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EX-99.1 - CORRECTED PRESS RELEASE DATED OCTOBER 30, 2013 - PILGRIMS PRIDE CORPexhibit99-1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
 
FORM 8-K/A
____________________
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 30, 2013

PILGRIM'S PRIDE CORPORATION
(Exact Name of registrant as specified in its charter)

Delaware 1-9273 75-1285071
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer 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:

¨       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Explanatory Note

Pilgrim’s Pride Corporation (the “Company”) is filing this Amendment No. 1 to its Current Report on Form 8-K, as filed with the Securities and Exchange Commission on October 30, 2013 (the “Original 8- K”), to refurnish the press release attached as Exhibit 99.1 to the Original 8-K. The revised press release corrects an error in the supplementary selected segment and geographic data on the final page of the press release attached to the Original 8-K where prior year comparative data reflected second quarter 2012 information. The chart has been changed to read as follows:

PILGRIM'S PRIDE CORPORATION
Supplementary Selected Segment and Geographic Data

Thirteen Weeks Ended Thirty-Nine Weeks Ended
September 29, September 23, September 29, September 23,
      2013       2012       2013       2012
(In thousands) (In thousands)
Sources of net sales by country of origin: CORRECTED CORRECTED
       US: $     1,932,634 $     1,850,934 $     5,662,991 $     5,312,278
       Mexico: 210,181 217,544 700,872 619,442
              Total net sales: $ 2,142,815 $ 2,068,478 $ 6,363,863 $ 5,931,720
 
Sources of cost of sales by country of origin:
       US: $ 1,702,791 $ 1,772,550 $ 5,139,883 $ 5,023,704
       Mexico: 203,451 189,793 586,465 547,727
              Total cost of sales: $ 1,906,242 $ 1,962,343 $ 5,726,348 $ 5,571,431
 
Sources of gross profit by country of origin:
       US: $ 229,843 $ 78,384 $ 523,108 $ 288,574
       Mexico: 6,730 27,751 114,407 71,715
              Total gross profit: $ 236,573 $ 106,135 $ 637,515 $ 360,289

Item 2.02. Results of Operations and Financial Condition.

On October 30, 2013 the Registrant issued a corrected press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1       Corrected press release dated October 30, 2013

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PILGRIM'S PRIDE CORPORATION
  
Date: October 31, 2013   By:  /s/ Fabio Sandri
Fabio Sandri
  Chief Financial Officer

Exhibit Index
 
Exhibit 99.1       Corrected press release dated October 30, 2013