General Mills (GIS) Revenue — Quarter Ended Feb 26, 2023
Revenue for this reporting period decreased from the prior three-month period but rose compared to the same three-month period one year earlier. The trailing twelve-month revenue also remained at an elevated level relative to the prior year.
Key takeaway
Quarter ended Feb 26, 2023 · FY2023 Q3
Revenue for this reporting period decreased from the prior three-month period but rose compared to the same three-month period one year earlier. The trailing twelve-month revenue also remained at an elevated level relative to the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
-1.8%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$20B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 29, 2022 | $4.9B | +8.1% |
| Aug 28, 2022 | $4.7B | +3.9% |
| Nov 27, 2022 | $5.2B | +3.9% |
| Feb 26, 2023 | $5.1B | +13.0% |
Revenue performance
The sequential decline represents a moderation from the previous period’s performance, while the year-over-year increase highlights continued expansion from a year ago.
Quarterly comparison
When compared with the immediately preceding three-month period, revenue was lower, but relative to the same three-month period last year, it was higher. This indicates a short-term pullback amid a longer-term uptrend.
What to watch
Watch to see if the sequential decline is a seasonal pattern or signals a change in momentum.