,504		$	3,298,709		$	3,774,236	$	2,426,868		$	2,511,903	$	2,245,989		$	1,257,484	$	1,227,890	$	1,215,695		$	705,420

Capital Expenditures:
Chicken:
United States	$	171,681		$	57,001		$	148,811		$	164,449	$	133,363		$	102,470	$	54,433		$	38,775	$	65,775	$	89,007		$	69,712
Mexico		6,926			2,118			545			1,633		6,536			4,924		8,640			9,218		7,934		26,425			22,417
Sub-total		178,607			59,119			149,356			166,082		139,899			107,394		63,073			47,993		73,709		115,432			92,129

Other Products:
United States		726			29,074			2,815			6,201		3,567			9,051		16,546			5,581		6,679		(2,800	)		-
Mexico		-			-			330			40		416			142		23			-		-		-			-
Sub-total		726			29,074			3,145			6,241		3,983			9,193		16,569			5,581		6,679		(2,800	)		-
Total	$	179,333		$	88,193		$	152,501		$	172,323	$	143,882		$	116,587	$	79,642		$	53,574	$	80,388	$	112,632		$	92,129

(a) Includes amortization of capitalized financing costs of approximately	$	14,797		$	6,788		$	4,947		$	6,554	$	2,606		$	2,321	$	1,951		$	1,477	$	1,417	$	1,860		$	1,236

(b) In December 2009, the company changed its fiscal year end from the Saturday nearest September 30 of each year to the last Sunday in December of each year. The change was effective for the 2010 fiscal year, which began December 28, 2009 and ended December 26, 2010 and resulted in an approximate three-month transition period which began September 27, 2009 and ended December 27, 2009. The reader should assume any reference the company makes to a particular year (for example, 2010) in this report applies to our fiscal year and not the calendar year.

(d) The acquisition of the Conagra Chicken Division 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 November 23, 2003, the acquisition date.

(e) Fiscal years 2004 and 1999 had 53 weeks.

Pilgrim's Pride Corporation
Sales Segments
for Fiscal Quarters Ended:


Our chicken segment and our sales of other product segment include sales of products that we produce and purchase for resale in the United States and Mexico. Both of these segments conduct separate operations in the United States and Mexico and are reported as two seprarate geographical areas. Our turkey segment includes sales of turkey products produced and purchased for resale. Our turkey operations are exclusively in the United States.
Inter-area sales and inter-segment sales, which are not material, are accounted for at prices comparable to normal trade customer sales. Fixed assets by segment and geographic area are those assets which are used in our operations in each segment or area. Corporate assets are included with chicken and other products. You should read this financial data in conjunction with the appropriate period financial statements and the related notes and "Management's Discussion and Analysis

(In thousands)	12/26/2010			9/27/2010		6/27/2010			3/28/2010			12/27/2009			9/26/2009			6/27/2009		3/28/2009			12/27/2008			9/27/2008			6/28/2008			3/29/2008
Net Sales to Customers:
Chicken:
United States	$	1,470,733		$	1,426,134	$	1,424,496		$	1,357,019		$	1,334,205		$	1,484,189		$	1,516,468	$	1,476,292		$	1,586,965		$	1,796,775		$	1,829,163		$	1,722,967
Mexico		173,270			147,412		155,834			138,917			127,556			116,398			126,270		109,066			136,051			141,108			154,165			127,312
Sub-total		1,644,003			1,573,546		1,580,330			1,495,936			1,461,761			1,600,587			1,642,738		1,585,358			1,723,016			1,937,883			1,983,328			1,850,279
Other Products:
United States		158,549			139,052		122,479			138,595			132,500			127,949			127,422		105,583			144,784			215,064			214,135			243,907
Mexico		8,741			7,252		4,759			8,387			8,473			7,613			6,653		7,161			9,191			10,187			10,013			6,608
Sub-total		167,290			146,304		127,238			146,982			140,973			135,562			134,075		112,744			153,975			225,251			224,148			250,515
Total	$	1,811,293		$	1,719,850	$	1,707,568		$	1,642,918		$	1,602,734		$	1,736,149		$	1,776,813	$	1,698,102		$	1,876,991		$	2,163,134		$	2,207,476		$	2,100,794

Operating Income:
Chicken:
United States	$	41,661		$	82,169	$	36,598		$	(19,269	)	$	2,956		$	101,099		$	72,976	$	10,956		$	(179,448	)	$	(354,484	)	$	(68,876	)	$	(162,231	)
Mexico		11,961			26,346		19,590			10,636			(3,655	)		(280	)		18,046		11,804			(7,217	)		(24,854	)		6,964			(3,720	)
Sub-total		53,622			108,515		56,188			(8,633	)		(699	)		100,819			91,022		22,760			(186,665	)		(379,338	)		(61,912	)		(165,951	)
Other Products
United States		16,185			2,502		11,735			10,905			8,199			26,482			16,487		(4,739	)		8,965			39,169			18,366			33,464
Mexico		1,571			1,181		850			1,146			1,607			1,828			1,087		1,851			1,881			1,533			1,015			880
Sub-total		17,756			3,683		12,585			12,051			9,806			28,310			17,574		(2,888	)		10,846			40,702			19,381			34,344
Administrative restructuring, net and non-recurring recoveries		(14,327	)		1,006		(16,882	)		(35,819	)		1,359			-			-		-			-			-			-			-
Asset impairment and operational restructuring, net		(4,318	)		-		-			-			(2,877	)		(12,464	)		-		-			-			(15,968	)		-			(12,022	)
Total	$	52,733		$	113,204	$	51,891		$	(32,401	)	$	7,589		$	116,665		$	108,596	$	20,307		$	(178,241	)	$	(872,206	)	$	(42,531	)	$	(143,629	)

Depreciation and Amortization: (a)
Chicken:
United States	$	49,604		$	51,548	$	53,246		$	51,340		$	50,216		$	51,130		$	51,245	$	54,349		$	53,609		$	57,216		$	54,367		$	54,191
Mexico		2,132			2,156		2,238			2,254			2,274			2,320			2,383		2,387			2,437			2,582			2,587			2,618
Sub-total		51,736			53,704		55,484			53,594			52,490			53,450			53,628		56,736			56,046			59,798			56,954			56,809
Other Products
United States		3,856			4,164		4,182			4,118			4,160			4,668			3,475		3,722			4,054			3,573			3,565			3,501
Mexico		55			56		39			56			55			55			58		55			58			57			62			63
Sub-total		3,911			4,220		4,221			4,174			4,215			4,723			3,533		3,777			4,112			3,630			3,627			3,564
Total	$	55,648		$	57,924	$	59,705		$	57,768		$	56,705		$	58,172		$	57,162	$	60,513		$	60,158		$	63,428		$	60,581		$	60,373

Total Assets:
Chicken:
United States	$	2,680,749		$	2,487,306	$	2,415,229		$	2,360,558		$	2,665,163		$	2,542,818		$	2,491,923	$	2,636,511		$	2,674,592		$	2,733,089		$	3,325,352		$	3,385,393
Mexico		382,854			372,417		349,609			363,320			377,674			345,205			344,517		333,767			343,794			372,952			386,175			375,923
Sub-total		3,063,603			2,859,723		2,764,838			2,723,878			3,042,837			2,888,023			2,836,440		2,970,278			3,018,386			3,106,041			3,711,527			3,761,316
Other Products
United States		151,469			155,101		159,578			160,682			162,927			168,776			191,058		191,488			192,708			187,126			130,359			127,023
Mexico		3,826			3,157		2,824			3,377			3,699			3,705			3,732		3,643			4,009			5,542			5,299			3,690
Sub-total		155,295			158,258		162,402			164,059			166,626			172,481			194,790		195,131			196,717			192,668			135,658			130,713
Total	$	3,218,898		$	3,017,981	$	2,927,240		$	2,887,937		$	3,209,463		$	3,060,504		$	3,031,230	$	3,165,409		$	3,215,103		$	3,298,709		$	3,847,185		$	3,892,029

Capital Expenditures:
Chicken:
United States	$	66,314		$	39,474	$	35,360		$	30,533		$	30,153		$	18,120		$	13,226	$	7,162		$	18,493		$	35,489		$	45,493		$	26,463
Mexico	$	3,897		$	1,864	$	1,154		$	11		$	491		$	233		$	11	$	1,754		$	120		$	(550	)	$	316		$	69
Sub-total		70,211			41,338		36,514			30,544			30,644			18,353			13,237		8,916			18,613			34,939			45,809			26,532
Other Products
United States		85			256		39			346			(181	)		4,235			4,009		10,415			10,415			1,409			83			715
Mexico		-			-		-			-			-			-			-		-			-			-			45			285
Sub-total		85			256		39			346			(181	)		4,235			4,009		10,415			10,415			1,409			128			1,000
Total	$	70,296		$	41,594	$	36,553		$	30,890		$	30,463		$	22,588		$	17,246	$	19,331		$	29,028		$	36,348		$	45,937		$	27,532


(a) Includes amortization of capitalized financing costs of approximately	$	3,531		$	3,726	$	3,761		$	3,780		$	1,437		$	1,706		$	1,764	$	1,774		$	1,544		$	1,149		$	1,696		$	1,058

(In thousands)	12/29/2007			9/29/2007		6/30/2007		3/31/2007(b)			12/30/2006			9/30/2006			7/1/2006			4/1/2006			12/31/2005			10/1/2005		7/2/2005		4/2/2005		1/1/2005
Net Sales to Customers:
Chicken:
United States	$	1,728,142		$	1,804,625	$	1,809,318	$	1,683,463		$	1,030,948		$	1,059,111		$	1,019,918		$	985,208		$	1,034,166		$	1,162,553	$	1,123,096	$	1,090,782	$	1,034,838
Mexico		120,998			122,875		131,636		111,046			122,909			115,315			106,996			104,031			92,403			101,151		114,377		90,888		96,937
Sub-total		1,849,140			1,927,500		1,940,954		1,794,509			1,153,857			1,174,426			1,126,914			1,089,239			1,126,569			1,263,704		1,237,473		1,181,670		1,131,775
Other Products:
United States		190,389			179,001		157,793		188,670			135,651			131,060			141,690			167,488			178,337			163,585		159,285		148,139		155,047
Mexico		7,824			8,470		5,752		4,006			2,449			2,943			6,982			5,272			1,809			5,181		5,743		8,184		1,651
Sub-total		198,213			187,471		163,545		192,676			138,100			134,003			148,672			172,760			180,146			168,766		165,028		156,323		156,698
Total	$	2,047,353		$	2,114,971	$	2,104,499	$	1,987,185		$	1,291,957		$	1,308,429		$	1,275,586		$	1,261,999		$	1,306,715		$	1,432,470	$	1,402,501	$	1,337,993	$	1,288,473

Operating Income:
Chicken:
United States	$	(19,094	)	$	91,292	$	116,748	$	(4,147	)	$	(11,446	)	$	32,631		$	(20,158	)	$	(37,716	)	$	53,862		$	113,765	$	121,214	$	82,076	$	88,607
Mexico		(4,092	)		9,965		14,427		(12,605	)		1,329			(7,783	)		(4,951	)		1,844			(7,070	)		7,912		17,823		8,892		5,182
Sub-total		(23,186	)		101,257		131,175		(16,752	)		(10,117	)		24,848			(25,109	)		(35,872	)		46,792			121,677		139,037		90,968		93,789
Other Products
United States		22,771			13,557		4,873		5,559			4,648			(5,708	)		419			3,477			620			2,966		2,215		1,520		1,549
Mexico		1,085			1,057		848		520			567			469			373			338			458			1,142		1,095		1,951		442
Sub-total		23,856			14,614		5,721		6,079			5,215			(5,239	)		792			3,815			1,078			4,108		3,310		3,471		1,991
Administrative restructuring, net and non-recurring recoveries		-			-		-		-			-			-			-			-			-			-		-		-		-
Asset impairment and operational restructuring, net		-			-		-		-			-			-			-			-			-			-		-		-		-
Total	$	670		$	115,871	$	136,896	$	(10,673	)	$	(4,902	)	$	19,609		$	(24,317	)	$	(32,057	)	$	47,870		$	125,785	$	142,347	$	94,439	$	95,780

Depreciation and Amortization: (a)
Chicken:
United States	$	50,582		$	53,688	$	53,629	$	49,046		$	27,445		$	30,838		$	29,400		$	28,717		$	25,561		$	35,524	$	25,174	$	28,645	$	24,788
Mexico		2,564			2,709		2,754		2,746			2,806			2,835			2,752			3,125			2,593			2,985		2,996		3,015		3,089
Sub-total		53,146			56,397		56,383		51,792			30,251			33,673			32,152			31,842			28,154			38,509		28,170		31,660		27,877
Other Products
United States		2,715			2,769		1,564		3,130			2,402			1,381			2,765			2,862			2,158			2,127		2,198		2,070		2,144
Mexico		62			59		58		54			44			27			43			40			36			45		53		47		44
Sub-total		2,777			2,828		1,622		3,184			2,446			1,408			2,808			2,902			2,194			2,172		2,251		2,117		2,188
Total	$	55,923		$	59,225	$	58,005	$	54,976		$	32,697		$	35,081		$	34,960		$	34,744		$	30,348		$	40,681	$	30,421	$	33,777	$	30,065

Total Assets:
Chicken:
United States	$	3,335,646		$	3,247,812	$	3,619,620	$	3,623,780		$	3,546,385		$	1,909,129		$	1,874,282		$	1,926,813		$	2,102,873		$	2,059,579	$	1,989,804	$	1,838,535	$	1,827,345
Mexico		360,680			348,894		381,982		353,765			387,506			361,887			286,890			289,352			293,662			287,414		231,497		243,980		260,026
Sub-total		3,696,326			3,596,706		4,001,602		3,977,545			3,933,891			2,271,016			2,161,172			2,216,165			2,396,535			2,346,993		2,221,301		2,082,515		2,087,371
Other Products
United States		136,225			173,410		182,248		167,183			141,413			154,192			172,188			174,426			164,542			162,900		179,173		184,692		189,924
Mexico		4,161			4,120		3,700		2,269			1,879			1,660			2,211			1,872			2,042			2,010		2,376		2,329		2,541
Sub-total		140,386			177,530		185,948		169,452			143,292			155,852			174,399			176,298			166,584			164,910		181,549		187,021		192,465
Total	$	3,836,712		$	3,774,236	$	4,187,550	$	4,146,997		$	4,077,183		$	2,426,868		$	2,335,571		$	2,392,463		$	2,563,119		$	2,511,903	$	2,402,850	$	2,269,536	$	2,279,836

Capital Expenditures:
Chicken:
United States	$	41,366		$	33,034	$	40,677	$	53,896		$	36,842		$	40,117		$	24,225		$	28,126		$	40,895		$	20,408	$	34,246	$	25,825	$	21,991
Mexico	$	710		$	378	$	262	$	372		$	621		$	1,410		$	1,652		$	966		$	2,508		$	1,252	$	1,494	$	1,089	$	1,089
Sub-total		42,076			33,412		40,939		54,268			37,463			41,527			25,877			29,092			43,403			21,660		35,740		26,914		23,080
Other Products
United States		608			2,751		772		829			1,849			766			884			1,533			384			4,744		2,219		1,044		1,044
Mexico		-			-		-		2			38			275			33			29			79			35		35		36		36
Sub-total		608			2,751		772		831			1,887			1,041			917			1,562			463			4,779		2,254		1,080		1,080
Total	$	42,684		$	36,163	$	41,711	$	55,099		$	39,350		$	42,568		$	26,794		$	30,654		$	43,866		$	26,439	$	37,994	$	27,994	$	24,160


(a) Includes amortization of capitalized financing costs of approximately	$	1,044		$	3,621	$	1,118	$	1,110		$	705		$	572		$	477		$	976		$	581		$	581	$	590	$	580	$	570

(b) The acquisition of Gold Kist, Inc. occurred on December 27, 2006 and has been accounted for as a purchase, however the results of operations for this acquisition were not included in our consolidated results of operations until the second fiscal quarter beginning December 31, 2006.

(In thousands)	10/2/2004			7/3/2004			4/3/2004		1/3/2004 (b)(c)			9/27/2003			6/28/2003		3/29/2003		12/28/2002		9/28/2002		6/29/2002		03/30/02			12/29/01		09/29/01			06/30/01		3/31/2001(d)			12/30/00		09/30/00		07/01/00		04/01/00		01/01/00
Net Sales to Customers:
Chicken:
United States	$	1,158,466		$	1,121,073		$	1,068,200	$	743,967		$	546,078		$	485,667	$	475,294	$	438,557	$	470,233	$	475,655	$	448,151		$	448,710	$	473,034		$	468,704	$	402,909		$	307,552	$	300,255	$	310,913	$	296,530	$	284,379
Mexico		93,797			90,718			88,957		88,970			86,790			93,921		92,891		94,469		86,754		84,805		80,376			90,916		79,602			89,752		75,844			78,480		79,121		81,066		76,730		70,446
Sub-total		1,252,263			1,211,791			1,157,157		832,937			632,868			579,588		568,185		533,026		556,987		560,460		528,527			539,626		552,636			558,456		478,753			386,032		379,376		391,979		373,260		354,825
Other Products:
United States		156,154			163,667			166,806		113,464			-			-		-		-		-		-		-			-		-			-		-			-
Mexico		5,504			6,251			6,835		4,642			-			-		-		-		-		-		-			-		-			-		-			-
Sub-total		161,658			169,918			173,641		118,106			-			-		-		-		-		-		-			-		-			-		-			-
Total	$	1,413,921		$	1,381,709		$	1,330,798	$	951,043		$	632,868		$	579,588	$	568,185	$	533,026	$	556,987	$	560,460	$	528,527		$	539,626	$	552,636		$	558,456	$	478,753		$	386,032	$	379,376	$	391,979	$	373,260	$	354,825

Operating Income:
Chicken:
United States	$	121,939		$	105,579		$	56,862	$	45,314		$	51,816		$	37,036	$	14,039	$	18,395	$	4,507	$	13,829	$	3,701		$	9,356	$	27,700		$	27,970	$	1,795		$	20,631	$	8,411	$	12,909	$	3,503	$	21,106
Mexico		(688	)		(2,413	)		1,779		(6,297	)		(2,597	)		8,830		3,872		6,214		3,276		5,831		(514	)		8,471		1,011			13,767		(5,201	)		2,580		7,225		13,439		9,779		4,116
Sub-total		121,251			103,166			58,641		39,017			49,219			45,866		17,911		24,609		7,783		19,660		3,187			17,827		28,711			41,737		(3,406	)		23,211		15,636		26,348		13,282		25,222
Other Products
United States		11,003			4,373			12,993		6,700			-			-		-		-		-		-		-			-		-			-		-			-
Mexico		1,243			721			1,218		851			-			-		-		-		-		-		-			-		-			-		-			-
Sub-total		12,246			5,094			14,211		7,551			-			-		-		-		-		-		-			-		-			-		-			-
Administrative restructuring, net and non-recurring recoveries		24,715			-			68		8			-			-		-		-		-		-		-			-		-			-		-			-
Asset impairment and operational restructuring, net		-			-			-		-			-			-		-		-		-		-		-			-		-			-		-			-
Total	$	158,288		$	108,260		$	72,852	$	46,568		$	49,219		$	45,866	$	17,911	$	24,609	$	7,783	$	19,660	$	3,187		$	17,827	$	28,711		$	41,737	$	(3,406	)	$	23,211	$	15,636	$	26,348	$	13,282	$	25,222

Depreciation and Amortization: (a)
Chicken:
United States	$	20,445		$	23,037		$	26,897	$	19,388		$	14,677		$	13,984	$	12,943	$	12,546	$	12,296	$	11,895	$	12,553		$	11,533	$	10,195		$	13,275	$	8,797		$	5,888	$	6,418	$	6,321	$	5,956	$	5,749
Mexico		3,018			3,027			2,990		3,182			3,110			2,939		2,917		3,150		3,337		3,395		3,377			3,417		4,267			3,123		1,792			2,780		2,861		2,963		2,921		2,837
Sub-total		23,463			26,064			29,887		22,570			17,787			16,923		15,860		15,696		15,633		15,290		15,930			14,950		14,462			16,398		10,589			8,668		9,279		9,284		8,877		8,586
Other Products
United States		2,169			3,022			3,164		3,305			2,147			2,017		1,943		1,814		2,481		2,523		1,717			2,449		1,500			2,210		1,563			-
Mexico		36			36			36		36			-			-		-		-		-		-		-			-		-			-		-			-
Sub-total		2,205			3,058			3,200		3,341			2,147			2,017		1,943		1,814		2,481		2,523		1,717			2,449		1,500			2,210		1,563			-
Total	$	25,668		$	29,122		$	33,087	$	25,911		$	19,934		$	18,940	$	17,803	$	17,510	$	18,114	$	17,813	$	17,647		$	17,399	$	15,962		$	18,608	$	12,152		$	8,668	$	9,279	$	9,284	$	8,877	$	8,586

Total Assets:
Chicken:
United States	$	1,830,051		$	1,548,719		$	1,545,653	$	1,617,898		$	799,967		$	827,331	$	812,410	$	764,622	$	775,394	$	769,594	$	740,496		$	687,225	$	764,074		$	823,183	$	795,792		$	501,530	$	496,173	$	498,675	$	481,465	$	470,682
Mexico		212,492			304,416			318,226		326,879			207,221			247,316		239,703		247,780		241,919		241,552		248,847			255,697		247,681			212,658		211,443			212,810		209,247		187,775		183,693		182,288
Sub-total		2,042,543			1,853,135			1,863,879		1,944,777			1,007,188			1,074,647		1,052,113		1,012,402		1,017,313		1,011,146		989,343			942,922		1,011,755			1,035,841		1,007,235			714,340		705,420		686,450		665,158		652,970
Other Products
United States		200,917			278,498			281,686		249,753			247,624			204,273		206,998		207,509		210,577		207,219		206,209			210,516		203,940			168,979		169,026			-
Mexico		2,529			2,596			2,483		2,772			2,672			-		-		-		-		-		-			-		-			-		-			-
Sub-total		203,446			281,094			284,169		252,525			250,296			204,273		206,998		207,509		210,577		207,219		206,209			210,516		203,940			168,979		169,026			-
Total	$	2,245,989		$	2,134,229		$	2,148,048	$	2,197,302		$	1,257,484		$	1,278,920	$	1,259,111	$	1,219,911	$	1,227,890	$	1,218,365	$	1,195,552		$	1,153,438	$	1,215,695		$	1,204,820	$	1,176,261		$	714,340	$	705,420	$	686,450	$	665,158	$	652,970

Capital Expenditures:
Chicken:
United States	$	12,172		$	14,820		$	12,552	$	14,889		$	12,249		$	7,056	$	14,162	$	5,308	$	18,798	$	20,180	$	13,455		$	13,342	$	25,373		$	20,184	$	20,735		$	22,715	$	26,579	$	14,953	$	16,734	$	11,445
Mexico	$	2,750		$	1,961		$	2,236	$	1,693		$	3,366		$	3,029	$	950	$	1,873	$	661	$	3,395	$	869		$	3,009	$	3,819		$	6,442	$	6,272		$	9,892		8,616		6,612		4,222		2,967
Sub-total		14,922			16,781			14,788		16,582			15,615			10,085		15,112		7,181		19,459		23,575		14,324			16,351		29,192			26,626		27,007			32,607		35,195		21,565		20,956		14,412
Other Products
United States		8,862			(754	)		4,812		3,626			1,814			1,037		795		1,935		4,499		624		574			982		(36,807	)		33,221		786			-
Mexico		23			-			-		-			-			-		-		-		-		-		-			-		-			-		-			-
Sub-total		8,885			(754	)		4,812		3,626			1,814			1,037		795		1,935		4,499		624		574			982		(36,807	)		33,221		786			-
Total	$	23,807		$	16,027		$	19,600	$	20,208		$	17,429		$	11,122	$	15,907	$	9,116	$	23,958	$	24,199	$	14,898		$	17,333	$	(7,615	)	$	59,847	$	27,793		$	32,607	$	35,195	$	21,565	$	20,956	$	14,412


(a) Includes amortization of capitalized financing costs of approximately	$	622		$	322		$	488	$	519		$	372		$	415	$	307	$	383	$	382	$	372	$	361		$	302	$	206		$	1,105	$	281		$	268	$	207	$	251	$	348	$	370

(b) The acquisition of the Conagra Chicken Division 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 November 23, 2003, the acquisition date.
(c) Fiscal quarters ended 01/02/99 and 01/03/04 had 14 weeks.
(d) 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.

Pilgrim's Pride Corporation

Selected Financial Data

for the Fiscal Years Ending:

Our selected financial data is derived from our financial statements. 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.

	2010(c)			2009			2008			2007(e)			2006			2005			2004 (f)(g)			2003			2002			2001 (d)(h)			2000

(In thousands except per share data)
Income Statement Data:
Net sales	$	6,881,629		$	7,088,055		$	8,518,757		$	7,498,612		$	5,152,729		$	5,461,437		$	5,077,471		$	2,313,667		$	2,185,600		$	1,975,877		$	1,499,439
Non-recurring recoveries		-			-			-			-			-			-			23,815			-			-			-			-
Operational restructuring and related charges		4,318			12,464			27,990			-			-			-			-			-			-			-			-
Gross margin		460,993			310,803			(247,359	)		592,731			297,083			751,317			611,838			249,363			153,599			197,561			165,828
Goodwill Impairment		-			-			501,446			-			-			-			-			-			-			-			-
Selling, general and administrative expenses		209,544			241,489			292,735			355,539			285,978			292,966			225,870			111,758			105,142			107,307			85,340
Administrative restructuring and related charges		66,022			1,987			16,156			-			-			-			-			-			-			-			-
Operating income (loss)		185,427			67,327			(1,057,696	)		237,192			11,105			458,351			385,968			137,605			48,457			90,254			80,488
Interest expense, net		101,748			157,543			131,627			118,542			38,965			42,632			48,419			30,726			24,199			25,619			17,779
Miscellaneous, net		(13,076	)		(3,642	)		(3,414	)		(6,739	)		(1,797	)		(11,828	)		4,686			(37,603	)		(4,009	)		1,907			(77	)
Loss on early extinguishment of debt		11,726			-			-			26,463			-			-			-			-			-			-			-
Reorganization items, net		18,541			87,275			-			-			-			-			-			-			-			-			-
Income (loss) before from continuing operations before income taxes		66,488			(173,849	)		(1,185,909	)		98,926			(26,063	)		427,547			332,863			144,482			28,267			62,728			62,786
Income tax expense (benefit)		(23,838	)		(21,586	)		(194,921	)		47,319			1,573			147,543			127,142			37,870			(2,475	)		21,051			10,442
Income (loss) from continuing operations		90,326			(152,263	)		(990,988	)		51,607			(27,636	)		280,004			205,721			106,244			31,466			41,677			52,344
Extraordinary charge - net of tax		-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		-			599			(6,409	)		(4,499	)		(6,033	)		(14,840	)		(77,417	)		(50,576	)		(16,407	)		(540	)		-
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			-			-
Net income (loss) attributable to noncontrolling interest		3,185			(82	)		1,184			91			563			185			(36	)		(368	)		724			-			-
Net income (loss)	$	87,141		$	(151,582	)	$	(998,581	)	$	47,017		$	(34,232	)	$	264,979		$	128,340		$	56,036		$	14,335		$	41,137		$	52,344



Per Common Share Data:
Income (loss) from continuing operations	$	0.41		$	(2.06	)	$	(14.31	)	$	0.77		$	(0.42	)	$	4.20		$	3.28		$	2.59		$	0.75		$	1.01		$	1.27
Extraordinary charge - early repayment of debt		-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		-			-			(0.10	)		(0.06	)		(0.10	)		(0.22	)		(1.23	)		(1.23	)		(0.40	)		(0.01	)		-
Gain on sale of discontinued business, net of tax		-			0.01			0.01			-			-			-			-			-			-			-			-
Net Income (loss)	$	0.41		$	(2.05	)	$	(14.40	)	$	0.71		$	(0.51	)	$	3.98		$	2.05		$	1.36		$	0.35		$	1.00		$	1.27
Cash dividends		-			-			0.09			0.09			1.09			0.06			0.06			0.06			0.06			0.06			0.06
Book value	$	5.01		$	2.04		$	5.07		$	17.61		$	16.79		$	18.38		$	13.87		$	10.46		$	9.59		$	9.27		$	8.33

Balance Sheet Summary:
Working capital	$	971,830		$	858,030		$	(1,262,242	)	$	395,858		$	528,837		$	404,601		$	383,726		$	211,119		$	179,037		$	203,350		$	124,531
Total assets		3,218,898			3,060,504			3,298,709			3,774,236			2,426,868			2,511,903			2,245,989			1,257,484			1,227,890			1,215,695			705,420
Notes payable and current maturities of long-term debt		58,144			-			1,874,469			2,872			10,322			8,603			8,428			2,680			3,483			5,099			4,657
Long-term debt, less current maturities		1,281,160			41,062			67,514			1,318,558			554,876			518,863			535,866			415,965			450,161			467,242			165,037
Total debt		1,339,304			2,045,094			1,941,983			1,321,430			565,198			527,466			544,294			418,645			453,644			472,341			169,694
Senior secured debt (included in Total Debt)		-			-			-			-			-			-			-			-			-			-			79,199
Total stockholders' equity	$	1,072,663		$	150,920		$	351,741		$	1,172,221		$	1,117,328		$	1,223,598		$	922,956		$	446,696		$	394,324		$	380,932		$	342,559

Cash Flow Summary:
Operating cash flow	$	14,605		$	64,934		$	(680,852	)	$	463,964		$	30,329		$	493,073		$	272,405		$	98,891		$	98,113		$	87,833		$	130,803
Depreciation & amortization (a)		231,045			236,005			240,305			204,903			135,133			134,944			113,788			74,187			70,973			55,390			36,027
Capital expenditures		179,332			88,193			152,501			172,323			143,882			116,587			79,642			53,574			80,388			112,632			92,128
Business acquisitions		-			-			-			1,102,069			-			-			(272,098	)		4,499			-			239,539			-
Financing activities, net	$	(29,480	)	$	101,153		$	797,744		$	630,229		$	(38,750	)	$	18,859		$	96,665		$	(39,767	)	$	(21,793	)	$	246,649		$	(44,050	)

Cashflow Ratios:
EBITDA (b)	$	384,484		$	212,911		$	(818,924	)	$	415,817		$	145,429		$	602,802		$	493,119		$	247,550		$	122,746		$	141,877		$	115,356
EBITDA /interest expense, net		3.78			1.35			(6.22	)		3.51			3.73			14.14			10.18			8.06			5.07			5.54			6.49

Adjusted EBITDA	$	481,906		$	314,719		$	(274,516	)	$	442,189		$	148,633		$	602,617		$	493,155		$	247,918		$	122,022		$	143,310		$	115,356
Adjusted EBITDA /interest expense, net		4.74			2.00			(2.09	)		3.73			3.81			14.14			10.19			8.07			5.04			5.59			6.49


Key Indicators (as a percentage of net sales):
Gross margin		6.7	%		4.4	%		-2.9	%		7.9	%		5.8	%		13.8	%		12.1	%		10.8	%		7.0	%		10.0	%		11.1	%
Selling, general and administrative expenses		3.0	%		3.4	%		3.4	%		4.7	%		5.6	%		5.4	%		4.4	%		4.8	%		4.8	%		5.4	%		5.7	%
Operating income (loss)		2.7	%		0.9	%		-12.4	%		3.2	%		0.2	%		8.4	%		7.6	%		5.9	%		2.2	%		4.6	%		5.4	%
Interest expense, net		1.5	%		2.2	%		1.5	%		1.6	%		0.8	%		0.8	%		1.0	%		1.3	%		1.1	%		1.3	%		1.2	%
Income (loss) from continuing operations		1.3	%		-2.1	%		-11.6	%		0.7	%		-0.5	%		5.1	%		4.1	%		4.6	%		1.4	%		2.1	%		3.5	%
Net income (loss)		1.3	%		-2.1	%		-11.7	%		0.6	%		-0.7	%		4.9	%		2.5	%		2.4	%		0.7	%		2.1	%		3.5	%

(a)

Includes amortization of capitalized financing costs of approximately

14,797

6,788

4,947

6,554

2,606

2,321

1,951

1,477

1,417

1,860

1,236

(b)

“EBITDA” is defined as the sum of net income (loss) from continued operations before extraordinary charges, interest, taxes, depreciation and amortization from continued operations. EBITDA is presented because it is used by us, and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of GAAP results, to compare the performance of companies. EBITDA is not a measurement of financial performance under generally accepted accounting principles and should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any other measures of performance derived in accordance with generally accepted accounting principles. EBITDA is calculated as follows:

Net Income from continued operations	$	90,326		$	(152,263	)	$	(990,988	)	$	51,607	$	(27,636	)	$	280,004	$	205,721		$	106,244		$	31,466		$	41,677	$	52,344
Add:
Income Tax Expense (benefit)		(23,838	)		(21,586	)		(194,921	)		47,319		1,573			147,543		127,142			37,870			(2,475	)		21,051		10,442
Interest expense, net		101,748			157,543			131,627			118,542		38,965			42,632		48,419			30,726			24,199			25,619		17,779
Depreciation and amortization from continued operations		231,045			236,005			240,305			204,903		135,133			134,944		113,788			74,187			70,973			55,390		36,027
Minus:
Amortization of capitalized financing costs		14,797			6,788			4,947			6,554		2,606			2,321		1,951			1,477			1,417			1,860		1,236
EBITDA from continued operations	$	384,484		$	212,911		$	(818,924	)	$	415,817	$	145,429		$	602,802	$	493,119		$	247,550		$	122,746		$	141,877	$	115,356
Add:
Restructuring charges, net		70,340			14,451			44,146			-		3,767			-		-			-			-			-		-
Reorganization items, net		18,541			87,275			-			-		-			-		-			-			-			-		-
Loss on early extinguishment of debt		11,726			-			-			26,463		-			-		-			-			-			1,433		-
Goodwill impairment		-			-			501,446			-		-			-		-			-			-			-		-
Minus:
Net income (loss) attributable to noncontrolling interest		3,185			(82	)		1,184			91		563			185		(36	)		(368	)		724			-		-
Adjusted EBITDA	$	481,906		$	314,719		$	(274,516	)	$	442,189	$	148,633		$	602,617	$	493,155		$	247,918		$	122,022		$	143,310	$	115,356

(c)

In December 2009, the company changes its fiscal year end from the Saturday nearest September 30 of each year to the last Sunday in December of each year. The change was effective for our fiscal 2010 year, which began December 28, 2009 and ended December 26, 2010 and resulted in an approximate three month transition period which began September 27, 2009 and ended December 27, 2009. The reader should assume any reference made to a particular year (for example, 2010) in this report applies to our fiscal year and not the calendar year.

(d)

Results related to discontinued business have been excluded from this analysis since the quarter ended 3/31/01.

(e)

The acquisition of Gold Kist, Inc. occurred on December 27, 2006 and has been accounted for as a purchase, however the results of operations for this acquisition were not included in our consolidated results of operations until the second fiscal quarter beginning December 31, 2006.

(f)

The Company acquired the Conagra Chicken Division on November 23, 2003 for $635.2 including the non-cash value of common stock issued of $357.5 million. The acquisition 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 the acquisition date.

(g)

Fiscal 2004, 1999 and 1993 had 53 weeks.

(h)

The Company acquired WLR Foods on January 27, 2001 for $239.5 million and the assumption of $45.5 million of indebtedness. The acquisition 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 the acquisition date.

Pilgrim's Pride Corporation

Selected Financial Data

for the Fiscal Quarters Ending:

	12/26/10			09/26/10			06/27/10			03/28/10			12/27/09			09/26/09			06/27/09			03/28/09			12/27/08(c)			09/27/08			06/28/08			03/29/08
(In thousands except per share data)
Income Statement Data:
Net sales	$	1,811,293		$	1,719,850		$	1,707,568		$	1,642,918		$	1,602,734		$	1,736,149		$	1,776,813		$	1,698,102		$	1,876,991		$	2,163,134		$	2,207,476		$	2,100,794
Non-recurring recoveries		-			-			-			-			-			-			-			-			-			-			-			-
Asset impairment & Operational Restructuring		1,793			2,525			-			-			2,877			12,464			-			-			-			15,968			-			12,022
Gross margin		119,190			157,294			132,491			52,019			68,753			162,751			165,476			78,743			(96,167	)		(301,380	)		31,568			(56,870	)
Goodwill Impairment		-			-			-			-			-			-			-			-			-			501,446			-			-
Selling, general and administrative expenses		52,129			45,096			63,718			48,601			62,523			46,086			56,880			58,871			79,652			62,344			70,648			81,090
Restructuring and related costs		14,328			(1,006	)		16,882			35,819			(1,359	)		-			-			(435	)		2,422			7,036			3,451			5,669
Operating income (loss)		52,733			113,204			51,891			(32,401	)		7,589			116,665			108,596			20,307			(178,241	)		(872,206	)		(42,531	)		(143,629	)
Interest expense, net		22,540			25,846			25,488			27,873			44,193			36,531			38,355			43,619			39,038			34,015			34,854			33,326
Miscellaneous, net		(4,570	)		(1,676	)		(4,504	)		(2,325	)		(884	)		709			(312	)		(2,599	)		(1,440	)		1,565			(887	)		(1,067	)
Loss on early extinguishment of debt		11,726			-			-			-			-			-			-			-			-			-			-			-
Reorganization items, net		-			-			(2,178	)		20,719			32,726			21,891			16,779			35,355			13,250			-			-			-
Income (loss) from continuing operations before income taxes		23,037			89,034			33,085			(78,668	)		(68,446	)		57,534			53,774			(56,068	)		(229,089	)		(907,786	)		(76,498	)		(175,888	)
Income tax expense (benefit)		(19,544	)		30,512			(1,503	)		(33,304	)		(102,371	)		(24,766	)		555			2,347			278			(109,444	)		(28,451	)		(64,293	)
Income (loss) from continuing operations		42,581			58,522			34,588			(45,364	)		33,925			82,300			53,219			(58,415	)		(229,367	)		(798,342	)		(48,047	)		(111,595	)
Extraordinary charge - net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		-			-			-			-			-			-			-			25			574			(2,862	)		(4,437	)		53
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Net income (loss) attributable to noncontrolling interest		737			596			1,670			183			312			(425	)		(20	)		376			(13	)		819			297			(94	)
Net income (loss)	$	41,844		$	57,926		$	32,918		$	(45,547	)	$	33,613		$	82,725		$	53,239		$	(58,766	)	$	(228,780	)	$	(802,023	)	$	(52,781	)	$	(111,448	)

Per Common Share Data:
Income (loss) from continuing operations	$	0.20		$	0.27		$	0.16		$	(0.21	)	$	0.45		$	1.12		$	0.72		$	(0.79	)	$	(3.10	)	$	(10.79	)	$	(0.69	)	$	(1.67	)
Extraordinary charge - early repayment of debt		-			-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			(0.04	)		(0.06	)		(0.01	)
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			0.01			-			-			0.01
Net Income (loss)		0.20			0.27			0.16			(0.21	)		0.45			1.12			0.72			(0.79	)		(3.09	)		(10.83	)		(0.75	)		(1.67	)
Cash dividends		-			-			-			-			-			-			-			-			-			0.02			0.02			0.02
Book value	$	5.01		$	4.84		$	4.60		$	4.44		$	2.58		$	2.04		$	1.58		$	0.88		$	1.75		$	5.07		$	17.23		$	15.40

Balance Sheet Summary:
Working capital	$	971,830		$	821,087		$	654,062		$	538,271		$	675,256		$	858,030		$	814,979		$	713,466		$	757,862		$	(1,262,242	)	$	535,666		$	581,404
Total assets		3,218,898			3,017,981			2,927,240			2,887,937			3,209,463			3,060,504			3,031,230			3,165,409			3,215,103			3,298,709			3,847,185			3,892,029
Notes payable and current maturities of long-term debt		58,144			75,355			62,853			50,347			221,195			-			-			89,792			-			1,874,469			2,295			2,891
Long-term debt, less current maturities		1,281,160			1,166,606			1,167,930			1,145,755			1,876,277			41,062			42,133			38,950			41,521			67,514			1,518,979			1,629,930
Total debt		1,339,304			1,241,961			1,230,783			1,196,102			2,097,472			2,045,094			2,069,012			2,155,248			2,090,565			1,941,983			1,521,274			1,632,821
Senior secured debt (included in Total Debt)		-			-			-			-			-			-			-			-			-			-			-			-
Total stockholders' equity	$	1,072,663		$	1,036,239		$	985,157		$	950,626		$	191,952		$	150,920		$	117,287		$	65,026		$	129,420		$	351,741		$	1,147,046		$	1,024,764

Cash Flow Summary:
Operating cash flow	$	(7,703	)	$	37,250		$	(10,187	)	$	(4,755	)	$	(4,057	)	$	117,943		$	109,991		$	(49,729	)	$	(113,271	)	$	(347,898	)	$	(87,220	)	$	(210,535	)
Depreciation & amortization (a)		55,648			57,924			59,705			57,768			56,705			58,172			57,162			60,513			60,158			63,428			60,581			60,373
Capital expenditures		70,295			41,594			36,553			30,890			30,463			22,588			17,246			19,331			29,028			36,349			45,936			27,532
Business acquisitions		-			-			-			-			-			-			-			-			-			-			-			-
Financing activities, net	$	84,340		$	3,642		$	35,184		$	(152,646	)	$	48,250		$	1,623		$	(97,714	)	$	77,780		$	119,464		$	372,927		$	92,060		$	225,993

Cashflow Ratios:
EBITDA (b)	$	97,696		$	169,078		$	114,517		$	3,193		$	31,015		$	150,531		$	147,527		$	46,290		$	(131,437	)	$	(811,492	)	$	17,241		$	(83,247	)
EBITDA (last four qtrs.)	$	384,484		$	317,803		$	299,256		$	332,266		$	375,363		$	212,911		$	(749,112	)	$	(879,398	)	$	(1,008,935	)	$	(818,924	)	$	163,263		$	330,581

Adjusted EBITDA (b)	$	124,806		$	170,001		$	127,551		$	59,548		$	64,947		$	185,311		$	165,957		$	79,203		$	(115,752	)	$	(287,861	)	$	20,395		$	(65,462	)
Adjusted EBITDA (last four qtrs.)	$	481,906		$	422,047		$	437,357		$	475,763		$	495,418		$	314,719		$	(158,453	)	$	(304,015	)	$	(448,680	)	$	(274,516	)	$	183,920		$	360,177

Key Indicators (as a percentage of net sales):
Gross margin		6.6	%		9.1	%		7.8	%		3.2	%		4.3	%		9.4	%		9.3	%		4.6	%		-5.1	%		-13.9	%		1.4	%		-2.7	%
Selling, general and administrative expenses		2.9	%		2.6	%		3.7	%		3.0	%		3.9	%		2.7	%		3.2	%		3.5	%		4.2	%		2.9	%		3.2	%		3.9	%
Operating income (loss)		2.9	%		6.6	%		3.0	%		-2.0	%		0.5	%		6.7	%		6.1	%		1.2	%		-9.5	%		-40.3	%		-1.9	%		-6.8	%
Interest expense, net		1.2	%		1.5	%		1.5	%		1.7	%		2.8	%		2.1	%		2.2	%		2.6	%		2.1	%		1.6	%		1.6	%		1.6	%
Net income (loss)		2.4	%		3.4	%		2.0	%		-2.8	%		2.1	%		4.7	%		3.0	%		-3.4	%		-12.2	%		-37.0	%		-2.4	%		-5.3	%

(a) Includes amortization of capitalized financing costs of approximately	$	3,529		$	3,726		$	3,761		$	3,780		$	1,437		$	1,706		$	1,764		$	1,774		$	1,544		$	1,149		$	1,696		$	1,058

(b) “EBITDA” is defined as the sum of income (loss) from continuing operations plus interest, taxes, depreciation and amortization. “Adjusted EBITDA” is defined as the sum of EBITDA plus restructuring charges and reorganization items. EBITDA is presented because it is used by us and we believe it is frequently used by securities analysts, investors and other interested parties, in addition to and not in lieu of results prepared in conformity with accounting principles generally accepted in the US (“GAAP”), to compare the performance of companies. We believe investors would be interested in our Adjusted EBITDA because this is how our management analyzes EBITDA from continuing operations. The Company also believes that Adjusted EBITDA, in combination with the Company's financial results calculated in accordance with GAAP, provides investors with additional perspective regarding the impact of certain significant items on EBITDA and facilitates a more direct comparison of its performance with its competitors. EBITDA and Adjusted EBITDA are not measurements of financial performance under GAAP. They should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any other measures of performance derived in accordance with GAAP.

Net Income attributable to Pilgrim's Pride	$	42,581		$	58,522	$	34,588		$	(45,364	)	$	33,925		$	82,300		$	53,219		$	(58,415	)	$	(229,367	)	$	(798,342	)	$	(48,047	)	$	(111,595	)
Add:
Income Tax Expense (benefit)		(19,544	)		30,512		(1,503	)		(33,304	)		(102,371	)		(24,766	)		555			2,347			278			(109,444	)		(28,451	)		(64,293	)
Interest expense, net		22,540			25,846		25,488			27,873			44,193			36,531			38,355			43,619			39,038			34,015			34,854			33,326
Depreciation and amortization		55,648			57,924		59,705			57,768			56,705			58,172			57,162			60,513			60,158			63,428			60,581			60,373
Minus:
Amortization of capitalized financing costs		3,529			3,726		3,761			3,780			1,437			1,706			1,764			1,774			1,544			1,149			1,696			1,058
EBITDA	$	97,696		$	169,078	$	114,517		$	3,193		$	31,015		$	150,531		$	147,527		$	46,290		$	(131,437	)	$	(811,492	)	$	17,241		$	(83,247	)
Add:
Restructuring charges, net		16,121			1,519		16,882			35,819			1,518			12,464			-			(435	)		2,422			23,004			3,451			17,691
Reorganization items, net		-			-		(2,178	)		20,719			32,726			21,891			18,410			33,724			13,250			-			-			-
Loss on early extingusihment of debt		11,726			-		-			-			-			-			-			-			-			-			-			-
Minus:
Net income (loss) attributable to noncontrolling interest		737			596		1,670			183			312			(425	)		(20	)		376			(13	)		819			297			(94	)
Adjusted EBITDA	$	124,806		$	170,001	$	127,551		$	59,548		$	64,947		$	185,311		$	165,957		$	79,203		$	(115,752	)	$	(287,861	)	$	20,395		$	(65,462	)

(c) On December 1, 2008, the company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division.

	12/29/07			09/29/07			06/30/07			3/31/07 (c)			12/30/06 (d)			09/30/06			07/01/06			04/01/06			12/31/05			10/01/05			07/02/05			04/02/05
(In thousands except per share data)
Income Statement Data:
Net sales	$	2,047,353		$	2,114,971		$	2,104,499		$	1,987,185		$	1,291,957		$	1,308,429		$	1,275,586		$	1,261,999		$	1,306,715		$	1,432,470		$	1,402,501		$	1,337,993
Non-recurring recoveries		-			-			-			-			-			-			-			-			-			-			-			-
Asset impairment & Operational Restructuring		-			-			-			-			-			-			-			-			-			-			-			-
Gross margin		79,323			211,618			234,825			84,050			62,238			95,855			46,183			38,413			116,632			203,421			232,287			159,543
Goodwill Impairment		-			-			-			-			-			-			-			-			-			-			-			-
Selling, general and administrative expenses		78,653			95,747			97,929			94,723			67,140			76,246			70,500			70,470			68,762			77,636			89,940			65,104
Restructuring and related costs		-			-			-			-			-			-			-			-			-			-			-			-
Operating income (loss)		670			115,871			136,896			(10,673	)		(4,902	)		19,609			(24,317	)		(32,057	)		47,870			125,785			142,347			94,439
Interest expense, net		29,432			29,424			39,820			36,936			12,362			10,169			11,024			9,628			8,144			9,770			12,011			9,115
Miscellaneous, net		(3,025	)		780			(2,764	)		(3,669	)		(1,086	)		(1,174	)		(370	)		(1,029	)		776			380			(24	)		(10,973	)
Loss on early extinguishment of debt		-			-			11,988			14,475			-			-			-			-			-			-			-			-
Reorganization items, net		-			-			-			-			-			-			-			-			-			-			-			-
Income (loss) from continuing operations before income taxes		(25,737	)		85,667			87,852			(58,415	)		(16,178	)		10,614			(34,971	)		(40,656	)		38,950			115,635			130,360			96,297
Income tax expense (benefit)		7,267			36,474			36,668			(19,397	)		(6,426	)		19,051			(16,420	)		(12,766	)		11,708			36,969			40,840			36,351
Income (loss) from continuing operations		(33,004	)		49,193			51,184			(39,018	)		(9,752	)		(8,437	)		(18,551	)		(27,890	)		27,242			78,666			89,520			59,946
Extraordinary charge - net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		837			(3,897	)		(636	)		(1,057	)		1,091			907			(1,783	)		(3,927	)		(1,230	)		(3,881	)		(4,149	)		(3,540	)
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Net income (loss) attributable to noncontrolling interest		162			120			(105	)		1			75			(47	)		139			137			334			57			18			17
Net income (loss)	$	(32,329	)	$	45,176		$	50,653		$	(40,076	)	$	(8,736	)	$	(7,483	)	$	(20,473	)	$	(31,954	)	$	25,678		$	74,728		$	85,353		$	56,389

Per Common Share Data:
Income (loss) from continuing operations	$	(0.50	)	$	0.56		$	0.95		$	(0.59	)	$	(0.15	)	$	(0.12	)	$	(0.28	)	$	(0.42	)	$	0.41		$	1.18		$	1.34		$	0.90
Extraordinary charge - early repayment of debt		-			-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		0.01			(0.06	)		(0.01	)		(0.01	)		0.02			0.01			(0.03	)		(0.06	)		(0.02	)		(0.06	)		(0.06	)		(0.05	)
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Net Income (loss)		(0.49	)		0.50			0.94			(0.60	)		(0.13	)		(0.11	)		(0.31	)		(0.48	)		0.39			1.12			1.28			0.85
Cash dividends		0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02
Book value	$	17.10		$	17.61		$	16.98		$	16.06		$	16.68		$	16.79		$	16.90		$	17.24		$	17.75		$	18.38		$	16.69		$	15.42

Balance Sheet Summary:
Working capital	$	457,796		$	395,858		$	717,527		$	724,972		$	625,739		$	528,837		$	438,856		$	402,201		$	378,006		$	404,601		$	568,947		$	492,251
Total assets		3,836,712			3,774,236			4,187,550			4,146,997			4,077,183			2,426,868			2,335,571			2,392,463			2,563,119			2,511,903			2,402,850			2,269,536
Notes payable and current maturities of long-term debt		2,884			2,872			31,434			8,253			4,476			10,322			7,768			8,211			8,658			8,603			8,552			8,501
Long-term debt, less current maturities		1,404,062			1,318,558			1,718,774			1,789,519			713,105			554,876			484,970			486,903			508,516			518,863			521,087			523,404
Total debt		1,406,946			1,321,430			1,750,208			1,797,772			717,581			565,198			492,738			495,114			517,174			527,466			529,639			531,905
Senior secured debt (included in Total Debt)		-			-			-			-			-			-			-			-			-			-			-			-
Total stockholders' equity	$	1,138,228		$	1,172,221		$	1,130,034		$	1,068,846		$	1,110,330		$	1,117,328		$	1,124,861		$	1,147,355		$	1,181,130		$	1,223,598		$	1,110,628		$	1,026,116

Cash Flow Summary:
Operating cash flow	$	(35,199	)	$	449,356		$	66,837		$	(46,500	)	$	(5,729	)	$	19,808		$	8,558		$	(54,103	)	$	56,066		$	130,167		$	190,088		$	5,381
Depreciation & amortization (a)		55,923			59,225			58,005			54,976			32,697			35,081			34,960			34,744			30,348			40,681			30,421			33,777
Capital expenditures		42,684			36,163			41,711			55,099			39,350			42,568			26,794			30,654			43,866			26,439			37,994			27,994
Business acquisitions		-			(6,748	)		-			1,074,752			34,065			-			-			-			-			-			-			-
Financing activities, net	$	106,764		$	(413,231	)	$	(40,554	)	$	1,076,349		$	7,665		$	67,026		$	(3,875	)	$	(90,112	)	$	(11,789	)	$	36,510		$	(3,264	)	$	(3,150	)

Cashflow Ratios:
EBITDA (b)	$	58,574		$	170,695		$	184,559		$	32,387		$	28,176		$	55,292		$	10,536		$	2,740		$	76,861		$	165,505		$	172,202		$	138,609
EBITDA (last four qtrs.)	$	446,215		$	415,817		$	300,414		$	126,391		$	96,744		$	145,429		$	255,642		$	417,308		$	553,177		$	702,377		$	845,512		$	948,678

Adjusted EBITDA (b)	$	58,412		$	170,575		$	196,652		$	46,861		$	28,101		$	59,106		$	10,397		$	2,603		$	76,527		$	165,448		$	172,184		$	138,592
Adjusted EBITDA (last four qtrs.)	$	472,500		$	442,189		$	330,720		$	144,465		$	100,207		$	148,633		$	254,975		$	416,762		$	552,751		$	602,617		$	617,402		$	581,928

Key Indicators (as a percentage of net sales):
Gross margin		3.9	%		10.0	%		11.2	%		4.2	%		4.8	%		7.3	%		3.6	%		3.0	%		8.9	%		14.2	%		16.6	%		11.9	%
Selling, general and administrative expenses		3.8	%		4.5	%		4.7	%		4.8	%		5.2	%		5.8	%		5.5	%		5.6	%		5.3	%		5.4	%		6.4	%		4.9	%
Operating income (loss)		0.0	%		5.5	%		6.5	%		-0.5	%		-0.4	%		1.5	%		-1.9	%		-2.5	%		3.7	%		8.8	%		10.1	%		7.1	%
Interest expense, net		1.4	%		1.4	%		1.9	%		1.9	%		1.0	%		0.8	%		0.9	%		0.8	%		0.6	%		0.7	%		0.9	%		0.7	%
Net income (loss)		-1.6	%		2.1	%		2.4	%		-2.0	%		-0.7	%		-0.6	%		-1.6	%		-2.5	%		2.0	%		5.2	%		6.1	%		4.2	%

(a) Includes amortization of capitalized financing costs of approximately	$	1,044		$	3,621		$	1,118		$	1,110		$	705		$	572		$	477		$	976		$	581		$	581		$	590		$	580

Net Income attributable to Pilgrim's Pride	$	(33,004	)	$	49,193	$	51,184		$	(39,018	)	$	(9,752	)	$	(8,437	)	$	(18,551	)	$	(27,890	)	$	27,242	$	78,666	$	89,520	$	59,946
Add:
Income Tax Expense (benefit)		7,267			36,474		36,668			(19,397	)		(6,426	)		19,051			(16,420	)		(12,766	)		11,708		36,969		40,840		36,351
Interest expense, net		29,432			29,424		39,820			36,936			12,362			10,169			11,024			9,628			8,144		9,770		12,011		9,115
Depreciation and amortization		55,923			59,225		58,005			54,976			32,697			35,081			34,960			34,744			30,348		40,681		30,421		33,777
Minus:
Amortization of capitalized financing costs		1,044			3,621		1,118			1,110			705			572			477			976			581		581		590		580
EBITDA	$	58,574		$	170,695	$	184,559		$	32,387		$	28,176		$	55,292		$	10,536		$	2,740		$	76,861	$	165,505	$	172,202	$	138,609
Add:
Restructuring charges, net		-			-		-			-			-			3,767			-			-			-		-		-		-
Reorganization items, net		-			-		-			-			-			-			-			-			-		-		-		-
Loss on early extingusihment of debt		-			-		11,988			14,475			-			-			-			-			-		-		-		-
Minus:
Net income (loss) attributable to noncontrolling interest		162			120		(105	)		1			75			(47	)		139			137			334		57		18		17
Adjusted EBITDA	$	58,412		$	170,575	$	196,652		$	46,861		$	28,101		$	59,106		$	10,397		$	2,603		$	76,527	$	165,448	$	172,184	$	138,592

(d) The quarter ended December 30, 2006 includes the acquisition of Gold Kist which occurred December 27, 2006.

	01/01/05			10/02/04			07/03/04			04/03/04			1/3/2004 (c)(d)			09/27/03			06/28/03			03/29/03			12/28/02			09/28/02			06/29/02			03/30/02
(In thousands except per share data)
Income Statement Data:
Net sales	$	1,288,473		$	1,413,922		$	1,381,709		$	1,330,798		$	951,043		$	632,868		$	579,588		$	568,185		$	533,026		$	556,987		$	560,460		$	528,527
Non-recurring recoveries		-			23,815			-			-			-			-			-			-			-			-			-			-
Asset impairment & Operational Restructuring		-			-			-			-			-			-			-			-			-			-			-			-
Gross margin		156,066			218,054			179,770			128,004			86,010			77,993			74,781			46,802			49,787			35,514			45,093			28,793
Goodwill Impairment		-			-			-			-			-			-			-			-			-			-			-			-
Selling, general and administrative expenses		60,286			59,766			71,510			55,152			39,442			28,775			28,915			28,890			25,178			27,731			25,433			25,606
Restructuring and related costs		-			-			-			-			-			-			-			-			-			-			-			-
Operating income (loss)		95,780			158,288			108,260			72,852			46,568			49,218			45,866			17,912			24,609			7,783			19,660			3,187
Interest expense, net		11,736			10,654			13,451			12,507			11,807			7,399			7,701			8,084			7,542			5,443			6,864			5,491
Miscellaneous, net		(1,211	)		3,143			301			1,477			(235	)		(350	)		(8,459	)		(26,678	)		(2,116	)		(2,091	)		(1,509	)		513
Loss on early extinguishment of debt		-			-			-			-			-			-			-			-			-			-			-			-
Reorganization items, net		-			-			-			-			-			-			-			-			-			-			-			-
Income (loss) from continuing operations before income taxes		85,255			144,491			94,508			58,868			34,996			42,169			46,624			36,506			19,183			4,431			14,305			(2,817	)
Income tax expense (benefit)		33,383			54,785			39,587			18,259			14,511			1,383			15,834			14,312			6,341			(224	)		6,195			(9,877	)
Income (loss) from continuing operations		51,872			89,706			54,921			40,609			20,485			40,715			30,797			21,989			12,743			4,259			8,138			8,152
Extraordinary charge - net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		(3,270	)		(14,459	)		(45,058	)		(7,693	)		(10,207	)		(15,713	)		(13,348	)		(11,429	)		(10,086	)		(7,829	)		(4,844	)		(5,808	)
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Net income (loss) attributable to noncontrolling interest		93			(42	)		49			(35	)		(8	)		(71	)		7			(205	)		(99	)		(396	)		28			1,092
Net income (loss)	$	48,509		$	75,289		$	9,814		$	32,951		$	10,286		$	25,073		$	17,442		$	10,765		$	2,756		$	(3,174	)	$	3,266		$	1,252

Per Common Share Data:
Income (loss) from continuing operations	$	0.78		$	1.35		$	0.83		$	0.61		$	0.40		$	0.99		$	0.75		$	0.54		$	0.31		$	0.11		$	0.20		$	0.17
Extraordinary charge - early repayment of debt		-			-			-			-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		(0.05	)		(0.22	)		(0.68	)		(0.11	)		(0.20	)		(0.38	)		(0.33	)		(0.28	)		(0.24	)		(0.19	)		(0.12	)		(0.14	)
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-			-			-			-
Net Income (loss)		0.73			1.13			0.15			0.50			0.20			0.61			0.42			0.26			0.07			(0.08	)		0.08			0.03
Cash dividends		0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02
Book value	$	14.58		$	13.87		$	12.77		$	12.62		$	12.15		$	10.46		$	10.27		$	9.86		$	9.61		$	9.59		$	9.68		$	9.57

Balance Sheet Summary:
Working capital	$	430,334		$	383,726		$	365,903		$	325,603		$	361,346		$	211,119		$	267,844		$	250,892		$	171,576		$	179,037		$	157,980		$	149,869
Total assets		2,279,836			2,245,989			2,134,229			2,148,048			2,197,302			1,257,484			1,278,920			1,259,111			1,219,911			1,227,890			1,218,365			1,195,552
Notes payable and current maturities of long-term debt		8,454			8,428			8,175			8,331			11,413			2,680			2,635			4,272			3,525			3,483			5,207			5,126
Long-term debt, less current maturities		525,602			535,866			591,297			643,298			714,325			415,965			480,150			491,825			434,102			450,161			418,064			410,628
Total debt		534,056			544,294			599,472			651,629			725,738			418,645			482,785			496,097			437,627			453,644			423,271			415,754
Senior secured debt (included in Total Debt)		-			-			-			-			-			-			-			-			-			-			-			-
Total stockholders' equity	$	970,422		$	922,956		$	849,862		$	840,193		$	808,444		$	446,696		$	422,189		$	405,329		$	395,115		$	394,324		$	397,910		$	393,641

Cash Flow Summary:
Operating cash flow	$	167,437		$	46,661		$	65,884		$	41,063		$	118,797		$	84,198		$	30,693		$	(56,617	)	$	40,617		$	59,345		$	15,706		$	(58,711	)
Depreciation & amortization (a)		30,065			25,668			29,122			33,087			25,911			19,934			18,940			17,803			17,510			18,114			17,813			17,647
Capital expenditures		24,160			23,805			16,027			19,600			20,208			17,429			11,122			15,907			9,116			23,958			24,199			14,898
Business acquisitions		-			32,495			(538	)		(1,343	)		(302,712	)		4,499			-			-			-			-			-			-
Financing activities, net	$	(11,237	)	$	(55,732	)	$	(60,951	)	$	(71,832	)	$	285,180		$	(67,051	)	$	(13,931	)	$	57,852		$	(16,637	)	$	(28,388	)	$	9,419		$	68,015

Cashflow Ratios:
EBITDA (b)	$	126,486		$	180,191		$	136,759		$	103,974		$	72,195		$	69,059		$	72,857		$	61,881		$	43,753		$	27,210		$	38,638		$	21,052
EBITDA (last four qtrs.)	$	547,410		$	463,587		$	453,368		$	493,440		$	275,992		$	223,417		$	222,813		$	250,475		$	130,653		$	202,840		$	223,984		$	264,490

Adjusted EBITDA (b)	$	126,393		$	180,233		$	136,710		$	104,009		$	72,203		$	69,130		$	72,850		$	62,086		$	43,852		$	27,606		$	38,610		$	19,960
Adjusted EBITDA (last four qtrs.)	$	547,345		$	493,155		$	382,052		$	318,192		$	276,269		$	247,918		$	206,394		$	172,154		$	130,028		$	122,022		$	139,318		$	158,800

Key Indicators (as a percentage of net sales):
Gross margin		12.1	%		15.4	%		13.0	%		9.6	%		9.0	%		12.3	%		12.9	%		8.2	%		9.3	%		6.4	%		8.0	%		5.4	%
Selling, general and administrative expenses		4.7	%		4.2	%		5.2	%		4.1	%		4.1	%		4.5	%		5.0	%		5.1	%		4.7	%		5.0	%		4.5	%		4.8	%
Operating income (loss)		7.4	%		11.2	%		7.8	%		5.5	%		4.9	%		7.8	%		7.9	%		3.2	%		4.6	%		1.4	%		3.5	%		0.6	%
Interest expense, net		0.9	%		0.8	%		1.0	%		0.9	%		1.2	%		1.2	%		1.3	%		1.4	%		1.4	%		1.0	%		1.2	%		1.0	%
Net income (loss)		3.8	%		5.3	%		0.7	%		2.5	%		1.1	%		4.0	%		3.0	%		1.9	%		0.5	%		-0.6	%		0.6	%		0.4	%

(a) Includes amortization of capitalized financing costs of approximately	$	570		$	622		$	322		$	488		$	519		$	372		$	415		$	307		$	383		$	382		$	372		$	361

Net Income attributable to Pilgrim's Pride	$	51,872	$	89,706		$	54,921	$	40,609		$	20,485		$	40,715		$	30,797	$	21,989		$	12,743		$	4,259		$	8,138	$	8,152
Add:
Income Tax Expense (benefit)		33,383		54,785			39,587		18,259			14,511			1,383			15,834		14,312			6,341			(224	)		6,195		(9,877	)
Interest expense, net		11,736		10,654			13,451		12,507			11,807			7,399			7,701		8,084			7,542			5,443			6,864		5,491
Depreciation and amortization		30,065		25,668			29,122		33,087			25,911			19,934			18,940		17,803			17,510			18,114			17,813		17,647
Minus:
Amortization of capitalized financing costs		570		622			322		488			519			372			415		307			383			382			372		361
EBITDA	$	126,486	$	180,191		$	136,759	$	103,974		$	72,195		$	69,059		$	72,857	$	61,881		$	43,753		$	27,210		$	38,638	$	21,052
Add:
Restructuring charges, net		-		-			-		-			-			-			-		-			-			-			-		-
Reorganization items, net		-		-			-		-			-			-			-		-			-			-			-		-
Loss on early extingusihment of debt		-		-			-		-			-			-			-		-			-			-			-		-
Minus:
Net income (loss) attributable to noncontrolling interest		93		(42	)		49		(35	)		(8	)		(71	)		7		(205	)		(99	)		(396	)		28		1,092
Adjusted EBITDA	$	126,393	$	180,233		$	136,710	$	104,009		$	72,203		$	69,130		$	72,850	$	62,086		$	43,852		$	27,606		$	38,610	$	19,960

(c) Fiscal quarters ended January 3, 2004, and January 1, 1999 and had 14 weeks.

(d) The Company acquired the Conagra Chicken Division on November 23, 2003 for $635.2 including the non-cash value of common stock issued of $357.5 million. The acquisition 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 the acquisition date.

	12/29/01			09/29/01			06/30/01			3/31/2001(c)			12/30/00			09/30/00			07/01/00			04/01/00			01/01/00
(In thousands except per share data)
Income Statement Data:
Net sales	$	539,626		$	552,636		$	558,456		$	478,753		$	386,032		$	379,375		$	391,979		$	373,260		$	354,825
Non-recurring recoveries		-			-			-			-			-			-			-			-			-
Asset impairment & Operational Restructuring		-			-			-			-			-			-			-			-			-
Gross margin		44,199			91,648			42,480			16,267			47,166			39,657			46,665			34,029			45,477
Goodwill Impairment		-			-			-			-			-			-			-			-			-
Selling, general and administrative expenses		26,372			62,937			742			19,673			23,955			24,022			20,316			20,747			20,255
Restructuring and related costs		-			-			-			-			-			-			-			-			-
Operating income (loss)		17,827			28,711			41,738			(3,406	)		23,211			15,635			26,349			13,282			25,222
Interest expense, net		6,401			7,338			8,281			5,860			4,140			4,210			4,967			4,699			3,903
Miscellaneous, net		(922	)		998			1,149			(239	)		(1	)		(337	)		1,063			(595	)		(208	)
Loss on early extinguishment of debt		-			-			-			-			-			-			-			-			-
Reorganization items, net		-			-			-			-			-			-			-			-			-
Income (loss) from continuing operations before income taxes		12,348			20,375			32,308			(9,027	)		19,072			11,762			20,319			9,178			21,527
Income tax expense (benefit)		1,431			7,570			8,295			(1,149	)		6,335			443			3,175			155			6,669
Income (loss) from continuing operations		10,917			12,805			24,013			(7,878	)		12,737			11,319			17,144			9,023			14,858
Extraordinary charge - net of tax		-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		2,074			129			1,255			(1,924	)		-			-			-			-			-
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-
Net income (loss) attributable to noncontrolling interest		-			-			-			-			-			-			-			-			-
Net income (loss)	$	12,991		$	12,934		$	25,268		$	(9,802	)	$	12,737		$	11,319		$	17,144		$	9,023		$	14,858

Per Common Share Data: (l)
Income (loss) from continuing operations	$	0.27		$	0.31		$	0.58		$	(0.19	)	$	0.31		$	0.28		$	0.42		$	0.22		$	0.36
Extraordinary charge - early repayment of debt		-			-			-			-			-			-			-			-			-
Income(loss) from operation of discontinued business, net of tax		0.05			-			0.04			(0.05	)		-			-			-			-			-
Gain on sale of discontinued business, net of tax		-			-			-			-			-			-			-			-			-
Net Income (loss)		0.32			0.31			0.62			(0.24	)		0.31			0.28			0.42			0.22			0.36
Cash dividends		0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02			0.02
Book value	$	9.53		$	9.27		$	8.96		$	8.37		$	8.63		$	8.33		$	8.05		$	7.66		$	7.45

Balance Sheet Summary:
Working capital	$	143,360		$	203,350		$	177,194		$	166,456		$	107,508		$	124,531		$	142,915		$	139,465		$	148,659
Total assets		1,153,438			1,215,695			1,204,820			1,176,261			714,340			705,420			686,450			665,158			652,970
Notes payable and current maturities of long-term debt		5,177			5,099			5,022			4,947			4,742			4,657			4,729			5,041			4,103
Long-term debt, less current maturities		396,945			467,242			444,125			460,346			156,546			165,037			172,686			175,350			163,230
Total debt		402,122			472,341			449,147			465,293			161,288			169,694			177,415			180,391			167,333
Senior secured debt (included in Total Debt)		-			-			-			-			-			79,199			86,957			87,873			73,931
Total stockholders' equity	$	391,644		$	380,932		$	368,479		$	344,261		$	354,676		$	342,559		$	332,110		$	316,898		$	308,496

Cash Flow Summary:
Operating cash flow	$	81,773		$	70,581		$	48,738		$	(47,486	)	$	16,000		$	69,097		$	18,298		$	11,588		$	31,820
Depreciation & amortization (a)		17,399			15,962			18,608			12,152			8,668			9,279			9,284			8,878			8,586
Capital expenditures		17,333			(7,615	)		59,847			27,793			32,607			35,195			21,565			20,956			14,412
Business acquisitions		-			-			-			239,539			-			-			-			-			-
Financing activities, net	$	(70,839	)	$	(347,241	)	$	285,825		$	307,629		$	436		$	(8,628	)	$	(4,957	)	$	(9,035	)	$	(21,430	)

Cashflow Ratios:
EBITDA (b)	$	35,846		$	43,469		$	58,092		$	8,704		$	31,612		$	25,020		$	34,198		$	22,385		$	33,753
EBITDA (last four qtrs.)	$	146,111		$	158,825		$	198,468		$	183,278		$	113,215		$	25,020		$	34,198		$	22,385		$	33,753

Adjusted EBITDA (b)	$	35,846		$	44,902		$	58,092		$	8,704		$	31,612		$	25,020		$	34,198		$	22,385		$	33,753
Adjusted EBITDA (last four qtrs.)	$	147,544		$	143,310		$	123,428		$	99,534		$	113,215		$	115,356		$	90,336		$	56,138		$	33,753

Key Indicators (as a percentage of net sales):
Gross margin		8.2	%		16.6	%		7.6	%		3.4	%		12.2	%		10.5	%		11.9	%		9.1	%		12.8	%
Selling, general and administrative expenses		4.9	%		11.4	%		0.1	%		4.1	%		6.2	%		6.3	%		5.2	%		5.6	%		5.7	%
Operating income (loss)		3.3	%		5.2	%		7.5	%		-0.7	%		6.0	%		4.1	%		6.7	%		3.6	%		7.1	%
Interest expense, net		1.2	%		1.3	%		1.5	%		1.2	%		1.1	%		1.1	%		1.3	%		1.3	%		1.1	%
Net income (loss)		2.4	%		2.3	%		4.5	%		-2.0	%		3.3	%		3.0	%		4.4	%		2.4	%		4.2	%

(a) Includes amortization of capitalized financing costs of approximately	$	302		$	206		$	1,105		$	281		$	268		$	231		$	372		$	370		$	263

Net Income attributable to Pilgrim's Pride	$	10,917	$	12,805	$	24,013	$	(7,878	)	$	12,737	$	11,319	$	17,144	$	9,023	$	14,858
Add:
Income Tax Expense (benefit)		1,431		7,570		8,295		(1,149	)		6,335		443		3,175		155		6,669
Interest expense, net		6,401		7,338		8,281		5,860			4,140		4,210		4,967		4,699		3,903
Depreciation and amortization		17,399		15,962		18,608		12,152			8,668		9,279		9,284		8,878		8,586
Minus:
Amortization of capitalized financing costs		302		206		1,105		281			268		231		372		370		263
EBITDA	$	35,846	$	43,469	$	58,092	$	8,704		$	31,612	$	25,020	$	34,198	$	22,385	$	33,753
Add:
Restructuring charges, net		-		-		-		-			-		-		-		-		-
Reorganization items, net		-		-		-		-			-		-		-		-		-
Loss on early extingusihment of debt		-		1,433		-		-			-		-		-		-		-
Minus:
Net income (loss) attributable to noncontrolling interest		-		-		-		-			-		-		-		-		-
Adjusted EBITDA	$	35,846	$	44,902	$	58,092	$	8,704		$	31,612	$	25,020	$	34,198	$	22,385	$	33,753

(c) The Company acquired WLR Foods on January 27, 2001 for $239.5 million and the assumption of $45.5 million of indebtedness. The acquisition 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 the acquisition date.