General Mills Inc (GIS)

Net 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
Net income (ttm)	US$ in thousands	2,010,000	2,558,700	2,490,600	2,365,000	2,455,200	2,493,200	2,531,200	2,534,600	2,538,000	2,557,400	2,576,800	2,456,400	2,336,000	2,327,000	2,318,000	2,584,900	2,851,800	3,068,700	3,285,600	3,125,900
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
Net profit margin		10.31%	13.03%	12.68%	12.13%	12.51%	12.43%	12.51%	12.65%	12.78%	12.95%	12.98%	12.23%	11.49%	11.34%	11.30%	12.85%	14.17%	15.50%	16.71%	16.04%

May 31, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,010,000K ÷ $19,486,600K
= 10.31%

The net profit margin of General Mills Inc. has exhibited fluctuations over the examined period, reflecting varying profitability levels. Starting at approximately 16.04% on August 28, 2022, the margin slightly increased to 16.71% by August 31, 2022. Subsequently, a downward trend ensued, with the margin declining to 15.50% by November 27, 2022, and further decreasing to 14.17% by November 30, 2022.

Throughout early 2023, the margin continued to contract, reaching approximately 12.85% on February 26, 2023, and sliding to 11.30% by February 28, 2023. The profitability showed signs of slight recovery thereafter, with margins edging upward to around 11.34% on May 28, 2023, and marginally increasing to 11.49% on May 31, 2023.

By late August 2023, the net profit margin had improved to 12.23% and further to 12.98% on August 31, 2023, maintaining a relatively stable range. The trend persisted into the end of 2023, with the margin recorded at approximately 12.95% on November 26, 2023, and slightly decreasing to 12.78% by November 30, 2023.

In the early months of 2024, the margin remained relatively stable around 12.65% to 12.51%. However, a slight decline was observed, with the margin at 12.13% on August 31, 2024, and marginal increases thereafter to around 12.68% in November 2024, before rising to approximately 13.03% on February 28, 2025. A notable decline occurred in May 2025, with the net profit margin dropping sharply to 10.31%, indicating a significant decrease in profitability relative to revenue during that period.

Overall, the net profit margin demonstrates a pattern of initial decline from mid-2022 through early 2023, followed by periods of stabilization and modest recovery, before experiencing a sharp downturn later in 2025. These fluctuations may be indicative of evolving operating efficiencies, cost management, and external economic conditions impacting the firm's profitability over this period.