The company’s earnings reached 49 cents per share, missing the 56-cent consensus estimate from analysts polled by FactSet. Revenue also saw a contraction, sliding to $4.65 billion from the $4.76 billion reported in the previous year, though this slightly outperformed the $4.63 billion anticipated by Wall Street.

Chief Executive Fabio Sandri attributed the downturn to market saturation. While he noted that consumer appetite for chicken remains steady across both retail and foodservice sectors, the industry is currently grappling with a significant surplus of product. This supply-side pressure continues to compress margins despite sustained demand.