General Mills Inc (GIS)

Net profit margin

		May 31, 2025	May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023
Net income	US$ in thousands	2,284,700	2,496,600	2,496,600	2,593,900	2,593,900
Revenue	US$ in thousands	19,486,600	19,857,200	2,037,800	20,094,200	1,957,400
Net profit margin		11.72%	12.57%	122.51%	12.91%	132.52%

May 31, 2025 calculation

Net profit margin = Net income ÷ Revenue
= $2,284,700K ÷ $19,486,600K
= 11.72%

The net profit margin for General Mills Inc. exhibits significant fluctuations over the reported periods. On May 28, 2023, the net profit margin was exceptionally high at 132.52%, suggesting that the company was generating substantial net income relative to its revenues during this period, potentially influenced by non-recurring items or extraordinary gains.

By May 31, 2023, the net profit margin sharply declined to 12.91%, indicating a substantial decrease in profitability or a normalization of earnings following the previous anomalous figure. This more moderate percentage aligns with typical industry margins and suggests a return to more sustainable profitability levels.

Subsequent data points show a remarkable increase again, with the net profit margin reaching 122.51% on May 26, 2024, which again likely reflects extraordinary items, possibly gains from asset sales, tax benefits, or other one-time events rather than ongoing operational results. By May 31, 2024, the margin declined yet remained elevated at 12.57%, closely mirroring the level seen in May 2023, implying a stabilization period after prior extraordinary influences.

Finally, the year ending May 31, 2025, reports a net profit margin of 11.72%, indicating a slight decrease from the previous year and suggesting a possible normalization or slight compression in profitability margins, potentially due to changing market conditions, increased costs, or other operational factors.

Overall, the data indicates that while the net profit margin experienced periods of extraordinary highs likely driven by non-recurring events, the post-2023 figures appear to stabilize within a more typical range around 11-13%, reflecting the company's usual profitability margins under normal operating conditions.