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General Mills (NYSE:GIS) Net Margin %

: 11.61% (As of Nov. 2022)
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Net margin is calculated as Net Income divided by its Revenue. General Mills's Net Income for the three months ended in Nov. 2022 was $606 Mil. General Mills's Revenue for the three months ended in Nov. 2022 was $5,221 Mil. Therefore, General Mills's net margin for the quarter that ended in Nov. 2022 was 11.61%.

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

GIS' s Net Margin % Range Over the Past 10 Years
Min: 6.93   Med: 10.53   Max: 15.02
Current: 15.02


GIS's Net Margin % is ranked better than
89.15% of 1797 companies
in the Consumer Packaged Goods industry
Industry Median: 3.07 vs GIS: 15.02

General Mills Net Margin % Historical Data

The historical data trend for General Mills's Net 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 May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Net Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.54 10.39 12.37 12.91 14.25

General Mills Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22
Net 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 11.89 14.55 16.82 17.38 11.61

Competitive Comparison

For the Packaged Foods subindustry, General Mills's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % Distribution

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

* The bar in red indicates where General Mills's Net Margin % falls in comparison to its industry or sector. The grey bar indicates the Net Margin %'s extreme value range as defined by GuruFocus.



General Mills Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

General Mills's Net Margin for the fiscal year that ended in May. 2022 is calculated as

Net Margin=Net Income (A: May. 2022 )/Revenue (A: May. 2022 )
=2707.3/18992.8
=14.25 %

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

Net Margin=Net Income (Q: Nov. 2022 )/Revenue (Q: Nov. 2022 )
=605.9/5220.7
=11.61 %

* 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.


General Mills  (NYSE:GIS) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


General Mills Net Margin % Related Terms

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


General Mills (NYSE:GIS) Business Description

General Mills logo
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
Thissen Karen Wilson officer: General Counsel & Secretary 1098 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474
Gallagher Paul Joseph officer: Chief Supply Chain Officer 1 GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Montemayor Jaime officer: Chief Technology Officer NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Pallot Mark A officer: Chief Accounting Officer NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Jenkins Jo Ann director 2211 SOUTH 47TH STREET PHOENIX AZ 85034
Mcnabb Dana M officer: Group President NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Lempres Elizabeth Cahill director TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103
Walker Sean N officer: Group President NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Neal Diane L director
Benson Jodi J officer: Chief Innovation Officer GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Sastre Maria director C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Bishop William W Jr officer: Group President C/O BLUE BUFFALO PET PRODUCTS, INC. 11 RIVER ROAD WILTON CT 06897
Bruce Kofi A officer: Vice President GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426
Pollard Ivan officer: Senior Vice President GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426
Law Christina officer: Group President GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426

General Mills (NYSE:GIS) Headlines

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