General Mills, Inc. (GIS)

General Mills Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 25, 2025	May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021
Revenue	19,487	19,857	20,094	18,993	18,127
Revenue Growth (YoY)	-1.87%	-1.18%	5.80%	4.78%	2.84%
Cost of Revenue	12,744	12,906	13,541	12,587	11,676
Gross Profit	6,743	6,952	6,553	6,406	6,451
Selling, General & Admin	3,378	3,169	3,412	3,034	2,947
Operating Expenses	3,378	3,169	3,412	3,034	2,947
Operating Income	3,365	3,783	3,141	3,372	3,504
Interest Expense	-548.8	-498	-396.1	-383.4	-427.7
Interest & Investment Income	24.6	18.8	14	3.8	7.4
Earnings From Equity Investments	57.6	84.8	81.3	111.7	117.7
EBT Excluding Unusual Items	2,899	3,388	2,841	3,104	3,201
Merger & Restructuring Charges	-101.9	-55	-63.4	23.2	-172.7
Impairment of Goodwill	-	-117.1	-	-	-
Gain (Loss) on Sale of Assets	95.9	-	444.6	194.1	-53.5
Asset Writedown	-	-103.1	-	-	-
Pretax Income	2,893	3,113	3,222	3,321	2,975
Income Tax Expense	573.7	594.5	612.2	586.3	629.1
Earnings From Continuing Operations	2,319	2,519	2,610	2,735	2,346
Minority Interest in Earnings	-23.7	-22	-15.7	-27.7	-6.2
Net Income	2,295	2,497	2,594	2,707	2,340
Preferred Dividends & Other Adjustments	10.5	-	-	-	-
Net Income to Common	2,285	2,497	2,594	2,707	2,340
Net Income Growth	-8.07%	-3.75%	-4.19%	15.71%	7.27%
Shares Outstanding (Basic)	555	576	595	608	614
Shares Outstanding (Diluted)	558	580	601	613	619
Shares Change (YoY)	-3.80%	-3.61%	-1.86%	-1.05%	0.95%
EPS (Basic)	4.12	4.34	4.36	4.46	3.81
EPS (Diluted)	4.10	4.31	4.31	4.42	3.78
EPS Growth	-4.87%	-	-2.49%	16.93%	6.18%
Free Cash Flow	2,293	2,529	2,089	2,747	2,452
Free Cash Flow Per Share	4.11	4.36	3.48	4.49	3.96
Dividend Per Share	2.400	2.360	2.160	2.040	2.020
Dividend Growth	1.70%	9.26%	5.88%	0.99%	3.06%
Gross Margin	34.60%	35.01%	32.61%	33.73%	35.59%
Operating Margin	17.27%	19.05%	15.63%	17.75%	19.33%
Profit Margin	11.72%	12.57%	12.91%	14.25%	12.91%
Free Cash Flow Margin	11.77%	12.73%	10.40%	14.46%	13.53%
EBITDA	3,904	4,335	3,688	3,942	4,105
EBITDA Margin	20.04%	21.83%	18.35%	20.76%	22.65%
D&A For EBITDA	539	552.7	546.6	570.3	601.3
EBIT	3,365	3,783	3,141	3,372	3,504
EBIT Margin	17.27%	19.05%	15.63%	17.75%	19.33%
Effective Tax Rate	19.83%	19.10%	19.00%	17.65%	21.14%
Advertising Expenses	847.5	824.6	810	690.1	736.3

Updated Jun 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q