General Mills (GIS) Revenue — Quarter Ended May 26, 2024
General Mills reported a decrease in revenue for the quarter. The decline was evident both sequentially and compared to the same period last year.
Key takeaway
Quarter ended May 26, 2024 · FY2024 FY
General Mills reported a decrease in revenue for the quarter. The decline was evident both sequentially and compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
-7.6%
Change from the immediately preceding quarter.
Year-over-year
-6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.9B
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 27, 2023 | $4.9B | +4.0% |
| Nov 26, 2023 | $5.1B | -1.6% |
| Feb 25, 2024 | $5.1B | -0.5% |
| May 26, 2024 | $4.7B | -6.3% |
Revenue performance
Revenue declined during the quarter, reflecting weaker performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. The year-over-year comparison also showed a decline.
What to watch
Monitor how the company’s operating cash flow supports its capital allocation priorities.