General Mills Inc (GIS)
Gross profit margin
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,932,100 | 6,545,800 | 6,402,200 | 6,448,300 | 6,129,900 |
| Revenue | US$ in thousands | 2,037,800 | 1,957,400 | 2,134,300 | 2,189,200 | 2,045,600 |
| Gross profit margin | 340.18% | 334.41% | 299.97% | 294.55% | 299.66% |
May 26, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,932,100K ÷ $2,037,800K
= 340.18%
General Mills Inc's gross profit margin has shown a consistent upward trend over the past five years. The company's gross profit margin increased from 299.66% in May 2020 to 340.18% in May 2024, indicating an improvement in the company's ability to generate profits from its core operations. This upward trend suggests that General Mills has been effective in managing its production costs and pricing strategies to enhance profitability. Overall, the increasing trend in the gross profit margin reflects positively on the company's operational efficiency and potential for sustained profitability.
Peer comparison
May 26, 2024
Company name
Symbol
Gross profit margin
General Mills Inc
GIS
340.18%
Ingredion Incorporated
INGR
21.43%
Kellanova
K
32.64%
Post Holdings Inc
POST
29.09%
WK Kellogg Co
KLG
2.48%