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Why BRF S.A. Stock Popped Today

TheMotleyFool

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Shares of Brazilian food giant BRF S.A. (NYSE: BRFS) popped on Monday morning, after the company reported a surge in sales for the first quarter of 2020. As of 12:30 p.m. EST, the stock was up 10%.

While BRF S.A. is based in Brazil, the country accounted for only 54% of of Q1 revenue. The rest was generated in many countries internationally, meaning the business was more exposed to the global coronavirus than many others. This largely explains why the stock is still down 58% year to date.

Image source: Getty Images.

Source Fool.com

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