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The company said it was unable to file its annual report with regulators by the Nov. 26 deadline "without unreasonable effort or expense." It now plans to file the report 15 calendar days after the original deadline.
Pilgrim's Pride said on Wednesday that its lenders had granted a third waiver to meet its credit obligations, giving the company until noon (CDT) on Dec. 1 to comply.
Pilgrim's Pride also has a $25.7 million interest payment due in early December.
In its filing with the U.S. Securities and Exchange Commission on Friday, Pilgrim's Pride said it expects to report a net loss of $802.0 million, or $10.83 per share, on sales of $2.17 billion for the fiscal fourth-quarter ended Sept. 27.
Those results include a noncash charge of $501.4 million, or $6.77 per share, related to its acquisition of Gold Kist and an income tax valuation allowance of $35.0 million, or 47 cents per share, against Pilgrim's Pride's net operating losses.
Excluding those items, its net loss would have been $265.6 million, or $3.59 per share.
Pilgrim's Pride shares closed up 13 cents, or 12.8 percent, at $1.15 on the New York Stock Exchange on Friday.
(Reporting by Lisa Baertlein) Keywords: PILGRIMSPRIDE/ (lisa.baertlein@thomsonreuters.com; +1 213 955 6742; Reuters Messaging: lisa.baertlein.reuters.com@reuters.net; )
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