General Mills's gross profit for the
three
months ended in Feb. 2021 was $1,554 Mil. General Mills's gross profit for the trailing twelve months (TTM) ended in Feb. 2021 was $6,634 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. General Mills's gross profit for the
three
months ended in Feb. 2021 was $1,554 Mil. General Mills's Revenue for the
three
months ended in Feb. 2021 was $4,520 Mil. Therefore, General Mills's Gross Margin % for the quarter that ended in Feb. 2021 was 34.38%.
General Mills had a gross margin of 34.38% for the quarter that ended in Feb. 2021 => Competition eroding margins
During the past 13 years, the highestGross Margin % of General Mills was 40.01%. The lowest was 33.74%. And the median was 35.39%.
General Mills Gross Profit Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
General Mills Annual Data
Trend
May11
May12
May13
May14
May15
May16
May17
May18
May19
May20
Gross Profit
5,829.50
5,567.80
5,435.60
5,756.80
6,129.90
General Mills Quarterly Data
May16
Aug16
Nov16
Feb17
May17
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
Gross Profit
1,403.20
1,768.10
1,590.40
1,721.10
1,553.90
Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.
General Mills Gross Profit Distribution
* The bar in red indicates where General Mills's Gross Profit falls into.
General Mills Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
General Mills's Gross Profit for the fiscal year that ended in May. 2020 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
General Mills (NYSE:GIS) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
General Mills had a gross margin of 34.38% for the quarter that ended in Feb. 2021 => Competition eroding margins
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