General Mills Inc (GIS)

Net profit margin

		May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023	May 31, 2022
Net income	US$ in thousands	2,496,600	2,496,600	2,593,900	2,593,900	2,707,300
Revenue	US$ in thousands	19,857,200	2,037,800	20,094,200	1,957,400	18,992,800
Net profit margin		12.57%	122.51%	12.91%	132.52%	14.25%

May 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,496,600K ÷ $19,857,200K
= 12.57%

General Mills Inc's net profit margin has shown fluctuations over the periods provided. In May 2022, the net profit margin was at 14.25%, indicating that the company retained approximately 14.25% of its revenue as profit. The net profit margin significantly increased to 132.52% by May 2023, which is unusually high and may be due to specific accounting or non-recurring items impacting profitability.

Subsequently, in May 2023, the net profit margin decreased to 12.91%, suggesting a reduction in profitability compared to the previous period. The margin then surged to 122.51% by May 2024, before declining to 12.57% in the same period. These fluctuations may indicate various factors affecting General Mills Inc's bottom line, such as changes in revenue, costs, or one-time events influencing profitability.

Overall, while the net profit margin of General Mills Inc has showcased variability, it is essential to further investigate the reasons behind these fluctuations to better understand the company's financial performance and sustainability.