General Mills Inc (GIS)

Gross profit margin

May 26, 2024 Feb 25, 2024 Nov 26, 2023 Aug 27, 2023 May 28, 2023 Feb 26, 2023 Nov 27, 2022 Aug 28, 2022 May 29, 2022 Feb 27, 2022 Nov 28, 2021 Aug 29, 2021 May 30, 2021 Feb 28, 2021 Nov 29, 2020 Aug 30, 2020 May 31, 2020 Feb 23, 2020 Nov 24, 2019 Aug 25, 2019
Gross profit (ttm) US$ in thousands 6,932,100 6,972,000 6,929,400 6,868,600 6,545,800 6,587,500 6,326,400 6,252,500 6,402,200 6,215,200 6,365,400 6,455,300 6,448,300 6,633,500 6,482,800 6,330,800 6,129,900 5,823,100 5,862,900 5,803,500
Revenue (ttm) US$ in thousands 19,623,400 19,921,400 19,985,200 20,092,800 20,365,900 20,227,000 19,807,000 19,609,100 18,992,300 18,622,800 18,415,500 18,103,000 17,911,900 18,427,300 18,083,800 17,766,400 17,397,300 16,536,800 16,498,400 16,475,500
Gross profit margin 35.33% 35.00% 34.67% 34.18% 32.14% 32.57% 31.94% 31.89% 33.71% 33.37% 34.57% 35.66% 36.00% 36.00% 35.85% 35.63% 35.23% 35.21% 35.54% 35.23%

May 26, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,932,100K ÷ $19,623,400K
= 35.33%

General Mills Inc has displayed a varying trend in its gross profit margin over the past several periods. The company's gross profit margin ranged from a low of 31.89% in Aug 28, 2022, to a high of 36.00% in Aug 29, 2021, and Feb 28, 2021. Overall, the average gross profit margin for General Mills Inc during these periods was approximately 34.76%.

The gross profit margin metric indicates the company's ability to generate profit from its core business operations after accounting for the cost of goods sold. Generally, a higher gross profit margin suggests better efficiency in production and pricing strategies. In the case of General Mills Inc, the margins have been relatively stable, with fluctuations within a reasonable range.

It is important for investors and stakeholders to monitor the trend of the gross profit margin over time, as significant fluctuations may indicate changes in pricing strategies, input costs, or competitive pressures. Continued analysis of General Mills Inc's financial performance, alongside other key metrics and industry benchmarks, can provide a comprehensive understanding of the company's operational efficiency and profitability.


Peer comparison

May 26, 2024

Company name
Symbol
Gross profit margin
General Mills Inc
GIS
35.33%
Ingredion Incorporated
INGR
21.43%
Kellanova
K
32.64%
Post Holdings Inc
POST
29.09%

See also:

General Mills Inc Gross Profit Margin (Quarterly Data)