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Last update at 2025-03-26T16:56:00Z
Was Jim Cramer Right About General Mills (GIS)?
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Thu 20 Mar 25, 04:15 PMGeneral Mills Inc (GIS) Q3 2025 Earnings Call Highlights: Strategic Innovations and Market ...
Thu 20 Mar 25, 07:02 AMQ3 2025 General Mills Inc Earnings Call
Thu 20 Mar 25, 04:38 AMGeneral Mills' Nightmare Quarter: Sales Tank, Profit Forecast Slashed--Is the Worst Yet to Come?
Wed 19 Mar 25, 05:42 PMGeneral Mills stock drops as a slowdown in snacking drives a lower outlook
Wed 19 Mar 25, 04:51 PMBreakdown | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
Income before tax | 3140.50M | 3209.60M | 2857.40M | 2600.20M | 2082.00M |
Minority interest | 15.70M | -27.70000M | 907.70M | 29.60M | 33.50M |
Net income | 2593.90M | 2707.30M | 2339.80M | 2181.20M | 1752.70M |
Selling general administrative | 3500.40M | 3147.00M | 3079.60M | 3151.60M | 2918.90M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 6545.80M | 6402.20M | 6448.30M | 6129.90M | 5756.80M |
Reconciled depreciation | 546.60M | 570.30M | 601.30M | 594.70M | 620.10M |
Ebit | 2657.00M | 3475.80M | 3144.80M | 2953.90M | 3126.10M |
Ebitda | 3203.60M | 3604.90M | 4193.90M | 3597.40M | 3746.20M |
Depreciation and amortization | 546.60M | 129.10M | 1049.10M | 643.50M | 620.10M |
Non operating income net other | 81.30M | - | 117.70M | 91.10M | 72.00M |
Operating income | 2657.00M | 3475.80M | 3144.80M | 2953.90M | 2515.90M |
Other operating expenses | 17048.80M | 15737.60M | 14758.30M | 14648.30M | 14044.20M |
Interest expense | 396.10M | 383.40M | 427.70M | 472.50M | 527.40M |
Tax provision | 612.20M | 586.30M | 629.10M | 480.50M | 367.80M |
Interest income | 14.00M | 3.80M | 7.40M | 6.00M | 5.60M |
Net interest income | -382.10000M | -379.60000M | -420.30000M | -466.50000M | -521.80000M |
Extraordinary items | - | - | - | - | 7.20M |
Non recurring | 56.20M | - | 170.40M | 24.40M | 275.10M |
Other items | - | - | - | - | - |
Income tax expense | 612.20M | 586.30M | 629.10M | 480.50M | 367.80M |
Total revenue | 20094.20M | 18992.80M | 18127.00M | 17626.60M | 16865.20M |
Total operating expenses | 3500.40M | 3147.00M | 3079.60M | 3151.60M | 2935.80M |
Cost of revenue | 13548.40M | 12590.60M | 11678.70M | 11496.70M | 11108.40M |
Total other income expense net | 483.50M | -266.20000M | -287.40000M | -353.70000M | -217.20000M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 2528.30M | 2735.00M | 2346.00M | 2119.70M | 1714.20M |
Net income applicable to common shares | 2593.90M | 2707.30M | 2339.80M | 2181.20M | 1752.70M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
Total assets | 31451.70M | 31090.10M | 31841.90M | 30806.70M | 30111.20M |
Intangible assets | 6967.60M | 6999.90M | 7150.60M | 7095.80M | 7166.80M |
Earning assets | - | - | - | - | - |
Other current assets | 735.70M | 802.10M | 790.30M | 402.10M | 497.50M |
Total liab | 20751.70M | 20302.10M | 21463.80M | 21912.60M | 22191.80M |
Total stockholder equity | 10449.60M | 10542.40M | 9470.40M | 8058.50M | 7054.50M |
Deferred long term liab | 2110.90M | - | 2118.40M | 1947.10M | 2031.00M |
Other current liab | 1600.70M | -666.30000M | 1787.20M | 1633.30M | 1367.80M |
Common stock | 75.50M | 75.50M | 75.50M | 75.50M | 75.50M |
Capital stock | 75.50M | 75.50M | 75.50M | 75.50M | 75.50M |
Retained earnings | 19838.60M | 18532.60M | 17069.80M | 15982.10M | 14996.70M |
Other liab | 3250.90M | 3147.40M | 3127.90M | 3215.10M | 3479.90M |
Good will | 14511.20M | 14378.50M | 14062.40M | 13923.20M | 13995.80M |
Other assets | 358.30M | 1228.10M | 322.60M | 153.90M | 522.00M |
Cash | 585.50M | 569.40M | 1505.20M | 1677.80M | 450.00M |
Cash and equivalents | 585.50M | 569.40M | 1505.20M | 1677.80M | 450.00M |
Total current liabilities | 7535.70M | 8019.90M | 8265.80M | 7491.50M | 7087.10M |
Current deferred revenue | - | 2218.30M | - | - | 2031.00M |
Net debt | 11120.40M | 11051.00M | 11106.80M | 11861.70M | 14040.00M |
Short term debt | 1740.80M | 2485.60M | 2825.10M | 2610.50M | 2865.20M |
Short long term debt | 1740.80M | 2485.60M | 2825.10M | 2610.50M | 2865.20M |
Short long term debt total | 11705.90M | 11620.40M | 12612.00M | 13539.50M | 14490.00M |
Other stockholder equity | -7187.60000M | -6095.20000M | -5245.70000M | -5084.70000M | -5392.30000M |
Property plant equipment | 3636.20M | 3393.80M | 3985.40M | 3580.60M | 3787.20M |
Total current assets | 5176.40M | 5089.80M | 5754.50M | 5121.30M | 4186.50M |
Long term investments | 462.00M | 513.80M | 566.40M | 566.70M | 452.90M |
Net tangible assets | -11029.20000M | -10836.00000M | -11742.60000M | -12415.90000M | -13556.40000M |
Short term investments | 117.20M | 249.80M | 360.00M | - | - |
Net receivables | 1683.20M | 1692.10M | 1638.50M | 1615.10M | 1679.70M |
Long term debt | 9965.10M | 9134.80M | 9786.90M | 10929.00M | 11624.80M |
Inventory | 2172.00M | 1867.30M | 1820.50M | 1426.30M | 1559.30M |
Accounts payable | 4194.20M | 3982.30M | 3653.50M | 3247.70M | 2854.10M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | 250.40M | - | 302.80M | 291.00M | 313.20M |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -2276.90000M | -1970.50000M | -2429.20000M | -2914.40000M | -2625.40000M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | 75.50M | - | 75.50M | 75.50M | 75.50M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | 19838.60M | - | 17069.80M | 15982.10M | 14996.70M |
Treasury stock | -8410.00000M | - | -6611.20000M | -6433.30000M | -6779.00000M |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 1160.30M | 714.30M | 1267.60M | 1085.80M | -1509.00000M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 26275.30M | 26000.30M | 26087.40M | 25685.40M | 25924.70M |
Capital lease obligations | 358.90M | 355.00M | 394.40M | 379.00M | - |
Long term debt total | 9965.10M | 9134.80M | 9786.90M | 10929.00M | 11624.80M |
Breakdown | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 |
Investments | -346.40000M | 15.40M | 15.50M | -486.20000M | -556.50000M |
Change to liabilities | 199.80M | 456.70M | 343.10M | 392.50M | 162.40M |
Total cashflows from investing activities | -346.40000M | -1690.70000M | -512.80000M | -486.20000M | -556.50000M |
Net borrowings | 133.40M | -385.80000M | -960.80000M | -917.20000M | -1221.00000M |
Total cash from financing activities | -2404.10000M | -2503.20000M | -2715.50000M | -1941.50000M | -2176.40000M |
Change to operating activities | 111.50M | 72.80M | -172.20000M | 260.40M | -180.90000M |
Net income | 2609.60M | 2735.00M | 2346.00M | 2210.80M | 1786.20M |
Change in cash | 16.10M | -935.80000M | -172.60000M | 1227.80M | 51.00M |
Begin period cash flow | 569.40M | 1505.20M | 1677.80M | 450.00M | 399.00M |
End period cash flow | 585.50M | 569.40M | 1505.20M | 1677.80M | 450.00M |
Total cash from operating activities | 2778.60M | 3316.10M | 2983.20M | 3676.20M | 2807.00M |
Issuance of capital stock | - | - | - | 0.00000M | 0.00000M |
Depreciation | 546.60M | 570.30M | 601.30M | 594.70M | 620.10M |
Other cashflows from investing activities | 343.10M | -13.50000M | -3.10000M | -25.40000M | -18.90000M |
Dividends paid | -1287.90000M | -1244.50000M | -1246.40000M | -1195.80000M | 1181.70M |
Change to inventory | -319.00000M | -85.80000M | -354.70000M | 103.10M | 53.70M |
Change to account receivables | -41.20000M | -166.30000M | 27.90M | 37.90M | -42.70000M |
Sale purchase of stock | -1403.60000M | -876.80000M | -301.40000M | -3.40000M | -1.10000M |
Other cashflows from financing activities | -78.30000M | 2759.00M | -281.20000M | -88.50000M | 258.80M |
Change to netincome | -328.70000M | -238.90000M | 198.00M | 76.80M | 408.20M |
Capital expenditures | 689.50M | 568.70M | 530.80M | 460.80M | 537.60M |
Change receivables | - | - | - | - | - |
Cash flows other operating | -48.90000M | - | -155.90000M | 793.90M | -7.50000M |
Exchange rate changes | - | - | 72.50M | -20.70000M | -23.10000M |
Cash and cash equivalents changes | 28.10M | - | -172.60000M | 1227.80M | 51.00M |
Change in working capital | -48.90000M | 277.40M | -155.90000M | 793.90M | -7.50000M |
Stock based compensation | 111.70M | 98.70M | 89.90M | 94.90M | 84.90M |
Other non cash items | -418.20000M | -427.50000M | -16.90000M | 11.50M | 229.80M |
Free cash flow | 2089.10M | 2747.40M | 2452.40M | 3215.40M | 2269.40M |
Sector: Consumer Defensive Industry: Packaged Foods
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
GIS General Mills Inc |
0.98 1.70% | 58.77 | 16.27 | 14.88 | 1.91 | 3.76 | 2.48 | 11.55 |
NSRGF Nestle SA |
- -% | 101.78 | 26.86 | 18.76 | 3.13 | 7.10 | 3.81 | 21.70 |
NSRGY Nestle SA ADR |
0.07 0.07% | 100.63 | 26.82 | 18.66 | 3.18 | 7.07 | 3.81 | 21.70 |
KHC Kraft Heinz Co |
0.48 1.67% | 29.59 | 15.59 | 11.79 | 1.64 | 0.88 | 2.34 | 11.32 |
DANOY Danone PK |
-0.18 1.17% | 15.16 | 28.42 | 16.39 | 1.44 | 2.23 | 1.85 | 12.41 |
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Muir Glen, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Top Chews Naturals, Totino's, Trix, True Chews, Wanchai Ferry, Wheaties, Wilderness, Yoki, Reese's Puffs, Green Giant, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. In addition, the company operates ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.
Number One General Mills Boulevard, Minneapolis, MN, United States, 55426
Name | Title | Year Born |
---|---|---|
Mr. Jeffrey L. Harmening | Chairman & CEO | 1967 |
Mr. Kofi A. Bruce | Chief Financial Officer | 1971 |
Mr. Jonathon J. Nudi | Group Pres of North America Retail | 1970 |
Mr. Jaime Montemayor | Chief Digital & Technology Officer | 1965 |
Ms. Marie C. Pillai | Chief Investment Officer, VP & Treasurer | NA |
Mr. Mark A. Pallot | VP & Chief Accounting Officer | 1974 |
Jeff Siemon | VP of Investor Relations | NA |
Ms. Karen Wilson Thissen | Gen. Counsel & Corp. Sec. | 1967 |
Mr. Jano Cabrera | Chief Communications Officer | 1975 |
Mr. Ivan Pollard | Global Chief Marketing Officer | 1963 |
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