General Mills Inc (GIS)
Pretax margin
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,091,100 | 3,206,100 | 3,293,600 | 2,968,900 | 2,661,700 |
| Revenue | US$ in thousands | 2,037,800 | 1,957,400 | 2,134,300 | 2,189,200 | 2,045,600 |
| Pretax margin | 151.69% | 163.79% | 154.32% | 135.62% | 130.12% |
May 26, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,091,100K ÷ $2,037,800K
= 151.69%
The pretax margin of General Mills Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on May 26, 2024, the pretax margin was 151.69%, which decreased compared to the previous year but remained at a relatively high level. This indicates that for every dollar of revenue generated, General Mills Inc retained approximately 15.16 cents as pretax profit.
Despite the slight decrease in the most recent year, General Mills Inc has generally maintained strong pretax margins in the range of 130% to 163% over the past five years. This suggests efficient cost management and revenue generation strategies, as well as effective control over operating expenses.
It is worth noting that while the pretax margin provides insight into the company's profitability before accounting for taxes, further analysis considering other financial metrics and industry benchmarks would be necessary to fully assess General Mills Inc's overall financial performance and competitiveness.
Peer comparison
May 26, 2024