General Mills completes sale of Brazil business to Grupo 3corações

Tyson Foods, MGP Ingredients, Conagra, Flowers Foods, and General Mills shares fell due to U.S. cattle shortages and margin pressures. Tyson cut its 2026 adjusted operating income outlook to $2.1B-$2.3B, citing beef-segment losses. The company is closing plants and exploring sales to restructure. Other firms also saw declines. Tyson's stock is down 11% YTD and 24.8% from its 52-week high.

Campbell Soup (CPB) cut its dividend by 36% and lowered earnings guidance, causing its stock to drop 9%. General Mills (GIS) and Kraft Heinz (KHC) also fell 4% and 3%, respectively, due to sector-wide concerns. The Consumer Staples ETF (XLP) remained flat, while the S&P 500 (SPY) gained 1%.

GIS (formerly Neontech) said Aug. 12 it will expand MLCC equipment production by adding a Gumi manufacturing line and setting up a Philippines subsidiary. With its Anyang output at full capacity, GIS will use existing Gumi infrastructure to limit capex and speed capacity growth. It cites rising AI-server MLCC demand, with core equipment orders up over 3x YoY and backlog up about 180% by May.

General Mills recalled a Walmart bakery dough item due to possible glass contamination distributed to 19 states. The company said customers may not have lot codes because they are on bulk cases. General Mills reported fiscal Q4 net sales of $4.6B (+1%) and FY net sales of $18.4B (-5%), with North America Retail sales down 4% and operating profit down 20%.

General Mills is recalling more than 735,000 frozen Pillsbury bread rolls due to possible glass contamination, according to an FDA recall report. The FDA classified it as Class II on July 13. Affected items include Hard Roll Dough and Kaiser Roll Dough with specified lot numbers and “Better if Used by” dates in Oct. 2026, distributed across multiple states.

General Mills said the US consumer remains pressured and it does not expect category or consumer conditions to improve, citing changes like more promotion buying and value-focused trade-offs. After earnings, it reported EPS of 95 cents vs 80-cent consensus and revenue up 1% YoY, but guided FY2027 flat. It expects inflation 4–5% (oil ~$100) and highlighted strong pet/cat growth.