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General Mills Inc   (GIS)
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General Mills Inc

GIS's Financial Statements and Analysis



General Mills Inc reported in the second quarter of 2024 net earnings per share of $1.02 an increase by 0.99 % year on year from $1.01 and decline of -10.53 % from $1.14 earned in I. Quarter (Aug 27 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 1.02 $  5,139 Mill
$+0.01     +0.99 % $-81M     -1.56 %



General Mills Inc 's Revenue fell by -1.56 % in second quarter of 2024 (Nov 26 2023) year on year, to $5,139 million and advanced by 4.79 % sequentially.


General Mills Inc is Expected to report next financial results on March 20, 2024.

More on GIS's Income Statement



General Mills Inc 's net income of $602.300 million in the second quarter of 2024 decreased by -0.99 % from net earnings of $608.300 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -11.47 % from net income of $680.300 million realized in previous quarter.

More on GIS's Growth



General Mills Inc Inventories
Inventories grew by 2.11 % to $2,166 million from II. Quarter a year ago, sequentially inventories fell by -2.82 %. GIS's Cash flow In the second quarter of 2024 company's net cash flow was $103 million, capital expenditures fell by -135.812.08%, to $-152 millions compare to same quarter a year ago

More on GIS's Cash flow Statement


General Mills Inc payed out dividend of $3.87 per share in last 52 weeks representing 94.16 % of net earning per share in trailing twelve-month period.

During the same period General Mills Inc earned $ 5.26 cash per share, on a free-cash flow basis 128.1 % of net earning per share.

Book value fell by -7.31 % sequentially to $16.50 per share.
Tangible Book value fell to $ -20.17 per share from $ -18.57.

Company repurchased 6.97 million shares or 1.18 % in Nov 26 2023.
Interest Coverage Ratio was 7.71. Debt Coverage Ratio was 0.28.

More on GIS's Dividends

 Market Capitalization (Millions) 39,548
 Shares Outstanding (Millions) 584
 Total Debt (Millions $) 12,651
 Revenue (TTM) (Millions $) 20,200
 Net Income (TTM) (Millions $) 2,461
 Cash Flow (TTM) (Millions $) -50
 Capital Exp. (TTM) (Millions $) -757
 Dividend TTM ($) 3.87 $
 Dividend Yield TTM (%) 3.47 %
 Employees (TTM) $ 32,500




General Mills Inc payed out dividend of $3.87 per share in the last 52 weeks representing 94.16 % of net earning per share in trailing twelve-month period.

During the same period General Mills Inc had $ 5.26 cash flow per share, on a free-cash flow basis 128.1 % of net earning per share.

Book value fell by -7.31 % sequentially to $16.50 per share.
Tangible Book value fell to $ -20.17 per share from $ -18.57.

Company repurchased 6.97 million shares or 1.18 % in Nov 26 2023.
Interest Coverage Ratio was 7.71. Debt Coverage Ratio was 0.28.

More on GIS's Balance Sheets

 Market Capitalization (Millions) 39,548
 Shares Outstanding (Millions) 584
 Total Debt (Millions $) 12,651
 Revenue (TTM) (Millions $) 20,200
 Net Income (TTM) (Millions $) 2,461
 Cash Flow (TTM) (Millions $) -50
 Capital Exp. (TTM) (Millions $) -757
 Dividend TTM ($) 3.87 $
 Dividend Yield TTM (%) 3.47 %
 Employees (TTM) $ 32,500
   


  News about General Mills Inc Earnings

General Mills Inc. Defies Revenue Decline, Boosts Earnings Per Share by 0.99% in Fiscal Q2 of 2024

As an analyst for the , I have been carefully analyzing the recent financial results of General Mills Inc. In the fiscal second quarter of 2024, the company's revenue experienced a slight decline. However, despite this decrease, General Mills managed to raise its earnings per share, which is a positive sign for investors.
In terms of income, General Mills saw modest growth of 0.99% to $1.02 per share. This is a positive result considering the decline in revenue, which slipped by -1.557% to $5.14 billion compared to the previous year. It is worth noting that in the previous reporting period, General Mills experienced a surge in revenue by 4.785% to $4.90 billion, showcasing the company's ability to perfor...

General Mills Inc. Smashes Expectations, Achieving Staggering 3.966% Revenue Surge in August 2023!

General ...

Despite Soaring Revenues, General Mills Inc. Faces Unexpected Earnings Dip in Q4 2023

General Mills Inc., a well-known food processing company, recently released its financial report for the fourth quarter of 2023, which showed a mixed performance. Despite a minor increase in revenue of 2.838%, the company experienced a 23.33% decline in income compared to the corresponding period a year earlier. While revenue was recorded at $5.03 billion and earnings per share (EPS) at $1.04, there was a significant decrease in EPS when compared to the prior financial reporting period.
The prior year's EPS was $0.92 per share, indicating a growth of 12.73% in the fourth quarter of 2023. On the other hand, revenue decreased by around 1.871% from $5.13 billion, highlighting a challenging period for Genera...


Date modified: 2023-12-21T15:24:03+00:00





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