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General Mills Gross Margin %

: 30.93% (As of Feb. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. General Mills's Gross Profit for the three months ended in Feb. 2022 was $1,404 Mil. General Mills's Revenue for the three months ended in Feb. 2022 was $4,538 Mil. Therefore, General Mills's Gross Margin % for the quarter that ended in Feb. 2022 was 30.93%.


The historical rank and industry rank for General Mills's Gross Margin % or its related term are showing as below:

GIS' s Gross Margin % Range Over the Past 10 Years
Min: 33.37   Med: 35.39   Max: 36.29
Current: 33.37


During the past 13 years, the highest Gross Margin % of General Mills was 36.29%. The lowest was 33.37%. And the median was 35.39%.

GIS's Gross Margin % is ranked better than
65.06% of 1743 companies
in the Consumer Packaged Goods industry
Industry Median: 26.56 vs GIS: 33.37

General Mills had a gross margin of 30.93% for the quarter that ended in Feb. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for General Mills was -0.10% per year.


General Mills Gross Margin % Historical Data

The historical data trend for General Mills's Gross Margin % can be seen below:

* 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 May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.65 34.53 34.13 34.78 35.57

General Mills Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
Gross Margin % 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 34.38 34.99 35.19 32.47 30.93

Competitive Comparison

For the Packaged Foods subindustry, General Mills's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

   

General Mills Gross Margin % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Gross Margin % distribution charts can be found below:

* The bar in red indicates where General Mills's Gross Margin % falls into.



General Mills Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

General Mills's Gross Margin for the fiscal year that ended in May. 2021 is calculated as

Gross Margin % (A: May. 2021 )=Gross Profit (A: May. 2021 ) / Revenue (A: May. 2021 )
=6448.3 / 18127
=(Revenue - Cost of Goods Sold) / Revenue
=(18127 - 11678.7) / 18127
=35.57 %

General Mills's Gross Margin for the quarter that ended in Feb. 2022 is calculated as


Gross Margin % (Q: Feb. 2022 )=Gross Profit (Q: Feb. 2022 ) / Revenue (Q: Feb. 2022 )
=1403.7 / 4537.7
=(Revenue - Cost of Goods Sold) / Revenue
=(4537.7 - 3134) / 4537.7
=30.93 %

* 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 Margin % 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 30.93% for the quarter that ended in Feb. 2022 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


General Mills Gross Margin % Related Terms

Thank you for viewing the detailed overview of General Mills's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


General Mills Business Description

General Mills logo
Industry
Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2021, 75% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.
Executives
Walker Sean N officer: Group President NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Church John R officer: Chief SC & GBS Officer ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Nudi Jonathon officer: Group President GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Henry Maria director C/O THE HILLSHIRE BRANDS COMPANY 3500 LACEY ROAD DOWNERS GROVE IL 60515
Neal Diane L director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: NEAL DIANE L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Jenkins Jo Ann director 2211 SOUTH 47TH STREET PHOENIX AZ 85034
Lempres Elizabeth Cahill director TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103
Uribe Jorge A. director 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Cordani David director CIGNA CORPORATION 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002
Odland Stephen A director ONE GENERAL MILLS BLVD M03-08 MINNEAPOLIS MN 55426
Clark R Kerry director C/O THE PROCTER & GAMBLE COMPANY ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Sastre Maria director C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Sprunk Eric D director ONE BOWERMAN DRIVE BEAVERTON OR 97005
Ferguson Roger W. Jr. director INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Ogrady Shawn P officer: Group President ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426

General Mills Headlines

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