Durrant Pate/Contributor

Jamaica Broilers Group (JBG), which has been bleeding from its American operations, has been cutting losses with management reporting that its turnaround is progressing as planned.

For the nine months ended January 31, 2026, the locally based agricultural conglomerate recorded a net loss of $1.0 billion, down from $3.5 billion a year ago. Revenues for the combined three quarters amounted to $73.6 billion, a 2% rise over the same period in 2025.

Gross profit closed on $13.5 billion, representing a 22% increase over last year. During the third quarter, the Jamaica Operations and customers were affected by Hurricane Melissa, which created temporary disruptions. 

Despite this challenge, the recovery of JBG’s local operations has progressed ahead of schedule, underscoring the resilience of its team and operational strength. The segment delivered a profit of $4.3 billion on revenues of $44.0 billion, highlighting the continued solid performance of the domestic business. 

Recovery in US Operations

The Jamaican divisions (Best Dressed Chicken and Hi-Pro) provided sustained support to rebuilding farming communities during the quarter, donating chicks and offering on-the-ground support on the road to recovery. However, the segment result for the US operations remains challenged.

Management states that, although market selling prices and production costs were the root causes, revenues for the US operations grew by 4% over the prior year. Deliberate steps are being taken to address the issues in the US segment, which is underperforming. 

The management expects the US operations to return to being a significant positive contributor to group performance in the near future. It continues to undergo restructuring following a major financial fraud/accounting scandal uncovered in 2025.

This resulted in significant losses and a leadership change. A 2025 investigation revealed accounting irregularities, including understating vendor financing and overstating inventory.

Following the scandal, both the president and vice president of US operations resigned in May 2025, as the subsidiary reviews its operational controls and considers exiting the US meat business.