This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Perdigao Moves To Net Loss

Stocks in this article: PDA

Once these most recent quarterly results are finalized, they will be run through Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit Ratings Screener.

On March 23, 2009, Perdigao S/A (PDA) reported that it swung to net loss in Q4 FY08, due to the recognition of a portion of the goodwill on acquisitions and the negative impact of foreign currency translation. Net loss during the latest fourth quarter was Brazilian Reais (R$) 20.00 million or R$0.10 per share, compared to a net profit of R$98.00 million or R$0.53 per share in Q4 FY07. Adjusted net income stood at R$8.00 million.

During Q4 FY08, net sales soared 59.1% to R$3.06 billion from R$1.92 billion a year ago, driven by 56.8% increase in total sales volume and higher revenue from the domestic and export market. Export sales rose 51.1% to R$1.30 billion from R$859.00 million, driven by higher demand from traditional markets. Revenue from the Domestic market increased 60.8% to R$2.28 billion from R$1.42 billion a year ago. The reported growth was primarily due to a 17.0% rise in sales volumes of meat products and 321.8% for dairy products.

Gross profit margin improved 89 basis points to 29.82% from 28.93% in Q4 FY07. EBITDA margin improved 272 basis points to 15.21% from 12.49% a year ago. Capital expenditure during the quarter decreased 60.1% to R$116.00 million from R$291.00 million in the prior year's quarter.

Recently, the company announced that it will reallocate the processing operations of Cotoches in Rio Casca and Elege in Ivoti, in order to optimize the operations of the nine others plants, in five Brazilian states.

For FY08, net income was R$54.00 million or R$0.26 per share, down 83.2% from R$321.00 million or $1.73 per share in FY07. Adjusted net income declined 53.7% to R$155.00 million from R$335.00 million. Annual net revenue surged 71.8% to R$11.39 billion from R$6.63 billion a year ago.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,090.23 +60.02 0.33%
S&P 500 2,092.37 +10.49 0.50%
NASDAQ 4,813.8910 +40.4190 0.85%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs