General Mills (WBO:GIS) Tax Rate % : 18.49% (As of Feb. 2024)

View and export this data going back to 2018. Start your Free Trial

What is General Mills Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. General Mills's Tax Expense for the three months ended in Feb. 2024 was €138 Mil. General Mills's Pre-Tax Income for the three months ended in Feb. 2024 was €749 Mil. Therefore, General Mills's Tax Rate % for the quarter that ended in Feb. 2024 was 18.49%.

General Mills Tax Rate % Historical Data

The historical data trend for General Mills's Tax Rate % 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 Tax Rate % Chart

General Mills Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Tax Rate %

Get a 7-Day Free Trial

17.67

18.48

22.02

18.27

19.49

General Mills Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Tax Rate %	Get a 7-Day Free Trial															16.57	19.08	20.87	19.04	18.49

General Mills Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

General Mills's Tax Rate % for the fiscal year that ended in May. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: May. 2023 )	/	Pre-Tax Income (A: May. 2023 )
	=	563.224	/	2889.26
	=	19.49 %

General Mills's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Feb. 2024 )	/	Pre-Tax Income (Q: Feb. 2024 )
	=	138.401	/	748.645
	=	18.49 %

General Mills Tax Rate % Related Terms

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

General Mills (WBO:GIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (WBO:GIS) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

GIS:USA GIS:Mexico GRM:Germany G1MI34:Brazil

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, 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 Buffalo, and Haagen-Dazs. In fiscal 2023, 81% 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 to the foodservice channel and the commercial baking industry.