Brazil-headquartered tannery and food group JBS has reported record third-quarter sales of $22.6 billion, up 13% from the same period last year.

Earnings of $1.8 billion were 15% lower than the previous year.

JBS Beef North America delivered record sales. With cattle supplies at historically low levels, cattle prices have remained high but consumption remained resilient.

Gilberto Tomazoni, group CEO, said: “JBS reported record net sales, with sales growth across all business units, underscoring the strength and diversification of its global multiprotein platform. 

“Net income in the quarter was $581 million and the Return on Equity (ROE) reached 23.7%, reflecting solid results.”

Share this story: