General Mills Inc (GIS)
Operating profit margin
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,431,700 | 3,431,700 | 3,433,800 | 3,433,800 | 3,475,800 |
| Revenue | US$ in thousands | 19,857,200 | 2,037,800 | 20,094,200 | 1,957,400 | 18,992,800 |
| Operating profit margin | 17.28% | 168.40% | 17.09% | 175.43% | 18.30% |
May 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,431,700K ÷ $19,857,200K
= 17.28%
General Mills Inc's operating profit margin has shown significant fluctuations over the past few years. The margin stood at 18.30% as of May 31, 2022, before experiencing a sharp increase to 175.43% by May 28, 2023. This sudden spike was followed by a decrease to 17.09% by May 31, 2023. Subsequently, the margin rose again to 168.40% on May 26, 2024, before settling at 17.28% by May 31, 2024.
These fluctuations could indicate various factors impacting General Mills' operating efficiency and profitability during these periods. It is essential for investors and stakeholders to further investigate the reasons behind these drastic changes in operating profit margins to assess the company's financial performance and sustainability.
Peer comparison
May 31, 2024