Market Cap : 42.53 B | Enterprise Value : 53.96 B | PE Ratio : 18.86 | PB Ratio : 4.33 |
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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:
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%.
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.
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.
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.
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.
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.
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
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.
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.
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 |
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