General Mills Inc (GIS)
Gross profit margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,932,100 | 6,932,100 | 6,545,800 | 6,545,800 | 6,402,200 |
| Revenue | US$ in thousands | 19,857,200 | 2,037,800 | 20,094,200 | 1,957,400 | 18,992,800 |
| Gross profit margin | 34.91% | 340.18% | 32.58% | 334.41% | 33.71% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,932,100K ÷ $19,857,200K
= 34.91%
General Mills Inc's gross profit margin has exhibited fluctuations over the years. As of May 31, 2022, the gross profit margin stood at 33.71%. There was a significant increase to 334.41% by May 28, 2023, presenting an anomaly that may be due to data discrepancies or irregularities. Subsequently, the margin decreased to 32.58% by May 31, 2023. By May 26, 2024, there was another notable surge in the gross profit margin, reaching 340.18%. Finally, as of May 31, 2024, the margin settled at 34.91%. These fluctuations indicate potential variations in the company's cost of goods sold and revenue generation strategies, which may warrant further investigation to understand the underlying factors influencing General Mills Inc's gross profit margin.
Peer comparison
May 31, 2024