- BRF's new 10-year plan looks a lot like older growth plans, with management prioritizing value-added processed/packaged food offerings and global expansion.
- The 10-year revenue growth target of 10%-plus per year is ambitious, and management will be investing heavily (R$55B over 10 years) to achieve it.
- While the specific financial targets are new (and bold), the overall direction/priority list is not that different than what I already expected from BRF management.
- BRF still offers long-term multibagger potential, but investors should remain cognizant of near-term risks from weaker commodity poultry spreads.
For further details see:
BRF SA Goes Back To The Future With A Bold 10-Year Growth Plan