GENERAL MILLS INC

10-K & 10-Q Filings

General Mills is a leading global manufacturer and marketer of over 100 branded consumer food products across six continents. The company operates under four business segments: North America Retail, International, Pet, and North America Foodservice. Its products include snacks, ready-to-eat cereal, convenient meals, wholesome natural pet food, refrigerated and frozen dough, baking mixes and ingredients, yogurt, and super-premium ice cream. The company's primary customers are grocery stores, mass merchandisers, natural food chains, and e-commerce retailers. Competition in the human and pet food categories is intense, with numerous manufacturers and retailers offering a range of products. Raw materials, ingredients, and packaging are significant inputs for the company, and their prices can fluctuate due to external factors such as weather, climate change, and trade tariffs. The company's website is https://www.generalmills.com, and its ticker symbol is GIS.

12 mos ending May 27, 201212 mos ending May 26, 201312 mos ending May 25, 201412 mos ending May 31, 201512 mos ending May 29, 201612 mos ending May 28, 201712 mos ending May 27, 201812 mos ending May 26, 201912 mos ending May 31, 202012 mos ending May 30, 202112 mos ending May 29, 202212 mos ending May 28, 20239 mos ending Feb 26, 20239 mos ending Feb 25, 2024CAGR %YoY %Revenue (+)
$16657.90
17774.10
17909.60
17630.30
16563.10
15619.80
15740.40
16865.20
17626.60
18127.00
18992.80
20094.20
15064.20
15143.30
1.72%0.53%Cost of Revenue (-)
$10613.20
11350.20
11539.80
11681.10
10733.60
10056.00
10312.90
11108.40
11496.70
11678.70
12590.60
13548.40
10246.60
9899.50
2.24%-3.39%Gross Profit (+)
$6044.70
6423.90
6369.80
5949.20
5829.50
5563.80
5427.50
5756.80
6129.90
6448.30
6402.20
6545.80
4817.60
5243.80
0.73%8.85%Selling, General & Administrative (-)
$3380.70
3552.30
3474.30
3328.00
3118.90
2801.30
2752.60
2935.80
3151.60
3079.60
3147.00
3500.40
2632.50
2460.70
0.32%-6.53%Non-recurring Operating Expenses (-)
$101.60
19.80
3.60
543.90
151.40
182.60
165.60
275.10
24.40
170.40
-26.50
56.20
14.10
130.60
-5.24%826.24%Operating Expenses (-)
$3482.30
3572.10
3412.40
3871.90
3122.10
2997.40
2918.20
3240.90
3176.00
3303.50
2926.40
3112.00
2202.00
2591.30
-1.02%17.68%Costs & Expenses (Total) (-)
$14095.50
14922.30
14952.20
15553.00
13855.70
13053.40
13231.10
14349.30
14672.70
14982.20
15517.00
16660.40
12448.60
12490.80
1.53%0.34%Operating Income/Loss (+)
$2562.40
2851.80
2957.40
2077.30
2707.40
2566.40
2509.30
2515.90
2953.90
3144.80
3475.80
3433.80
2615.60
2652.50
2.70%1.41%Non-operating Income/Expense (+)
$88.20
98.80
89.60
84.30
88.40
85.00
84.70
159.90
203.90
250.60
225.10
170.10
122.90
121.40
6.15%-1.22%Interest Expense (-)
$351.90
316.90
302.40
315.40
303.80
295.10
373.70
521.80
466.50
420.30
379.60
382.10
277.50
356.50
0.75%28.47%Earnings before Tax (+)
$2210.50
2534.90
2655.00
1761.90
2403.60
2271.30
2135.60
2082.00
2600.20
2857.40
3209.60
3140.50
2403.10
2351.70
3.24%-2.14%Tax Expense (-)
$709.60
741.20
883.30
586.80
755.20
655.20
57.30
367.80
480.50
629.10
586.30
612.20
471.50
458.50
-1.33%-2.76%Income/Loss (Continuing Operations) (+)
$1500.90
1793.70
1771.70
1175.10
1648.40
1616.10
2078.30
1714.20
2119.70
2228.30
2623.30
2528.30
1931.60
1893.20
4.85%-1.99%Profit/Loss (+)
$
1736.80
1701.10
2163.00
1786.20
2210.80
2346.00
2735.00
2609.60
1989.50
1958.90
-1.54%Net Income/Loss (NCI) (-)
$
39.40
43.60
32.00
33.50
29.60
6.20
27.70
15.70
10.50
19.80
88.57%Net Income/Loss (+)
$1567.30
1855.20
1824.40
1221.30
1697.40
1657.50
2131.00
1752.70
2181.20
2339.80
2707.30
2593.90
1979.00
1939.10
4.69%-2.02%Net Income/Loss (Common) (+)
$1567.30
1855.20
1824.40
1221.30
1697.40
1657.50
2131.00
1752.70
2181.20
2339.80
2707.30
2593.90
1979.00
1939.10
4.69%-2.02%EPS (Basic)
$2.42
2.86
2.90
2.02
2.83
2.82
3.69
2.92
3.59
3.81
4.46
4.36
3.32
3.35
5.50%0.90%EPS (Diluted)
$2.35
2.79
2.83
1.97
2.77
2.77
3.64
2.90
3.56
3.78
4.42
4.31
3.28
3.33
5.67%1.52%Weighted Avg Shares (Basic)
648.59
640.86
612.51
598.74
597.02
577.10
593.37
601.96
609.87
607.21
597.16
585.18
587.35
564.55
-0.93%-3.88%Cash
$
399.00
450.00
1677.80
1505.20
569.40
585.50
618.70
588.60
-4.87%Receivables
$1323.60
1446.40
1483.60
1386.70
1360.80
1430.10
1684.20
1679.70
1615.10
1638.50
1692.10
1683.20
1770.20
1771.10
2.21%0.05%Inventory
$1478.80
1545.50
1559.40
1540.90
1413.70
1483.60
1642.20
1559.30
1426.30
1820.50
1867.30
2172.00
2083.30
1828.00
3.56%-12.25%Prepaid Expenses (Current)
$358.10
437.60
409.10
423.80
399.00
381.60
398.30
497.50
402.10
790.30
802.10
735.70
643.80
466.80
6.76%-27.49%Other Assets (Current)
$530.90
869.40
941.40
434.30
763.70
766.10
158.90
Assets (Current)
$3691.40
4298.90
4393.50
3785.70
3937.20
4061.40
4123.70
4186.50
5121.30
5754.50
5089.80
5176.40
5116.00
4654.50
3.12%-9.02%Property, Plant & Equipment (Net)
$3652.70
3878.10
3941.90
3783.30
3743.60
3687.70
4047.20
3787.20
3580.60
3606.80
3393.80
3636.20
3353.60
3643.60
-0.04%8.65%Goodwill & Intangibles
$12887.40
13637.30
13664.80
13551.90
13279.80
13277.60
21510.10
21162.60
21019.00
21213.00
21378.40
21478.80
21455.80
21390.90
4.75%-0.30%Other Assets
$865.30
843.70
1145.50
843.60
751.70
785.90
943.00
974.90
1085.80
1267.60
1228.10
1160.30
1274.40
1171.50
2.70%-8.07%Assets (Non-current)
$17405.40
18359.10
18752.20
18178.80
17775.10
17751.20
26500.30
25924.70
25685.40
26087.40
26000.30
26275.30
26083.80
26206.00
3.82%0.47%Assets (Total)
$21096.80
22658.00
23145.70
21964.50
21712.30
21812.60
30624.00
30111.20
30806.70
31841.90
31090.10
31451.70
31199.80
30860.50
3.70%-1.09%Accounts Payable
$1148.90
1423.20
1611.30
1684.00
2046.50
2119.80
2746.20
2854.10
3247.70
3653.50
3982.30
4194.20
3868.20
3613.50
12.49%-6.58%Debt (Current)
$1267.70
2043.00
2362.30
1616.20
1373.20
1838.80
3149.90
2865.20
2610.50
2825.10
2485.60
1740.80
3447.00
1498.90
2.93%-56.52%Other Liabilities (Current)
$1426.60
1827.70
1449.90
1589.90
1595.00
1372.20
1445.80
1367.80
1633.30
1787.20
1552.00
1600.70
2103.10
1949.50
1.05%-7.30%Liabilities (Current)
$3843.20
5293.90
5423.50
4890.10
5014.70
5330.80
7341.90
7087.10
7491.50
8265.80
8019.90
7535.70
9418.30
7061.90
6.31%-25.02%Debt (Non-current)
$6161.90
5926.10
6423.50
7607.70
7057.70
7642.90
12668.70
11624.80
10929.00
9786.90
9134.80
9965.10
8140.20
11015.10
4.47%35.32%Other Liabilities
$4209.00
4309.50
4293.30
4074.00
4332.80
4153.40
4121.00
4031.60
4036.70
4016.00
3147.40
3250.90
3157.60
3092.20
-2.32%-2.07%Liabilities (Non-current)
$10370.90
10235.60
10716.80
11681.70
11390.50
11796.30
16789.70
15656.40
14965.70
13802.90
12282.20
13216.00
11297.80
14107.30
2.23%24.87%Liabilities (Total)
$14214.10
15529.50
16140.30
16571.80
16405.20
17127.10
24131.60
22743.50
22457.20
22068.70
20302.10
20751.70
20716.10
21169.20
3.50%2.19%Treasury Stock
$3177.00
3687.20
5219.40
6055.60
6326.60
7762.90
7167.50
6779.00
6433.30
6611.20
7278.10
8410.00
-8220.10
9968.40
9.25%221.27%Retained Earnings
$9958.50
10702.60
11787.20
11990.80
12616.50
13138.90
14459.60
14996.70
15982.10
17069.80
18532.60
19838.60
19226.50
20416.70
6.47%6.19%AOCI
$-1743.70
-1585.30
-1340.30
-2310.70
-2612.20
-2244.50
-2429.00
-2625.40
-2914.40
-2429.20
-1970.50
-2276.90
-2038.50
-2297.30
-12.70%Shareholder's Equity
$6882.70
7128.50
7005.40
5392.70
5307.10
4685.50
6492.40
7367.70
8349.50
9773.20
10788.00
10700.00
10483.70
9691.30
4.09%-7.56%Liabilities & Equity
$21096.80
22658.00
23145.70
21964.50
21712.30
21812.60
30624.00
30111.20
30806.70
31841.90
31090.10
31451.70
31199.80
30860.50
3.70%-1.09%Net Income/Loss
$
1736.80
1701.10
2163.00
1786.20
2210.80
2346.00
2735.00
2609.60
1989.50
1958.90
-1.54%Depreciation & Amortization
$541.50
588.00
585.40
588.30
608.10
603.60
618.80
620.10
594.70
601.30
570.30
546.60
411.00
412.20
0.09%0.29%Increase/Decrease in Working Capital
$-243.80
-471.10
32.20
-214.70
-258.20
232.00
-542.10
7.50
-793.90
155.90
-277.40
48.90
21.30
9.60
-54.93%Share-based Compensation
$-36.10
8.40
182.90
148.20
160.10
86.00
77.00
84.90
94.90
89.90
98.70
111.70
86.70
76.70
-11.53%Adjustments to Reconcile Net Income
$1056.70
1504.60
647.50
1498.10
893.00
612.20
678.00
1013.30
1465.40
637.20
581.10
169.00
37.50
489.60
-15.35%1205.60%Net Cash (Operating)
$2402.00
2926.00
2541.00
2542.80
2629.80
2313.30
2841.00
2807.00
3676.20
2983.20
3316.10
2778.60
2027.00
2438.90
1.33%20.32%Capital Expenditure
$1746.00
1528.10
590.20
1626.10
-19.60
662.70
8657.10
496.90
459.10
525.20
1692.60
306.60
-31.10
510.90
-14.63%1742.77%Net Cash (Investing)
$-1870.80
-1515.40
-561.80
-1602.20
93.40
-646.90
-8685.40
-556.50
-486.20
-512.80
-1690.70
-346.40
-6.10
-507.60
-8221.31%Increase/Decrease in Debt
$168.30
414.30
801.10
597.60
-781.70
1034.50
6277.40
-1221.00
-917.20
-960.80
-385.80
133.40
1261.00
754.50
-2.09%-40.17%Increase/Decrease in Equity
$-313.00
-1044.90
-1745.30
-1161.90
-606.70
-1651.50
467.60
240.30
260.00
-227.10
-715.10
-1171.30
-984.30
-1590.50
-61.59%Dividends Paid
$800.10
867.60
983.30
1017.70
1071.70
1135.10
1139.70
1181.70
1195.80
1246.40
1244.50
1287.90
967.40
1028.00
4.42%6.26%Net Cash (Financing)
$-661.40
-1140.20
-1824.10
-1384.80
-2285.60
-1645.50
5445.50
-2176.40
-1941.50
-2715.50
-2503.20
-2404.10
-1955.60
-1927.60
1.43%Effect of Exchange Rate
$-18.20
-0.20
-29.20
-88.90
-8.10
-18.50
31.80
-23.10
-20.70
72.50
-58.00
-12.00
-16.00
-0.60
96.25%Increase/Decrease in Cash
$-148.40
270.20
125.90
-533.10
429.50
2.40
-367.10
51.00
1227.80
-172.60
-935.80
16.10
49.30
3.10
-93.71%Cash (Beginning)
$
766.10
399.00
450.00
1677.80
1505.20
569.40
569.40
585.50
2.83%Cash (Ending)
$
399.00
450.00
1677.80
1505.20
569.40
585.50
618.70
588.60
-4.87%NOPAT
$1739.84
2017.94
1973.49
1385.46
1856.75
1826.07
2441.97
2071.45
2408.04
2452.42
2840.87
2764.42
2102.41
2135.35
4.30%1.57%Gross Margin %
36.29%
36.14%
35.57%
33.74%
35.20%
35.62%
34.48%
34.13%
34.78%
35.57%
33.71%
32.58%
31.98%
34.63%
Operating Margin %
15.38%
16.04%
16.51%
11.78%
16.35%
16.43%
15.94%
14.92%
16.76%
17.35%
18.30%
17.09%
17.36%
17.52%
NOPAT Margin %
10.44%
11.35%
11.02%
7.86%
11.21%
11.69%
15.51%
12.28%
13.66%
13.53%
14.96%
13.76%
13.96%
14.10%
Net Margin %
9.41%
10.44%
10.19%
6.93%
10.25%
10.61%
13.54%
10.39%
12.37%
12.91%
14.25%
12.91%
13.14%
12.81%
Tax Rate %
32.10%
29.24%
33.27%
33.30%
31.42%
28.85%
2.68%
17.67%
18.48%
22.02%
18.27%
19.49%
19.62%
19.50%
ROA
8.25%
8.91%
8.53%
6.31%
8.55%
8.37%
7.97%
6.88%
7.82%
7.70%
9.14%
8.79%
6.74%
6.92%
ROE
25.28%
28.31%
28.17%
25.69%
34.99%
38.97%
37.61%
28.12%
28.84%
25.09%
26.33%
25.84%
20.05%
22.03%
ROIC
10.52%
11.52%
11.21%
7.99%
10.91%
10.76%
9.32%
8.09%
9.39%
9.42%
11.39%
10.93%
8.41%
8.51%
Asset Turnover
0.79
0.78
0.77
0.80
0.76
0.72
0.51
0.56
0.57
0.57
0.61
0.64
0.48
0.49
Inventory Turnover
7.18
7.34
7.40
7.58
7.59
6.78
6.28
7.12
8.06
6.42
6.74
6.24
4.92
5.42
Equity Multiplier
3.07
3.18
3.30
4.07
4.09
4.66
4.72
4.09
3.69
3.26
2.88
2.94
2.98
3.18
Current Ratio
0.96
0.81
0.81
0.77
0.79
0.76
0.56
0.59
0.68
0.70
0.63
0.69
0.54
0.66
Quick Ratio
0.34
0.27
0.27
0.28
0.27
0.27
0.28
0.30
0.44
0.38
0.28
0.30
0.25
0.33
Debt/Equity Ratio
1.08
1.12
1.25
1.71
1.59
2.02
2.44
1.97
1.62
1.29
1.08
1.09
1.11
1.29
Working Capital/Sales
0.04
0.04
0.06
0.07
0.01
0.01
0.01
0.00
Dividend Payout Ratio %
45.99%
42.99%
49.83%
73.46%
57.72%
62.16%
46.67%
57.05%
49.66%
50.82%
43.81%
46.59%
46.01%
48.14%
Total Payout
$944.80
1498.20
1927.50
1582.00
2460.10
1752.10
-5605.30
2162.40
1853.00
2434.30
2345.40
2325.80
690.70
1864.00
8.53%169.87%Payout Ratio %
54.30%
74.24%
97.67%
114.19%
132.50%
95.95%
-229.54%
104.39%
76.95%
99.26%
82.56%
84.13%
32.85%
87.29%