Source:  Lisa M. Keefe, MEATINGPLACE.COM, 11/23/09

Pilgrim's Pride Corp. reported a net profit of $82.7 million, or $1.07 per share from continuing operations, on quarterly net sales of $1.7 billion in its fourth fiscal quarter which ended Sept. 26. That compares with a net loss of $802 million, or $10.79 per share, on net sales of $2.2 billion for the same period in 2008.

For the year, Pilgrim's Pride posted a net loss of $151.6 million, or $2.06 per share, on net sales of $7.1 billion in 2009, compared with a net loss of $998.6 million, or $14.31 per share, on net sales of $8.5 billion for the full year in 2008.

Pilgrim's Pride filed its financial results with the Securities and Exchange Commission on Monday. The Pittsburg, Texas-based poultry processor still is working its way through bankruptcy; it has agreed to sell a majority stake to JBS S.A.

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