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General Mills Gross Profit

: USD 5,757 Mil (TTM As of May. 2019)
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General Mills's gross profit for the three months ended in May. 2019 was USD 1,461 Mil. General Mills's gross profit for the trailing twelve months (TTM) ended in May. 2019 was USD 5,757 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. General Mills's gross profit for the three months ended in May. 2019 was USD 1,461 Mil. General Mills's Revenue for the three months ended in May. 2019 was USD 4,162 Mil. Therefore, General Mills's Gross Margin % for the quarter that ended in May. 2019 was 35.11%.

General Mills had a gross margin of 35.11% for the quarter that ended in May. 2019 => 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 35.61%.


General Mills Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

General Mills Annual Data

May10 May11 May12 May13 May14 May15 May16 May17 May18 May19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,949.20 5,829.50 5,567.80 5,435.60 5,756.80

General Mills Quarterly Data

Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 1,419.60 1,342.80 1,509.70 1,443.00 1,461.30

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. 2019 is calculated as

Gross Profit (A: May. 2019 )=Revenue - Cost of Goods Sold
=16865.2 - 11108.4
=5,757

General Mills's Gross Profit for the quarter that ended in May. 2019 is calculated as

Gross Profit (Q: May. 2019 )=Revenue - Cost of Goods Sold
=4161.7 - 2700.4
=1,461

Gross Profit for the trailing twelve months (TTM) ended in May. 2019 was 1342.8 (Aug. 2018 ) + 1509.7 (Nov. 2018 ) + 1443 (Feb. 2019 ) + 1461.3 (May. 2019 ) = USD 5,757 Mil.

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

General Mills's Gross Margin % for the quarter that ended in May. 2019 is calculated as

Gross Margin % (Q: May. 2019 )=Gross Profit (Q: May. 2019 ) / Revenue (Q: May. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,461 / 4161.7
=35.11 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 35.11% for the quarter that ended in May. 2019 => Competition eroding margins


General Mills Gross Profit Explanation


General Mills Gross Profit Headlines

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