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form8_k.htm

UNITED STATES

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): November 13, 2007

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.)

4845 US Hwy. 271 N.
Pittsburg, Texas	75686-0093
(Address of Principal Executive Offices)	(ZIP Code)

Registrant's telephone number, including area code: (903) 434-1000

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: November 13, 2007



By:		/s/ Richard A. Cogdill

		Richard A. Cogdill Executive Vice President, Chief Financial Officer, Secretary and Treasurer

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 Quarter Ended:

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.

	Sept 29,		Sept 30,
	2007		2006

Chicken Sales:
United States
Prepared Foods:
Foodservice	$	532,163	$	408,784
Retail	$	133,466	$	79,447
Total Prepared Foods	$	665,629	$	488,232

Fresh Chicken:
Foodservice	$	646,305	$	352,044
Retail	$	269,095	$	127,273
Total Fresh Chicken	$	915,401	$	479,318
Export and Other
Export:
Prepared Foods	$	21,466	$	15,758
Chicken	$	197,192	$	72,020
Total Export	$	218,659	$	87,778
Other Chicken By Products	$	4,937	$	3,783
Total Export and Other	$	223,596	$	91,562
Total U.S. Chicken	$	1,804,625	$	1,059,111

Mexico:	$	122,875	$	115,315
Total Chicken Sales	$	1,927,500	$	1,174,426

Total Prepared Foods		687,095		503,990

Turkey Sales:
Prepared Foods:
Foodservice	$	350	$	501
Retail	$	910	$	326
Total Prepared Foods	$	1,260	$	827

Fresh Turkey:
Foodservice	$	3,175	$	4,226
Retail	$	34,248	$	29,549
Total Fresh Turkey	$	37,423	$	33,775
Export and Other
Export:
Prepared Foods	$	0	$	39
Turkey	$	413	$	1,295
Total Export (a)	$	413	$	1,334
Other Turkey By Products	$	247	$	193
Total Export and Other	$	660	$	1,527
Total Turkey Sales	$	39,343	$	36,129

Total Prepared Foods	$	1,260	$	866

Sale of Other Products
U.S.	$	173,803	$	124,901
Mexico	$	8,470	$	2,943
Total Other Products	$	182,273	$	127,843
Total Net Sales	$	2,149,116	$	1,338,398

	Sept 29,			Sept 30,
	2007			2006


Chicken Sales:
U.S. Chicken Sales:
Prepared Foods:
Foodservice		29.5	%		38.6	%
Retail		7.4	%		7.5	%
Total Prepared Foods		36.9	%		46.1	%

Fresh Chicken:
Foodservice		35.8	%		33.2	%
Retail		14.9	%		12.0	%
Total Fresh Chicken		50.7	%		45.2	%
Export and Other
Export:
Prepared Foods		1.2	%		1.5	%
Chicken		10.9	%		6.8	%
Total Export		12.1	%		8.3	%
Other Chicken By Products		0.3	%		0.4	%
Export and Other		12.4	%		8.7	%
Total U.S. Chicken		100.0	%		100.0	%



Turkey Sales:
U.S. Turkey Sales:
Prepared Foods:
Foodservice		0.9	%		1.4	%
Retail		2.3	%		0.9	%
Total Prepared Foods		3.2	%		2.3	%

Fresh Turkey:
Foodservice		8.1	%		11.7	%
Retail		87.1	%		81.8	%
Total Fresh Turkey		95.2	%		93.5	%
Export and Other
Export:
Prepared Foods		0.0	%		0.1	%
Turkey		1.0	%		3.6	%
Total Export		1.0	%		3.7	%
Other Turkey By Products		0.6	%		0.5	%
Export and Other		1.6	%		4.2	%
Total U.S. Turkey		100.0	%		100.0	%

Pilgrim's Pride Corporation

Net Sales by Primary Market Line

for Fiscal Years 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.

	Sep 29,		Sep 30,
	2007(a)		2006

Chicken Sales:
United States
Prepared Foods:
Foodservice	$	1,897,643	$	1,567,296
Retail	$	511,470		308,486
Total Prepared Foods	$	2,409,113		1,875,783

Fresh Chicken:
Foodservice	$	2,280,056		1,388,451
Retail	$	975,659		496,560
Total Fresh Chicken	$	3,255,716		1,885,011
Export and Other
Export:
Prepared Foods	$	83,317		64,338
Chicken	$	559,429		257,823
Total Export	$	642,746		322,161
Other Chicken By Products	$	20,779		15,448
Total Export and Other	$	663,525		337,609
Total U.S. Chicken	$	6,328,354		4,098,403

Mexico:	$	488,466		418,745
Total Chicken Sales	$	6,816,820		4,517,148

Total Prepared Foods		2,492,430		1,940,121

Turkey Sales:
Prepared Foods:
Foodservice	$	1,567		21,046
Retail	$	4,520		12,953
Total Prepared Foods	$	6,087		34,000

Fresh Turkey:
Foodservice	$	12,457		9,222
Retail	$	99,719		84,015
Total Fresh Turkey	$	112,176		93,237
Export and Other
Export:
Prepared Foods	$	240		217
Turkey	$	3,038		2,640
Total Export	$	3,278		2,857
Other Turkey By Products	$	822		807
Total Export and Other	$	4,100		3,664
Total Turkey Sales	$	122,364		130,901

Total Prepared Foods		6,328		34,217

Sales of Other Products
U.S.	$	638,738		570,510
Mexico	$	20,677		17,006
Total Sale of Other Products	$	659,415		587,516
Total Net Sales	$	7,598,599		5,235,565

(a) 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.

	Sept, 29			Sept, 30
	2007(a)			2006


U.S. Chicken Sales:
Prepared Foods:
Foodservice		30.1	%		38.2	%
Retail		8.1	%		7.5	%
Total Prepared Foods		38.2	%		45.7	%

Fresh Chicken:
Foodservice		36.0	%		33.9	%
Retail		15.4	%		12.1	%
Total Fresh Chicken		51.4	%		46.0	%
Export and Other
Export:
Prepared Foods		1.3	%		1.6	%
Chicken		8.8	%		6.3	%
Total Export		10.1	%		7.9	%
Other Chicken By Products		0.3	%		0.4	%
Total Export and Other		10.4	%		8.3	%
Total U.S. Chicken		100.0	%		100.0	%

Prepared Foods		39.5	%		47.3	%


U.S. Turkey Sales:
Prepared Foods:
Foodservice		1.2	%		16.1	%
Retail		3.7	%		9.9	%
Total Prepared Foods		4.9	%		26.0	%

Fresh Turkey:
Foodservice		10.2	%		7.0	%
Retail		81.5	%		64.2	%
Total Fresh Turkey		91.7	%		71.2	%
Export and Other
Export:
Prepared Foods		0.2	%		0.2	%
Turkey		2.5	%		2.0	%
Total Export		2.7	%		2.2	%
Other Turkey By Products		0.7	%		0.6	%
Total Export and Other		3.4	%		2.8	%
Total U.S. Turkey		100.0	%		100.0	%

Prepared Foods		5.1	%		26.2	%

Pilgrim's Pride Corporation Selected Financial Data for quarter ended:

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.

	09/29/07			09/30/06

Income Statement Data:
Net sales	$	2,149,116		$	1,338,398
Non-recurring recoveries		-			-
Turkey restructuring and related charges		-			-
Gross margin		206,831			99,303
Selling, general and administrative expenses		96,467			77,826
Operating income (loss)		110,364			21,477
Interest expense, net		30,177			10,579
Loss on early extinguishment of debt		11,988			-
Miscellaneous, net		900			(1,220	)
Income (loss) before income taxes and extrardinary charge		67,299			12,118
Income tax expense (benefit)		34,112			19,601
Income (loss) before extraordinary charge		33,187			(7,483	)
Extraordinary charge - net of tax		-			-
Net income (loss)	$	33,187		$	(7,483	)

Per Common Share Data:
Income (loss) before extraordinary charge	$	0.50		$	(0.11	)
Extraordinary charge - early repayment of debt		-			-
Net Income (loss)	$	0.50		$	(0.11	)
Cash dividends	$	0.023		$	0.023
Book value	$	17.61		$	16.72

Balance Sheet Summary:
Working capital	$	379,132		$	528,836
Total assets	$	3,774,236		$	2,426,868
Notes payable and current maturities of long-term debt	$	2,872		$	10,322
Long-term debt, less current maturities	$	1,318,558		$	554,876
Total debt	$	1,321,430		$	565,198
Senior secured debt (included in Total Debt)	$	-		$	-
Total stockholders' equity	$	1,172,221		$	1,117,327

Cash Flow Summary:
Operating cash flow	$	391,310		$	19,861
Depreciation & amortization(a)	$	52,908		$	35,082
Capital expenditures	$	36,163		$	42,568
Business acquisitions	$	6,747		$	-
Financing activities, net	$	(363,703	)	$	67,026

Cashflow Ratios:
EBITDA (b)	$	146,763		$	57,207
EBITDA (last four qtrs.)	$	404,756		$	136,763

Key Indicators (as a percentage of net sales):
Gross margin		9.6	%		7.4	%
Selling, general and administrative expenses		4.5	%		5.8	%
Opertaing income (loss)		5.1	%		1.6	%
Interest expense, net		1.4	%		0.8	%
Net income (loss)		1.5	%		-0.6	%

(a) Includes amortization of capitalized financing costs of approximately

3,621

572

(b) “EBITDA” is defined as the sum of net income (loss) before extraordinary charges, interest, taxes, depreciation and amortization. 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	$	33,187	$	(7,483	)
Add:
Extraordinary charge-net of tax		-		-
Income Tax Expense (benefit)		34,112		19,601
Interest expense, net		30,177		10,579
Depreciation and amortization		52,908		35,082
Minus:
Amortization of capitalized financing costs		3,621		572
EBITDA	$	146,763	$	57,207

Pilgrim's Pride Corporation

Selected Financial Data

for fiscal years ended:

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.

	2007(a)			2006

(In thousands except per share data)
Income Statement Data:
Net sales	$	7,598,599		$	5,235,565
Non-recurring recoveries		-			-
Turkey restructuring and related charges		-			-
Gross margin		591,538			297,600
Selling, general and administrative expenses		359,001			294,598
Operating income (loss)		232,537			3,002
Interest expense, net		121,117			40,553
Loss on early extinguishment of debt		26,463			-
Miscellaneous, net		(6,650	)		(1,234	)
Income (loss) before income taxes and extraordinary charge		91,607			(36,317	)
Income tax expense (benefit)		44,590			(2,085	)
Income (loss) before extraordinary charge		47,017			(34,232	)
Extraordinary charge - net of tax		-			-
Net income (loss)	$	47,017		$	(34,232	)

Per Common Share Data:
Income (loss) before extraordinary charge	$	0.71		$	(0.51	)
Extraordinary charge - early repayment of debt	$	-		$	-
Net Income (loss)	$	0.71		$	(0.51	)
Cash dividends	$	0.090		$	1.090
Book value	$	17.61		$	16.72

Balance Sheet Summary:
Working capital	$	379,132		$	528,836
Total assets	$	3,774,236		$	2,426,868
Notes payable and current maturities of long-term debt	$	2,872		$	10,322
Long-term debt, less current maturities	$	1,318,558		$	554,876
Total debt	$	1,321,430		$	565,198
Senior secured debt (included in Total Debt)	$	-		$	-
Total stockholders' equity	$	1,172,221		$	1,117,327

Cash Flow Summary:
Operating cash flow	$	444,212		$	30,382
Depreciation & amortization (b)	$	198,586		$	135,133
Capital expenditures	$	172,323		$	143,882
Business acquisitions	$	(1,102,069	)	$	-
Financing activities, net	$	638,307		$	(38,750	)

Cashflow Ratios:
EBITDA (c)	$	404,756		$	136,763
EBITDA /interest expense, net		3.34			3.37

Key Indicators (as a percentage of net sales):
Gross margin		7.8	%		5.7	%
Selling, general and administrative expenses		4.7	%		5.6	%
Operating income (loss)		3.1	%		0.1	%
Interest expense, net		1.6	%		0.8	%
Net income (loss)		0.6	%		-0.7	%

(a)

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.

(b) Includes amortization of capitalized financing costs of approximately

6,554

2,606

(c)

“EBITDA” is defined as the sum of net income (loss) before extraordinary charges, interest, taxes, depreciation and amortization. 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	$	47,017	$	(34,232	)
Add:
Income Tax Expense (benefit)		44,590		(2,085	)
Interest expense, net		121,117		40,553
Depreciation and amortization		198,586		135,133
Minus:
Amortization of capitalized financing costs		6,554		2,606
EBITDA	$	404,756	$	136,763

Pilgrim's Pride Corporation
Sales Segments
for 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 of Results of Operations and Financial Condition" included in our SEC filings.

	9/29/2007			9/30/2006
Net Sales to Customers:
Chicken:
United States	$	1,804,625		$	1,059,111
Mexico		122,875			115,315
Sub-total		1,927,500			1,174,426
Turkey		39,343			36,129
Other Products:
United States		173,803			124,900
Mexico		8,470			2,943
Sub-total		182,273			127,843
Total	$	2,149,116		$	1,338,398

Operating Income:
Chicken:
United States	$	91,292		$	32,631
Mexico		9,965			(7,783	)
Sub-total		101,257			24,848
Turkey		(5,507	)		445
Other Products:
United States		13,558			(4,285	)
Mexico		1,057			469
Sub-total		14,615			(3,816	)
Non-recurring recoveries		-			-
Total	$	110,365		$	21,477

Depreciation and Amortization: (a)
Chicken:
United States	$	47,371		$	29,435
Mexico		2,709			2,835
Sub-total		50,080			32,270
Turkey		408			568
Other Products:
United States		2,361			2,216
Mexico		59			27
Sub-total		2,420			2,243
Total	$	52,908		$	35,081

Total Assets:
Chicken:
United States	$	3,247,812		$	1,897,763
Mexico		348,894			361,887
Sub-total		3,596,706			2,259,650
Turkey		69,653			76,908
Other Products:
United States		103,757			88,650
Mexico		4,120			1,660
Sub-total		107,877			90,310
Total	$	3,774,236		$	2,426,868

Capital Expenditures:
Chicken:
United States	$	33,406		$	39,860
Mexico		378			1,410
Sub-total		33,784			41,270
Turkey		216			66
Other Products:
United States		2,163			958
Mexico		-			275
Sub-total		2,163			1,233
Total	$	36,163		$	42,569

(a) Includes amortization of capitalized financing costs of approximately

3,621

572

Pilgrim's Pride Corporation
Sales Segments
for fiscal years ended:

Our chicken and other products segments includes sales of chicken and sales of other products we produce and purchase for resale in the United States and Mexico. Prior to 9/27/2003, the information for these segments is consolidated in the Chicken segment. Our chicken and other products segment conducts separate operations in the United States and Mexico and is reported as two seprarate geographical areas. Our turkey segment includes sales of turkey products produced in our turkey operation recently acquired from WLR Foods, whose operations are exclusively in the United States.

	9/29/2007 (a)			9/30/2006


Net Sales to Customers:
Chicken:
United States	$	6,328,354		$	4,098,403
Mexico		488,466			418,745
Sub-total		6,816,820			4,517,148
Turkey		122,364			130,901
Other Products:
United States		638,738			570,510
Mexico		20,677			17,006
Sub-total		659,415			587,516
Total	$	7,598,599		$	5,235,565

Operating Income:
Chicken:
United States	$	192,447		$	28,619
Mexico		13,116			(17,960	)
Sub-total		205,563			10,659
Turkey		(4,655	)		(15,511	)
Other Products:
United States		28,637			6,216
Mexico		2,992			1,638
Sub-total		31,629			7,854
Non-recurring recoveries		-			-
Total	$	232,537		$	3,002

Depreciation and Amortization: (b)
Chicken:
United States	$	177,491		$	109,346
Mexico		11,015			11,305
Sub-total		188,506			120,651
Turkey		1,587			6,593
Other Products:
United States		8,278			7,743
Mexico		215			146
Sub-total		8,493			7,889
Total	$	198,586		$	135,133

Total Assets:
Chicken:
United States	$	3,247,812		$	1,897,763
Mexico		348,894			361,887
Sub-total		3,596,706			2,259,650
Turkey		69,653			76,908
Other Products:
United States		103,757			88,650
Mexico		4,120			1,660
Sub-total		107,877			90,310
Total	$	3,774,236		$	2,426,868

Capital Expenditures:
Chicken:
United States	$	164,449		$	133,106
Mexico		1,633			6,536
Sub-total		166,082			139,642
Turkey		502			257
Other Products:
United States		5,699			3,567
Mexico		40			416
Sub-total		5,739			3,983
Total	$	172,323		$	143,882

(b) Includes amortization of capitalized financing costs of approximately

6,554

2,606

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.

	09/29/07			09/30/06
U.S. Chicken

U.S. Chicken Sales (000's)	$	1,804,625		$	1,059,111
U.S. Chicken Sales divided by U.S.Chicken Net Pounds Produced	$	0.8375		$	0.7468
U.S. Chicken Sales divided by U.S.Chicken Pounds Sold	$	0.9269		$	0.8601

U.S. Chicken Net Pounds Produced (000's)		2,154,848			1,418,267
U.S. Chicken Pounds Sold (000's)		1,946,961			1,231,414

U.S. Chicken Operating Income (000's)		91,292			32,631
U.S. Chicken Operating Income as a percent of U.S. Chicken Sales		5.06	%		3.08	%

Turkey

U.S. Turkey Sales (000's)		39,343			36,129
U.S. Turkey Sales divided by U.S. Turkey Net Pounds Produced	$	1.1211		$	0.9931
U.S. Turkey Sales divided by U.S. Turkey Pounds Sold	$	0.7963		$	0.7792

U.S. Turkey Operating Income (000's)		(5,507	)		445
U.S. Turkey Operating Income as a percent of U.S. Turkey Sales		-14.00	%		1.23	%

U.S. Turkey Net Pounds Produced (000's)		35,092			36,381
U.S. Turkey Pounds Sold (000's)		49,406			46,369


U.S. Other

U.S. Other Sales		173,803			124,900

U.S. Other Operating Income		13,557			(4,285	)
U.S. Distribution and Other Operating Income as a percent of U.S. Distribution Sales		7.80	%		-3.43	%

U.S. Summary

U.S. Sales (000's)		2,017,771			1,220,140
U.S. Cost of Sales (000's)		1,827,011			1,122,156
U.S. Gross Margin (000's)		190,760			97,984
U.S. Gross Margin as a percent of U.S. Sales		9.45	%		8.03	%

U.S. Selling, General and Administrative Expenses (000's)		91,418			69,193
U.S. Selling, General and Administrative Expenses as a percent of U.S Sales		4.53	%		5.67	%

Restructuring and Related Charges - Turkey		-			-
Insurance Proceeds - Turkey		-			-
Vitamin Settlements (000's)		-			-

U.S. Operating Income (000's)		99,342			28,791
U.S. Operating Income as a percent of U.S. Sales		4.92	%		2.36	%

Mexico Chicken

Mexico Chicken Sales (000's)		122,875			115,315
Mexico Chicken Sales divided by Mexico Chicken Net Pounds Produced	$	0.7447		$	0.6200
Mexico Chicken Sales divided by Mexico Chicken Net Pounds Sold	$	0.7447		$	0.5895

Mexico Net Pounds Produced (000's)		165,006			185,992
Mexico Net Pounds Sold (000's)		165,006			195,609

Mexico Other

Mexico Other Sales (000's)		8,470			2,943

Mexico Summary

Mexico Sales (000's)		131,345			118,258
Mexico Cost of Sales (000's)		115,274			116,939
Mexico Gross Margin (000's)		16,071			1,319
Mexico Gross Margin as a percent of Mexico Sales		12.2	%		1.1	%

Mexico Selling, General and Administrative Expenses (000's)		5,049			8,633
Mexico Selling, General and Administrative Expenses as a percent of Mexico Sales		3.8	%		7.3	%

Mexico Operating Income (000's)		11,022			(7,314	)
Mexico Operating Income as a percent of Mexico Sales		8.4	%		-6.2	%

Consolidated Operations
Chicken Operations:
Chicken Sales from all Divisions (000's)		1,927,500			1,174,426
Chicken Sales from all divisions divided by Chicken Net Pounds Produced from all Divisions	$	0.8309		$	0.7321
Chicken Sales from all divisions divided by Chicken Pounds Sold from all Divisions	$	0.9127		$	0.8230

Chicken Net Pounds Produced from all Divisions (000's)		2,319,854			1,604,259
Chicken Pounds Sold from all Divisions (000's)		2,111,967			1,427,023


Turkey Operations:
U.S. Turkey Sales (000's)		39,343			36,129
U.S. Turkey Sales divided by U.S. Turkey Net Pounds Produced	$	1.1211		$	0.9931
U.S. Turkey Sales divided by U.S. Turkey Pounds Sold	$	0.7963		$	0.7792

U.S. Turkey Net Pounds Produced (000's)		35,092			36,381
U.S. Turkey Pounds Sold (000's)		49,406			46,369


Other Operations:
Other Sales (000's)		182,273			127,843


Totals All Operations:
Total Net Sales (000's)		2,149,116			1,338,398
Total Cost of Sales (000's)		1,942,285			1,239,095
Gross Margin from all operations (000's)		206,831			99,303
Gross Margin from all operations as a percent of Total Net Sales		9.62	%		7.42	%

Total Selling, General and Administrative Expenses (000's)		96,467			77,826
Total Selling, General and Administrative Expenses as a percent of Total Net Sales		4.49	%		5.81	%

Restructuring and Related Charges - Turkey		-			-
Insurance Proceeds - Turkey		-			-

Operating Income from all operations (000's)		110,364			21,477
Operating Income from all operations as a percent of Total Net Sales		5.14	%		1.60	%

Avian Influenza Reimbursement (000's)		-			-
Vitamin Settlements (000's)		-			-
Total Adjustments (000'S)		-			-

Consolidated Adjusted Operating Income (000's)		110,364			21,477
Consolidated Adjusted Operating Income as a percent of Total Net Sales		5.14	%		1.60	%

Pilgrim's Pride Corporation

Statistical Management Discussion and Analysis

for fiscal years 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".

($ in thousands )	9/29/2007 (a)			09/30/06
U.S. Chicken

U.S. Chicken Sales (000's)	$	6,328,354		$	4,098,403
U.S. Chicken Sales divided by U.S.Chicken Net Pounds Produced	$	0.8099		$	0.7194
U.S. Chicken Sales divided by U.S.Chicken Pounds Sold	$	0.8989		$	0.8216

U.S. Chicken Net Pounds Produced (000's)		7,813,768			5,696,746
U.S. Chicken Pounds Sold (000's)		7,040,359			4,988,042

U.S. Chicken Operating Income (000's)		192,447			28,619
U.S. Chicken Operating Income as a percent of U.S. Chicken Sales		3.04	%		0.70	%

Turkey

U.S. Turkey Sales (000's)		122,364			130,901
U.S. Turkey Sales divided by U.S. Turkey Net Pounds Produced	$	0.8490		$	0.8872
U.S. Turkey Sales divided by U.S. Turkey Pounds Sold	$	0.8068		$	0.8776

U.S. Turkey Operating Income (000's)		(4,655	)		(15,511	)
U.S. Turkey Operating Income as a percent of U.S. Turkey Sales		-3.80	%		-11.85	%

U.S. Turkey Net Pounds Produced (000's)		144,126			147,545
U.S. Turkey Pounds Sold (000's)		151,673			149,157


U.S. Other

U.S. Other Sales		638,738			570,510

U.S. Other Operating Income		28,637			6,216
U.S. Distribution and Other Operating Income as a percent of U.S. Distribution Sales		4.48	%		1.09	%

U.S. Summary

U.S. Sales (000's)		7,089,456			4,799,814
U.S. Cost of Sales (000's)		6,542,044			4,514,720
U.S. Gross Margin (000's)		547,412			285,094
U.S. Gross Margin as a percent of U.S. Sales		7.72	%		5.94	%

U.S. Selling, General and Administrative Expenses (000's)		330,983			265,064
U.S. Selling, General and Administrative Expenses as a percent of U.S Sales		4.67	%		5.52	%

Restructuring and Related Charges - Turkey		-			706

U.S. Operating Income (000's)		216,429			19,324
U.S. Operating Income as a percent of U.S. Sales		3.05	%		0.40	%

Mexico Chicken

Mexico Chicken Sales (000's)		488,466			418,745
Mexico Chicken Sales divided by Mexico Chicken Net Pounds Produced	$	0.7242		$	0.6113
Mexico Chicken Sales divided by Mexico Chicken Pounds Sold	$	0.7112		$	0.5871

Mexico Net Pounds Produced (000's)		674,445			684,964
Mexico Net Pounds Sold (000's)		686,776			713,285

Mexico Other

Mexico Other Sales (000's)		20,677			17,006

Mexico Summary

Mexico Sales (000's)		509,143			435,751
Mexico Cost of Sales (000's)		465,017			422,539
Mexico Gross Margin (000's)		44,126			13,212
Mexico Gross Margin as a percent of Mexico Sales		8.7	%		3.0	%

Mexico Selling, General and Administrative Expenses (000's)		28,018			29,534
Mexico Selling, General and Administrative Expenses as a percent of Mexico Sales		5.5	%		6.8	%

Mexico Operating Income (000's)		16,108			(16,322	)
Mexico Operating Income as a percent of Mexico Sales		3.2	%		-3.7	%

Consolidated Operations
Chicken Operations:
Chicken Sales from all Divisions (000's)		6,816,820			4,517,148
Chicken Sales from all divisions divided by Chicken Net Pounds Produced from all Divisions	$	0.8031		$	0.7078
Chicken Sales from all divisions divided by Chicken Pounds Sold from all Divisions	$	0.8822		$	0.7923

Chicken Net Pounds Produced from all Divisions (000's)		8,488,213			6,381,710
Chicken Pounds Sold from all Divisions (000's)		7,727,135			5,701,327


Turkey Operations:
U.S. Turkey Sales (000's)		122,364			130,901
U.S. Turkey Sales divided by U.S. Turkey Net Pounds Produced	$	0.8490		$	0.8872
U.S. Turkey Sales divided by U.S. Turkey Pounds Sold	$	0.8068		$	0.8776

U.S. Turkey Net Pounds Produced (000's)		144,126			147,545
U.S. Turkey Pounds Sold (000's)		151,673			149,157


Other Operations:
Other Sales (000's)		659,415			587,516


Totals All Operations:
Total Net Sales (000's)		7,598,599			5,235,565
Total Cost of Sales (000's)		7,007,061			4,937,259
Gross Margin from all operations (000's)		591,538			298,306
Gross Margin from all operations as a percent of Total Net Sales		7.78	%		5.70	%

Total Selling, General and Administrative Expenses (000's)		359,001			294,598
Total Selling, General and Administrative Expenses as a percent of Total Net Sales		4.72	%		5.63	%

Restructuring and Related Charges - Turkey		-			706

Operating Income from all operations (000's)		232,537			3,002
Operating Income from all operations as a percent of Total Net Sales		3.06	%		0.06	%

Pilgrim's Pride Corporation
Proforma Statistical Management Discussion and Analysis (a)
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.

($ in thousands )
	12/30/06			09/30/06			07/01/06			04/01/06			12/31/05
U.S. Chicken

U.S. Chicken Sales (000's)	$	1,545,876		$	1,598,513		$	1,509,354		$	1,499,293		$	1,563,146
U.S. Chicken Sales divided by U.S.Chicken Net Pounds Produced	$	0.7003		$	0.7270		$	0.6663		$	0.6810		$	0.7031
U.S. Chicken Sales divided by U.S.Chicken Pounds Sold	$	0.7964		$	0.8398		$	0.7578		$	0.7762		$	0.8304

U.S. Chicken Net Pounds Produced (000's)		2,207,351			2,198,910			2,265,273			2,201,483			2,223,235
U.S. Chicken Pounds Sold (000's)		1,941,101			1,903,457			1,991,650			1,931,484			1,882,405

U.S. Chicken Operating Income (000's)		(44,614	)		38,417			(39,547	)		(73,144	)		51,663
U.S. Chicken Operating Income as a percent of U.S. Chicken Sales		-2.89	%		2.40	%		-2.62	%		-4.88	%		3.31	%

Turkey

U.S. Turkey Sales (000's)		52,418			36,335			15,901			17,222			62,749
U.S. Turkey Sales divided by U.S. Turkey Net Pounds Produced	$	1.4202		$	0.9987		$	0.4353		$	0.4702		$	1.6512
U.S. Turkey Sales divided by U.S. Turkey Pounds Sold	$	0.8277		$	0.7762		$	0.7351		$	1.0676		$	0.9419

U.S. Turkey Operating Income (000's)		2,506			445			(3,598	)		(6,716	)		(5,642	)
U.S. Turkey Operating Income as a percent of U.S. Turkey Sales		4.78	%		1.22	%		-22.63	%		-39.00	%		-8.99	%

U.S. Turkey Net Pounds Produced (000's)		36,910			36,381			36,533			36,628			38,003
U.S. Turkey Pounds Sold (000's)		63,331			46,811			21,630			16,132			66,621


U.S. Other

U.S. Other Sales		141,290			127,640			151,837			169,431			164,846

U.S. Other Operating Income		4,769			(3,736	)		1,704			5,008			5,182
U.S. Distribution and Other Operating Income as a percent of U.S. Distribution Sales		3.38	%		-2.93	%		1.12	%		3.0	%		3.1	%

U.S. Summary

U.S. Sales (000's)		1,739,584			1,762,488			1,677,092			1,685,946			1,790,741
U.S. Cost of Sales (000's)		1,686,227			1,628,186			1,628,616			1,664,780			1,647,239
U.S. Gross Margin (000's)		53,357			134,302			48,476			21,166			143,502
U.S. Gross Margin as a percent of U.S. Sales		3.07	%		7.62	%		2.89	%		1.26	%		8.01	%

U.S. Selling, General and Administrative Expenses (000's)		90,696			99,176			89,917			95,312			92,299
U.S. Selling, General and Administrative Expenses as a percent of U.S Sales		5.21	%		5.63	%		5.36	%		5.65	%		5.15	%

Restructuring and Related Charges - Turkey		-			-			-			706			-

U.S. Operating Income (000's)		(37,339	)		35,126			(41,441	)		(74,852	)		51,203
U.S. Operating Income as a percent of U.S. Sales		-2.15	%		1.99	%		-2.47	%		-4.44	%		2.86	%

Mexico Chicken

Mexico Chicken Sales (000's)		122,909			115,315			106,996			104,031			92,403
Mexico Chicken Sales divided by Mexico Chicken Net Pounds Produced	$	0.7014		$	0.6200		$	0.6340		$	0.6539		$	0.5400
Mexico Chicken Sales divided by Mexico Chicken Pounds Sold	$	0.6675		$	0.5895		$	0.6022		$	0.6304		$	0.5280

Mexico Net Pounds Produced (000's)		175,234			185,992			168,767			159,098			171,107
Mexico Net Pounds Sold (000's)		184,122			195,609			177,661			165,012			175,003

Mexico Other

Mexico Other Sales (000's)		2,449			2,943			6,982			5,272			1,809

Mexico Summary

Mexico Sales (000's)		125,358			118,258			113,978			109,303			94,212
Mexico Cost of Sales (000's)		115,149			116,939			111,344			101,377			92,879
Mexico Gross Margin (000's)		10,209			1,319			2,634			7,926			1,333
Mexico Gross Margin as a percent of Mexico Sales		8.1	%		1.1	%		2.3	%		7.3	%		1.4	%

Mexico Selling, General and Administrative Expenses (000's)		8,313			8,633			7,212			5,744			7,945
Mexico Selling, General and Administrative Expenses as a percent of Mexico Sales		6.6	%		7.3	%		6.3	%		5.3	%		8.4	%

Mexico Operating Income (000's)		1,896			(7,314	)		(4,578	)		2,182			(6,612	)
Mexico Operating Income as a percent of Mexico Sales		1.5	%		-6.2	%		-4.0	%		2.0	%		-7.0	%

Consolidated Operations
Chicken Operations:
Chicken Sales from all Divisions (000's)		1,668,785			1,713,828			1,616,350			1,603,324			1,655,549
Chicken Sales from all divisions divided by Chicken Net Pounds Produced from all Divisions	$	0.7004		$	0.7186		$	0.6641		$	0.6792		$	0.6914
Chicken Sales from all divisions divided by Chicken Pounds Sold from all Divisions	$	0.7852		$	0.8165		$	0.7451		$	0.7648		$	0.8047

Chicken Net Pounds Produced from all Divisions (000's)		2,382,585			2,384,902			2,434,040			2,360,581			2,394,342
Chicken Pounds Sold from all Divisions (000's)		2,125,223			2,099,066			2,169,311			2,096,496			2,057,408


Turkey Operations:
U.S. Turkey Sales (000's)		52,418			36,335			15,901			17,222			62,749
U.S. Turkey Sales divided by U.S. Turkey Net Pounds Produced	$	1.4202		$	0.9987		$	0.4353		$	0.4702		$	1.6512
U.S. Turkey Sales divided by U.S. Turkey Pounds Sold	$	0.8277		$	0.7762		$	0.7351		$	1.0676		$	0.9419

U.S. Turkey Net Pounds Produced (000's)		36,910			36,381			36,533			36,628			38,003
U.S. Turkey Pounds Sold (000's)		63,331			46,811			21,630			16,132			66,621


Other Operations:
Other Sales (000's)		143,739			130,583			158,819			174,703			166,655


Totals All Operations:
Total Net Sales (000's)		1,864,942			1,880,746			1,791,070			1,795,249			1,884,953
Total Cost of Sales (000's)		1,801,376			1,745,125			1,739,960			1,766,157			1,740,118
Gross Margin from all operations (000's)		63,566			135,621			51,110			29,092			144,835
Gross Margin from all operations as a percent of Total Net Sales		3.41	%		7.21	%		2.85	%		1.62	%		7.68	%

Total Selling, General and Administrative Expenses (000's)		99,009			107,809			97,129			101,056			100,244
Total Selling, General and Administrative Expenses as a percent of Total Net Sales		5.31	%		5.73	%		5.42	%		5.63	%		5.32	%

Restructuring and Related Charges - Turkey		-			-			-			706			-

Operating Income from all operations (000's)		(35,443	)		27,812			(46,019	)		(72,670	)		44,591
Operating Income from all operations as a percent of Total Net Sales		-1.90	%		1.48	%		-2.57	%		-4.05	%		2.37	%