General Mills Inc (GIS)

Gross profit margin

		May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	May 26, 2024	Feb 29, 2024	Feb 25, 2024	Nov 30, 2023	Nov 26, 2023	Aug 31, 2023	Aug 27, 2023	May 31, 2023	May 28, 2023	Feb 28, 2023	Feb 26, 2023	Nov 30, 2022	Nov 27, 2022	Aug 31, 2022	Aug 28, 2022
Gross profit (ttm)	US$ in thousands	5,291,400	6,947,300	6,996,500	6,772,800	6,791,400	6,869,000	6,946,600	7,009,700	7,072,800	7,035,100	6,997,400	6,891,700	6,786,000	6,762,900	6,739,800	6,522,700	6,305,600	6,370,400	6,435,200	6,391,200
Revenue (ttm)	US$ in thousands	19,486,600	19,644,300	19,638,700	19,497,800	19,627,200	20,052,700	20,237,700	20,043,200	19,853,400	19,744,000	19,857,000	20,078,200	20,331,800	20,522,500	20,517,100	20,108,800	20,128,300	19,798,800	19,665,300	19,485,400
Gross profit margin		27.15%	35.37%	35.63%	34.74%	34.60%	34.25%	34.33%	34.97%	35.63%	35.63%	35.24%	34.32%	33.38%	32.95%	32.85%	32.44%	31.33%	32.18%	32.72%	32.80%

May 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,291,400K ÷ $19,486,600K
= 27.15%

The gross profit margin of General Mills Inc exhibits notable fluctuations over the analyzed period, reflecting shifts in cost management, product pricing, or product mix. From late August 2022 to late August 2023, the gross profit margin experienced a gradual upward trend, beginning at 32.80% and reaching a peak of 35.24%. This trajectory indicates an improvement in gross profitability, potentially due to better cost controls, favorable product mix, or pricing strategies.

In the subsequent period extending into late 2024, the gross profit margin stabilized around the 35.63% level, maintaining consistency and suggesting sustained efficiency in managing costs relative to revenue. However, by May 2025, a significant decline is observed, with the gross profit margin sharply decreasing to 27.15%. This considerable drop could be attributable to various factors such as increased costs, pricing pressure, product mix changes, or external economic conditions affecting profitability.

Overall, the data reveals a pattern of initial growth and stabilization in gross profit margins, followed by a pronounced reduction in the latest period. This trend warrants further investigation into underlying operational or market factors contributing to these changes to better understand the company’s gross profitability dynamics.