
JBS (NYSE:JBS) reported record first-quarter sales but lower profitability as executives said the global protein company faced difficult market conditions in U.S. beef, seasonal pressures, operational adjustments and shifting trade flows.
Global CEO Gilberto Tomazoni said the first quarter of 2026 was “a challenging period” shaped by market volatility, seasonality, operational disruption and changes in global trade. He said JBS remained focused on “operational excellence, cost discipline, agility, and long-term value creation.”