General Mills (GIS) Revenue — Quarter Ended Aug 27, 2023
Revenue for the quarter decreased from the prior quarter but increased compared to the same quarter last year. The sequential decline was modest while the annual comparison was positive.
Key takeaway
Quarter ended Aug 27, 2023 · FY2024 Q1
Revenue for the quarter decreased from the prior quarter but increased compared to the same quarter last year. The sequential decline was modest while the annual comparison was positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
+4.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.3B
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 |
|---|---|---|
| Nov 27, 2022 | $5.2B | +3.9% |
| Feb 26, 2023 | $5.1B | +13.0% |
| May 28, 2023 | $5B | +2.8% |
| Aug 27, 2023 | $4.9B | +4.0% |
Revenue performance
The reported revenue direction was mixed, with a sequential decrease and an annual increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined. Versus the same quarter one year earlier, revenue rose.
What to watch
Monitor whether the sequential revenue decline continues in upcoming quarters.