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Brazil's JBS says Seara unit improving
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Brazil's JBS says Seara unit improving
Mar 27, 2024 6:01 AM

SAO PAULO, March 27 (Reuters) - Brazilian meat-packer

JBS SA said it expects margins of its Seara processed

foods maker in Brazil to reach double digits in early 2024,

citing operational improvements introduced by managers to shore

up the unit.

JBS, which released financial results on Tuesday, said Seara

and the U.S. beef division presented the biggest challenges for

the company last year. In the U.S., a lack of cattle supplies

made the company's earnings before interest, tax, depreciation

and amortization (EBITDA) negative.

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