Tyson Foods Inc., one of the world’s largest food companies with brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported their third quarter 2023 results.
In the third quarter, Tyson Foods closed on the acquisition of Williams Sausage Co. and recorded a goodwill impairment charge of $210 million in Tyson Foods' Chicken segment. They also announced the closure of four additional Chicken facilities, which is expected to reduce costs and improve capacity utilization.