General Mills Inc (GIS)
Pretax margin
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,091,100 | 3,153,200 | 2,995,200 | 3,016,700 | 3,206,100 | 3,407,800 | 3,529,900 | 3,533,800 | 3,293,600 | 2,860,000 | 2,834,200 | 2,955,100 | 2,968,900 | 3,210,500 | 3,025,100 | 2,883,600 | 2,661,700 | 2,393,700 | 2,364,000 | 2,077,700 |
| Revenue (ttm) | US$ in thousands | 19,623,400 | 19,921,400 | 19,985,200 | 20,092,800 | 20,365,900 | 20,227,000 | 19,807,000 | 19,609,100 | 18,992,300 | 18,622,800 | 18,415,500 | 18,103,000 | 17,911,900 | 18,427,300 | 18,083,800 | 17,766,400 | 17,397,300 | 16,536,800 | 16,498,400 | 16,475,500 |
| Pretax margin | 15.75% | 15.83% | 14.99% | 15.01% | 15.74% | 16.85% | 17.82% | 18.02% | 17.34% | 15.36% | 15.39% | 16.32% | 16.58% | 17.42% | 16.73% | 16.23% | 15.30% | 14.47% | 14.33% | 12.61% |
May 26, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,091,100K ÷ $19,623,400K
= 15.75%
The pretax margin for General Mills Inc has shown some fluctuations over the past few quarters. In the most recent quarter, the pretax margin was 15.75%, which is slightly lower compared to the preceding quarter at 15.83%. However, when looking at a longer trend, the pretax margin has generally been stable, with occasional variations.
The highest pretax margin observed was 18.02% in the quarter ending August 28, 2022, while the lowest was 12.61% in the quarter ending August 25, 2019. This indicates that General Mills has experienced a range of profitability levels over the analyzed period.
Overall, the pretax margin trend for General Mills Inc suggests that the company has been able to maintain relatively consistent profitability levels, with occasional fluctuations which may be influenced by various internal and external factors impacting their financial performance. Further analysis and monitoring of the pretax margin will provide insights into the company's ongoing financial health and efficiency in generating profits before taxes.
Peer comparison
May 26, 2024