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