By Katherine Hamilton
JBS posted higher sales and profit in the fourth quarter as it expects its diversified portfolio to withstand tariffs in the U.S.
The Brazilian meatpacking company said fourth-quarter revenue rose to 116.70 billion Brazilian reais, or $20.37 billion. That is up from BRL96.34 billion the year before.
It posted a profit of BRL2.41 billion, or BRL1.09 a share, in the fourth quarter, compared with BRL5.10 billion, or BRL0.04, the year before.
Chief Executive Wesley Batista Filho said during a Wednesday call with analysts that he is optimistic about JBS's ability to mitigate additional tariffs in the U.S., which are set to go into effect in early April. Filho said the company's markets outside the U.S., particularly within Brazil, are likely to offset any additional costs from tariffs.
At the same time, Filho said it is too early to say exactly how additional import duties might affect the business.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 26, 2025 11:15 ET (15:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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