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General Mills Inc   (GIS)
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GIS's Operating Income Growth by Quarter and Year

General Mills Inc 's Operating Income results by quarter and year




GIS Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter May - 818.20 1,016.10 547.90
III Quarter February - 730.20 815.30 826.60
II Quarter November - 799.80 800.10 916.60
I Quarter August 930.00 1,085.60 844.30 853.70
FY   930.00 3,433.80 3,475.80 3,144.80



GIS Operating Income first quarter 2024 Y/Y Growth Comment
General Mills Inc reported fall in Operating Income in the first quarter 2024 by -14.33% to $ 930.00 millions, from the same quarter in 2023.
The decline in the first quarter 2024 General Mills Inc 's Operating Income compares unfavorably to the Company's average Operating Income growth of 3.88%.

According to the results reported in the first quarter 2024, General Mills Inc achieved the best Operating Income growth in Food Processing industry. While General Mills Inc ' s Operating Income decrease of -14.33% ranks overall at the positon no. 1 in the first quarter 2024.

Explain Operating Income growth


GIS Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter May - -19.48 % 85.45 % -33.95 %
III Quarter February - -10.44 % -1.37 % 27.01 %
II Quarter November - -0.04 % -12.71 % 12.99 %
I Quarter August -14.33 % 28.58 % -1.1 % 28.88 %
FY   - -1.21 % 10.53 % 6.46 %

Financial Statements
General Mills Inc 's first quarter 2024 Operating Income $ 930.00 millions GIS's Income Statement
General Mills Inc 's first quarter 2023 Operating Income $ 1,085.60 millions Quarterly GIS's Income Statement
New: More GIS's historic Operating Income Growth >>


GIS Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter May - 12.05 % 24.63 % -33.72 %
III Quarter February - -8.7 % 1.9 % -9.82 %
II Quarter November - -26.33 % -5.24 % 7.37 %
I Quarter August 13.66 % 6.84 % 54.1 % 2.92 %
FY (Year on Year)   - -1.21 % 10.53 % 6.46 %




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Food Processing Industry #0
Consumer Non Cyclical Sector #0
Overall #1

Operating Income Y/Y Growth Statistics
High Average Low
45.67 % 3.88 % -29.76 %
(Feb. 23, 2010)   (June 30. 2015)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Food Processing Industry #0
Consumer Non Cyclical Sector #0
Overall #1
Operating Income Y/Y Growth Statistics
High Average Low
45.67 % 3.88 % -29.76 %
(Feb. 23, 2010)   (June 30. 2015)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

General Mills Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
81.02 % 4.07 % -51.8 %
(Nov. 23, 2004)  


GIS's I. Quarter Q/Q Operating Income Comment
General Mills Inc achieved in the I. Quarter 2024 above company average sequential Operating Income rise of 13.66%, to $ 930.00 millions, from $818.20 millions in the fourth quarter.
GIS is going from strength to strength, not just claiming above regular gain, and also improving pace, Madeline C. Thomas, a business researcher added.

Within Food Processing industry 2 other companies have achieved higher Operating Income quarter on quarter growth. While General Mills Inc 's Operating Income growth quarter on quarter, overall rank is 14.


Operating Income Q/Q Growth Company Ranking
Within: No.
Food Processing Industry #3
Consumer Non Cyclical Sector #5
Overall #14
Operating Income Q/Q Growth Company Ranking
Within: No.
Food Processing Industry #3
Consumer Non Cyclical Sector #5
Overall #14
Operating Income Q/Q Growth Statistics
High Average Low
81.02 % 4.07 % -51.8 %
(Nov. 23, 2004)  


GIS's I. Quarter Q/Q Operating Income Comment
General Mills Inc achieved in the I. Quarter 2024 above company average sequential Operating Income rise of 13.66%, to $ 930.00 millions, from $818.20 millions in the fourth quarter.
General Mills Inc is undergoing a remarkable growth, not just recording higher then regular increase, and additionally increasing pace.

Within Food Processing industry 2 other companies have achieved higher Operating Income quarter on quarter growth. While General Mills Inc 's Operating Income growth quarter on quarter, overall rank is 14.


General Mills Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Aug 27 2023)
12 Months Ending
(May 28 2023)
12 Months Ending
(Feb 26 2023)
12 Months Ending
(Nov 27 2022)
12 Months Ending
(Aug 28 2022)
Cumulative Operating Income 12 Months Ending $ 3,278.20 $ 3,433.80 $ 3,631.70 $ 3,716.80 $ 3,717.10
Y / Y Operating Income Growth (TTM) -11.81 % -1.21 % 20.75 % 23.12 % 18.55 %
Year on Year Operating Income Growth Overall Ranking # 1 # 11 # 269 # 1170 # 3
Seqeuential Operating Income Change (TTM) -4.53 % -5.45 % -2.29 % -0.01 % 6.94 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1 # 828 # 223 # 1109 # 2




Cumulative Operating Income growth Comment
General Mills Inc 's cumulative 12 months Operating Income continue to fall, but on the faster rate at -11.81% year on year, at Aug 27 2023 compare to the -1.21% decrease at May 28 2023. If the General Mills Inc 's fiscal year would end at Aug 27 2023, annual Operating Income would be $3,278 millions.

General Mills Inc achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 1, from total ranking in previous quarter at 11.

Operating Income TTM Q/Q Growth Statistics
High Average Low
45.67 %
3.88 %
-29.76 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Food Processing Industry # 0
Consumer Non Cyclical Sector # 0
Overall # 1

Operating Income TTM Y/Y Growth Statistics
High Average Low
45.67 %
3.88 %
-29.76 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 0
S&P 500 # 1
Cumulative Operating Income growth Comment
General Mills Inc 's cumulative 12 months Operating Income continue to fall, but on the faster rate at -11.81% year on year, at Aug 27 2023 compare to the -1.21% decrease at May 28 2023. If the General Mills Inc 's fiscal year would end at Aug 27 2023, annual Operating Income would be $3,278 millions.

General Mills Inc achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 1, from total ranking in previous quarter at 11.

Operating Income TTM Q/Q Growth Statistics
High Average Low
45.67 %
3.88 %
-29.76 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Food Processing Industry # 0
Consumer Non Cyclical Sector # 0
Overall # 1

Operating Income TTM Y/Y Growth Statistics
High Average Low
45.67 %
3.88 %
-29.76 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 0
S&P 500 # 1




Other Operating Income Growth
Food Processing Industry Operating Income Growth Trends and Statistics
Consumer Non Cyclical Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
GIS's Operating Income Growth Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for GIS's Competitors
Operating Income Growth for General Mills Inc 's Suppliers
Operating Income Growth for GIS's Customers

You may also want to know
GIS's Annual Growth Rates GIS's Profitability Ratios GIS's Asset Turnover Ratio GIS's Dividend Growth
GIS's Roe GIS's Valuation Ratios GIS's Financial Strength Ratios GIS's Dividend Payout Ratio
GIS's Roa GIS's Inventory Turnover Ratio GIS's Growth Rates GIS's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Aug 27 2023 within Consumer Non Cyclical SectorY/Y Change %Operating Income for the quarter ending Aug 27 2023
General Mills Inc -14.33%$ -14.333 millions
Ennis Inc -14.88%$ -14.881 millions
Chs Inc -59.93%$ -59.933 millions
Educational Development Corporation-72.72%$ -72.718 millions




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