General Mills Inc (GIS)

Pretax margin

		May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023	May 31, 2022
Earnings before tax but after interest (EBT)	US$ in thousands	3,028,300	3,091,100	3,140,500	3,206,100	3,209,600
Revenue	US$ in thousands	19,857,200	2,037,800	20,094,200	1,957,400	18,992,800
Pretax margin		15.25%	151.69%	15.63%	163.79%	16.90%

May 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $3,028,300K ÷ $19,857,200K
= 15.25%

The pretax margin of General Mills Inc has fluctuated over the past few years, ranging from 15.25% to 163.79%. This metric indicates the company's ability to generate profit before taxes relative to its total revenue. The significant spike in pretax margin to 163.79% on May 28, 2023, is unusual and may warrant further investigation to understand the underlying reasons for this exceptional performance. Overall, maintaining a consistent and healthy pretax margin will be crucial for General Mills Inc to sustain profitability and continue to grow its business effectively.

Peer comparison

May 31, 2024

Company name

Symbol

Pretax margin

General Mills Inc

GIS

15.25%

Ingredion Incorporated