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.