Dive Brief:
- In its most recent earnings report, JBS, the world's second-largest food company, posted $38.5 billion in sales for 2014, a nearly 30% jump over 2013.
- JBS also saw its net income across all divisions skyrocket close to 120% over last year.
- What's interesting is that despite these massive successes, JBS SA recently withdrew its plans for an IPO for the fourth time since May.
Dive Insight:
As reported by Just-Food, CEO Wesley Batista had this to say about the company's global performance in 2014, "Today, these investments bring excellent results to our company. We are confident that we built a unique global production platform, efficient and well positioned in countries that provide the most competitive environment to produce food products."