General Mills (GIS) Revenue — Quarter Ended May 28, 2023
Revenue decreased from the prior quarter but increased compared with the same quarter last year. The company's trailing twelve-month revenue remained substantial.
Key takeaway
Quarter ended May 28, 2023 · FY2023 FY
Revenue decreased from the prior quarter but increased compared with the same quarter last year. The company's trailing twelve-month revenue remained substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.9%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.1B
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 |
|---|---|---|
| Aug 28, 2022 | $4.7B | +3.9% |
| Nov 27, 2022 | $5.2B | +3.9% |
| Feb 26, 2023 | $5.1B | +13.0% |
| May 28, 2023 | $5B | +2.8% |
Revenue performance
The reported revenue declined relative to the immediately preceding quarter, reflecting a sequential slowdown. On a year-over-year basis, however, revenue showed improvement.
Quarterly comparison
Compared with the prior quarter, revenue was lower, reversing the trend of sequential growth seen earlier in the fiscal year. Versus the same period one year earlier, revenue was higher, maintaining a year-over-year increase.
What to watch
The sequential decline in revenue warrants attention to see if this marks a change in momentum.