General Mills Inc (GIS)
Pretax margin
| May 31, 2025 | May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,835,000 | 3,028,300 | 3,091,100 | 3,140,500 | 3,206,100 |
| Revenue | US$ in thousands | 19,486,600 | 19,857,200 | 2,037,800 | 20,094,200 | 1,957,400 |
| Pretax margin | 14.55% | 15.25% | 151.69% | 15.63% | 163.79% |
May 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $2,835,000K ÷ $19,486,600K
= 14.55%
The pretax margin for General Mills Inc., as reflected in the provided data, exhibits notable fluctuations across the observed periods. On May 28, 2023, the pretax margin was exceptionally high at 163.79%. However, shortly thereafter, by May 31, 2023, it dramatically declined to 15.63%. A similar pattern is observed for the subsequent year, with the pretax margin on May 26, 2024, again reaching a high of 151.69%, before decreasing to 15.25% by May 31, 2024. For the most recent period, May 31, 2025, the pretax margin further contracted to 14.55%.
This pattern indicates that the pretax margin experienced extreme volatility, characterized by brief, extraordinary spikes followed by substantial declines. The significant disparity between the peaks (exceeding 150%) and the subsequent levels around 15% suggests periods of irregular accounting or extraordinary items that temporarily inflated profitability measures. The sustained decline from the high margins in prior periods to the more consistent, lower margins in 2025 could imply a normalization of earnings or the impact of operational changes, cost structures, or accounting adjustments over time.
Overall, the data points towards atypical fluctuations in pretax profitability, which may necessitate further investigation into underlying causes such as special items, non-recurring revenue or expenses, or accounting practices impacting the pretax margin figures across these periods.
Peer comparison
May 31, 2025