>
Switch to:

General Mills Gross Profit

: $6,634 Mil (TTM As of Feb. 2021)
View and export this data going back to 1952. Start your Free Trial

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 highest Gross 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
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Gross Profit (A: May. 2020 )=Revenue - Cost of Goods Sold
=17626.6 - 11496.7
=6,130

General Mills's Gross Profit for the quarter that ended in Feb. 2021 is calculated as

Gross Profit (Q: Feb. 2021 )=Revenue - Cost of Goods Sold
=4520 - 2966.1
=1,554

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2021 was 1768.1 (May. 2020 ) + 1590.4 (Aug. 2020 ) + 1721.1 (Nov. 2020 ) + 1553.9 (Feb. 2021 ) = $6,634 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

General Mills's Gross Margin % for the quarter that ended in Feb. 2021 is calculated as

Gross Margin % (Q: Feb. 2021 )=Gross Profit (Q: Feb. 2021 ) / Revenue (Q: Feb. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,554 / 4520
=34.38 %

* 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


General Mills Gross Profit Related Terms


General Mills Gross Profit Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)