General Mills Tops Estimates, Unveils $3 Billion Cost-Cut Plan Through FY2030; Shares Jump 8.5%
- General Mills (GIS) reported fiscal Q4 adjusted EPS of $0.95 on $4.6B in net sales, beating consensus of $0.81–$0.82, and shares jumped 8.5% on July 1, 2026 (per company release and market data).
- Roughly $2B of the $3B in cumulative savings by end of FY2030 will come from its "Holistic Margin Management" productivity program, with the rest from a global supply-chain and back-office transformation.
- The cost program comes as packaged-food peers face pressured volumes; GIS is targeting reinvestment in brand-building and risk reduction on the balance sheet.