General Mills (LTS:0R1X) Retained Earnings : $21,340 Mil (As of Nov. 2024)

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What is General Mills Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. General Mills's retained earnings for the quarter that ended in Nov. 2024 was $21,340 Mil.

General Mills's quarterly retained earnings increased from May. 2024 ($20,972 Mil) to Aug. 2024 ($21,214 Mil) and increased from Aug. 2024 ($21,214 Mil) to Nov. 2024 ($21,340 Mil).

General Mills's annual retained earnings increased from May. 2022 ($18,533 Mil) to May. 2023 ($19,839 Mil) and increased from May. 2023 ($19,839 Mil) to May. 2024 ($20,972 Mil).

General Mills Retained Earnings Historical Data

The historical data trend for General Mills's Retained Earnings 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.

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General Mills Retained Earnings Chart

General Mills Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Retained Earnings

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15,982.10

17,069.80

18,532.60

19,838.60

20,971.80

General Mills Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Retained Earnings	Get a 7-Day Free Trial															20,080.90	20,416.70	20,971.80	21,213.90	21,340.30

General Mills Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

General Mills (LTS:0R1X) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

General Mills Business Description

Industry

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Address

Number One General Mills Boulevard, Minneapolis, MN, USA, 55426

Website

https://www.generalmills.com

General Mills is a global packaged food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2024, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

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