JBS Surges After Profit Beats Estimates With Chicken Boost

  • Higher pork, chicken margins drove quarterly profit rebound
  • Company shares have trailed rivals amid US cattle woes

JBS CEO Gilberto Tomazoni

Photographer: Christopher Goodney/Bloomberg
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JBS SA’s shares soared to the highest since 2022 as a boost from increased chicken demand helped the world’s largest meat producer mitigate the impact of a severe shortage of cattle in the US.

JBS’s earnings are recovering faster than anticipated from last year’s plunge. The Sao Paulo-based company made a profit of 0.74 real per share (14 cents) in the first quarter, the company said in a filingBloomberg Terminal. That reversed a loss during the same period a year earlier and topped all of the analyst estimates compiled by Bloomberg.