JBS reports 92.2B reals revenue for Q2 2022

SÃO PAULO — Meat processing giant JBS S.A. (B3: JBSS3; OTCQX: JBSAY) reported a 7.7% year-over-year revenue increase for the second quarter of 2022, to 92.2 billion Brazilian reals (about $18.1 billion) from R$85.6 billion in the second quarter of 2021.

JBS reported a net income of R$4 billion, a 9.8% year-over-year decrease from R$4.4 billion in the second quarter of 2021.

Greeley-based Pilgrim’s Pride Corp. (Nasdaq: PPC), a chicken-producing subsidiary of JBS, brought in R$22.8 billion in revenue during the quarter, up 18.3% from R$19.2 billion last year. 

According to the press release announcing the earnings report, for Pilgrim’s Pride “demand in…