highAnnualResults90% confidence
JBS S.A. Reports FY2023 Results: Net Revenue R$292 Billion, Poultry Segment Outperforms
📅 2024-03-14R$292B
Summary
JBS S.A. reported FY2023 net revenue of approximately R$292 billion (approximately $60 billion USD equivalent). The poultry segment (Seara and Pilgrim's Pride) delivered stronger margins than the beef division, which faced similar cattle cost pressures to US peers.
Why it matters
JBS is the world's largest meat company by revenue. Its FY2023 results confirm a bifurcation in protein sector margins — poultry remained structurally more resilient than beef during the 2022–2024 normalisation cycle. Indian and Asian buyers of Brazilian beef and chicken watched the results for signals on Brazilian export availability and pricing.
Entities involved
🏢 Companies
🇧🇷 JBS S.A.
announces
🌍 Countries
🇧🇷 Braziloriginates_from
📦 Products
Porkinvolves
Beef & Vealinvolves
Chickeninvolves
Sources
This intelligence record summarizes information from the cited source. Refer to the original source for full context.
JBS S.A. FY2023 Annual Results — Earnings Release
JBS Investor Relations · 2024-03-14 · Primary source
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