JBS Reports Lower 3Q Profit, Citing Difficult Operating Environment
By Elias Schisgall
JBS reported growing revenue but a lower profit as the company reported a difficult operating environment during the third quarter.
The Brazilian meatpacking company Monday logged a profit of $164.4 million, or 15 cents a share, compared with a profit of $580.9 million, or 52 cents a share, a year earlier.
Stripping out certain one-time items, adjusted earnings were 16 cents a share. Analysts polled by FactSet were expecting 21 cents a share.
Revenue grew to $22.74 billion, up from $22.6 billion a year prior. Analysts were expecting $22.85 billion.
"In 3Q26, JBS faced a more challenging operating environment across several of its business units," Chief Executive Gilberto Tomazoni said, adding that the headwinds increased the company's leverage to 3.54x.
Sales in the North American beef business rose 4.3% to $7.56 billion, benefiting from improvements in the operating environment throughout the quarter including the reopening of certain U.S.-Mexico cattle crossings.
Tomazoni said that business and the company's Brazil business are both set up for more constructive market dynamics heading into the current quarter.
The results come as JBS has offered to buy out Pilgrim's Pride, a poultry producer which is already around 82% owned by JBS.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
November 09, 2026 17:27 ET (22:27 GMT)
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