JBS swung to a loss in the second quarter despite reporting revenue growth ahead of the company's leadership transition at the end of this year.
The Brazilian meatpacking company on Monday reported a loss of $96.2 million, or 10 cents a share. That compares with a profit of $594.3 million, or 48 cents a share, a year earlier.
Stripping out certain one-time items, adjusted earnings were 20 cents a share. Analysts polled by FactSet were expecting 31 cents a share.
Revenue grew to $23.9 billion, up from $21 billion a year prior. Analysts were expecting revenue of $23.04 billion.
"Compared to last year, profitability was pressured by a tough comparison base, as the poultry operations had posted record results in 2Q25," Chief Executive Officer Gilberto Tomazoni said. "Compared to the first quarter, profitability already showed an improvement in the majority of our business units."
