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General Mills GIS Q4 2024 Annual earnings

Reported June 26, 2024 · Before market open

Revenue estimate$4.9B
EPS estimate$0.99

Next report

Sep 23, 2026 (in 2 months)
Revenue estimate$4.3B
EPS estimate$0.74

Financials

Q4 2024

Income statement

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Revenue$4.7B-6.3%
Gross profit$1.7B-2.3%
Operating income$779.2M-4.8%
Net income$557.5M-9.3%
EPS (diluted)$0.98-4.9%

Balance sheet

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Cash & equivalents$418.0M-28.6%
Total debt$13.3B+10.4%
Total equity$9.4B-10.1%
Total assets$31.5B+0.1%

Cash flow

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Operating cash flow$863.7M+14.9%
CapEx$288.5M-14.7%
Free cash flow$575.2M+39.1%

Valuation & ratios

Valuation

as of 05/26/24
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Market cap$38.81B-21.5%
Enterprise value$51.71B-15.1%
P/E15.5×-3.5×
P/S-0.5×

Profitability

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Gross margin34.9%+2.3pp
Operating margin17.3%+0.2pp
Net margin12.6%-0.3pp
FCF margin12.7%+2.3pp

Returns & leverage

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Return on equity25.2%+0.4pp
Debt / equity1.4×+0.3×
Current ratio0.7×0.0×

Segments

By product

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Snacks$1.1B-7.9%
Cereal$749.3M-4.2%
Convenient meals$615.7M-9.5%
Pet$595.7M-9.1%
Dough$508.5M-5.0%

By segment

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North America Retail$2.9B-6.9%
International$667.5M-10.4%
North America Foodservice$589.0M+4.4%

Versus estimates

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Questions, answered.

When did General Mills report Q4 2024 earnings?
General Mills (GIS) reported Q4 2024 earnings on June 26, 2024 before market open.
What were General Mills's Q4 2024 revenue and EPS?
General Mills reported revenue of $4.7B and diluted EPS of $1.01 for Q4 2024.
Did General Mills beat estimates in Q4 2024?
Revenue missed the consensus estimate of $4.9B by $139.5M. EPS beat the consensus estimate of $0.99 by $0.02.
Where can I find General Mills's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001193125-24-168943) directly on SEC EDGAR. The filing index links above go to sec.gov.