GREELEY — Brazilian meat processing company JBS S.A. has reported a net loss for the second quarter of 2018 although U.S. beef operations generated $5.6 billion in revenue, up from the same quarter a year ago.
The Greeley Tribune reported that the company blames much of the second quarter loss on a Brazilian trucker strike, which the company expects will not have a significant impact in future quarters.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
JBS still hopes move toward an initial public offering after it addresses regulatory and debt issues, the Tribune reported.