JBS 2Q26 Net Sales $23.9B (+14%); Net Loss $102M; Adj. EPS $0.20
JBS N.V. reported record net sales of $23.9 billion in the second quarter of 2026, marking a 14% increase year-over-year. However, the company posted a net loss of $102 million, a significant decline from a $528 million profit in the prior year, with Adjusted EPS falling to $0.20 from $0.52. Profitability was pressured by a tough comparison base and increased live cattle prices, leading to an 18% decrease in IFRS Adjusted EBITDA to $1,429 million. In response to market conditions, JBS announced the closure of two plants in North America and restructured its U.S. beef operations, while also returning $1 billion to shareholders through dividends and increasing its revolving credit facility to $4.2 billion.
Key Highlights
- Net Sales reached $23.9 billion in 2Q26, a 14% increase year-over-year.
- JBS reported a Net Loss Attributable to JBS of $102 million in 2Q26, compared to a $528 million profit in 2Q25.
- Adjusted Earnings Per Share Attributable to JBS was $0.20, down from $0.52 in 2Q25.
- IFRS Adjusted EBITDA decreased by 18% to $1,429 million in 2Q26.
- Leverage (Net Debt / Adjusted EBITDA LTM) increased to 3.10x from 2.27x in 2Q25.
- The company announced the closure of two plants in Souderton, Pennsylvania, and Memphis, Tennessee.
- JBS merged its Fed Beef, Regional Beef, and Case Ready business units into a single structure, Beef USA.
- JBS paid $1 billion in dividends to shareholders during the quarter.
Price Impact
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