JBS poultry, pork, and processed food unit in Brazil posted its highest-ever margin in the third quarter, driven by strong chicken demand and controlled costs. Seara, the Brazilian division accounting for 11% of JBS revenue, reported a 21% EBITDA margin.
The performance marks an operational turnaround after admitting challenges in this segment last year. In the U.S., Pilgrim’s Pride, another JBS subsidiary, also reported its best margin in seven years.
Strong results in the chicken business helped JBS surpass analyst estimates in the period, with a consolidated EBITDA of $2.2 billion, generating $1 billion in cash.
