JBS reported a sharp third-quarter profit decline despite stronger global net sales, reflecting ongoing challenges in the U.S. beef sector.
Foodmarket reported net profit fell to $581 million from $693 million a year earlier as multiyear-low cattle supplies pushed U.S. beef margins into negative territory. CEO Gilberto Tomazoni warned that the challenging environment is unlikely to improve soon. Adjusted earnings dropped to $1.83 billion, down from $2.15 billion last year, though net sales rose 13% to $22.6 billion across all segments. JBS highlighted strong Brazilian beef sales driven by exports, higher volumes and rising domestic prices, while noting Brazil’s cattle herd could tighten in 2026 due to increased female slaughter.
