$GIS

Bank of America analysts said US packaged food price cuts over the past year did not lift sales volumes, leading companies to pursue different revenue strategies. The bank highlighted Mondelez (MDLZ) and J.M. Smucker, and discussed peers including Kraft Heinz, Hershey, Conagra, General Mills, McCormick, Campbell Soup, and PepsiCo’s Frito-Lay. It also linked a pricing-led shift to potential factory closures.

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 says its North America Foodservice unit is updating its K-12 food portfolio with new Pillsbury and Gold Medal items and ongoing reformulation. It claims over 75% of the K-12 lineup is whole grain-rich, with reduced added sugars and sodium. The company also states its entire K-12 portfolio uses no certified colors, ahead of a summer 2026 goal.

General Mills (GIS) shares rebounded after an earnings release that beat expectations on adjusted EPS and revenue, and management outlined a $3 billion cost-saving plan. The stock rose 9.14% over 90 days, while longer-term returns were negative. GIS last closed at $36.89 versus a $37.88 fair-value narrative, with P/S at 1.1x.

Food manufacturers and retailers are reformulating cereals, drinks, and other products to remove certified synthetic colors, prompting new package claims and possible shade changes and price impacts, according to grocery analyst Phil Lempert and Circana. Target requires “made without” certified synthetic colors for cereals, and Sam’s Club and Aldi set similar private-label standards. Companies including Kraft Heinz, General Mills, and PepsiCo are testing or launching dye-free products; Circana r

General Mills’ North America Retail business is targeting a return to organic sales growth through pricing, product innovation, and marketing changes, according to COO Dana McNabb. NAR organic sales were down 4% in fiscal 2026 Q3 ended Feb. 22, but base volume improved and household penetration returned. The company plans meaningful innovation across its eight billion-dollar brands and highlighted Totino’s and Blue Buffalo as lagging.

General Mills shares fell about 3.1% since its last earnings report, underperforming the S&P 500. In fiscal Q4, adjusted earnings were 95 cents per share, above the Zacks estimate of 82 cents, with net sales up 1% to $4,609.6 million. For fiscal 2027, the company expects organic net sales of -1.5% to +0.5% and adjusted EPS of $3.00 to $3.20, while consensus estimates have declined about 10.82%.

The article says slowing volume growth and budget pressure are pushing CPG firms to shift from product-focused innovation to brand “platform” strategies. It highlights The Hershey Co. expanding Reese’s into new formats and better-for-you items, General Mills investing in protein and a Remarkable Experiences framework while targeting $3 billion in savings, and Kellanova pursuing dual functional plus sensory snack innovation.

General Mills, ADM and Walmart announced a regenerative agriculture partnership covering 40,000 Midwest wheat acres, where ADM supplies wheat for General Mills products sold at Walmart and Sam’s Club. The program will use technical assistance and incentives to support practices like no-till and cover crops, targeting soil health, water quality and carbon sequestration. General Mills aims for 1 million acres by 2030.

General Mills recalled two frozen Pillsbury bread roll dough products supplied to Walmart in-store bakeries in 19 states after an FDA enforcement report said the items may contain glass fragments. The recall covers about 735,840 rolls across two lot/UPC groups. No injuries were reported. FDA classified both as Class II on July 13; General Mills said product was removed.