What were the key financial results for JBS in Q1, and how did they compare to analyst expectations?

JBS reported a net profit of $221 million in Q1 (January–March), representing a 56% drop year-on-year and missing the analyst forecast of $236 million from LSEG. Adjusted EBITDA fell 26% year-on-year to $1.13 billion, also below the expected $1.27 billion. Net sales rose 11% year-on-year to $21.61 billion, slightly exceeding the forecast of $21.29 billion.

Why did JBS’s North American operations significantly drag down overall profitability in Q1?

JBS attributed its weak Q1 performance primarily to operational challenges in North America—including pressured margins in beef operations due to high livestock prices and low cattle availability in the U.S., weather-related disruptions and temporary plant stoppages in poultry output, and a three-week strike in March at its Greeley, Colorado beef plant over wages and protective equipment fees—resulting in a negative adjusted EBITDA of $267 million for North American beef operations despite 12% revenue growth.

JBS posts 56% drop in Q1 net profit amid challenges in North American operations

May 12, 2026

JBS reported a 56% drop in Q1 net profit driven by North American operational challenges, including high livestock costs and strikes. Strong Brazilian beef sales partially offset losses as global demand remains robust despite cyclical pressures.

reuters

2026-05-12

JBS posts 56% drop in Q1 net profit amid challenges in North American operations

JBS posts 56% drop in Q1 net profit amid challenges in North American operations

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