A tight US cattle supply, high input costs and a strong dollar hinders profitability.

US retail and foodservice sales fall 31% during the third quarter.

Evaluations continue after the company suffers a net loss in the third quarter.

With divestiture of frozen fruit unit, company now more fully focused on key categories.

Uncertain economic environment also weighs on results.

Seeks to elevate the brand and unlock growth.

Sales increase 3.6% in the third quarter.

Cuts will take place between December and August 2024.

Will no longer be organized by regions.

Offer had been set to expire at 12 a.m. EST on Nov. 7.