General Mills Q3 Sales Rise Slightly

Ticker: GIS · Form: 10-Q · Filed: 2024-03-20T00:00:00.000Z

Sentiment: neutral

Topics: earnings, financials, 10-Q

TL;DR

General Mills Q3 sales up slightly to $5.54B, debt and equity shifts noted.

AI Summary

General Mills Inc. filed its 10-Q for the period ending February 25, 2024. The company reported net sales of $5.54 billion for the third quarter of fiscal year 2024, a slight increase from the previous year. The filing also details various financial activities, including changes in long-term debt and equity.

Why It Matters

This filing provides insight into General Mills' recent financial performance, indicating stability in sales amidst broader economic conditions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a large, established company with no immediate red flags.

Key Numbers

$5.54B — Net Sales (Third quarter of fiscal year 2024)
0530 — Fiscal Year End (Company's fiscal year end date)
20240225 — Period End Date (Date the report covers)

Key Players & Entities

GENERAL MILLS INC (company) — Filer
0000040704 (company) — Central Index Key
$5.54 billion (dollar_amount) — Net Sales for Q3 FY24
February 25, 2024 (date) — Reporting Period End Date

FAQ

What were General Mills' net sales for the third quarter of fiscal year 2024?

General Mills reported net sales of $5.54 billion for the third quarter of fiscal year 2024.

What is the Central Index Key for General Mills Inc.?

The Central Index Key for General Mills Inc. is 0000040704.

When does General Mills' fiscal year end?

General Mills' fiscal year ends on 0530.

What is the reporting period end date for this 10-Q filing?

The reporting period end date for this 10-Q filing is February 25, 2024.

What is the filing date of this 10-Q?

This 10-Q filing was filed on March 20, 2024.

From the Filing

0001193125-24-072690.txt : 20240320 0001193125-24-072690.hdr.sgml : 20240320 20240320160729 ACCESSION NUMBER: 0001193125-24-072690 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20240225 FILED AS OF DATE: 20240320 DATE AS OF CHANGE: 20240320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC CENTRAL INDEX KEY: 0000040704 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 410274440 STATE OF INCORPORATION: DE FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-01185 FILM NUMBER: 24767832 BUSINESS ADDRESS: STREET 1: NUMBER ONE GENERAL MILLS BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55426 BUSINESS PHONE: (763) 764-7600 MAIL ADDRESS: STREET 1: P O BOX 1113 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 10-Q 1 d584889d10q.htm 10-Q 10-Q 1 1 0000040704 2024 Q3 false --05-26 754.6 0.10 - - 0.10 0.1 ☑ 0000040704 2023-11-27 2024-02-25 0000040704 2023-05-29 2024-02-25 0000040704 2022-05-30 2023-02-26 0000040704 2022-11-28 2023-02-26 0000040704 2024-02-25 0000040704 us-gaap:PensionPlansDefinedBenefitMember 2023-11-27 2024-02-25 0000040704 us-gaap:PensionPlansDefinedBenefitMember 2022-11-28 2023-02-26 0000040704 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2022-11-28 2023-02-26 0000040704 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2023-11-27 2024-02-25 0000040704 us-gaap:OperatingSegmentsMember 2023-11-27 2024-02-25 0000040704 us-gaap:CorporateNonSegmentMember 2023-11-27 2024-02-25 0000040704 us-gaap:CorporateNonSegmentMember 2022-11-28 2023-02-26 0000040704 us-gaap:NotesPayableToBanksMember 2023-05-28 0000040704 us-gaap:EmployeeStockOptionMember 2022-11-28 2023-02-26 0000040704 us-gaap:RestrictedStockUnitsRSUMember 2022-11-28 2023-02-26 0000040704 us-gaap:EmployeeStockOptionMember 2023-11-27 2024-02-25 0000040704 us-gaap:RestrictedStockUnitsRSUMember 2023-11-27 2024-02-25 0000040704 us-gaap:CommercialPaperMember 2023-05-28 0000040704 us-gaap:CommercialPaperMember 2024-02-25 0000040704 2022-05-29 0000040704 us-gaap:ParentMember 2023-11-27 2024-02-25 0000040704 us-gaap:NoncontrollingInterestMember 2023-11-27 2024-02-25 0000040704 us-gaap:NoncontrollingInterestMember 2023-05-29 2024-02-25 0000040704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-05-29 2024-02-25 0000040704 us-gaap:AdditionalPaidInCapitalMember 2023-05-29 2024-02-25 0000040704 us-gaap:NoncontrollingInterestMember 2023-02-26 0000040704 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-02-26 0000040704 us-gaap:RetainedEarningsMember 2023-02-26 0000040704 us-gaap:AdditionalPaidInCapitalMember 2023-02-26 0000040704 us-gaap:CommonStockMember 2023-02-26 0000040704 2023-02-26 0000040704 us-gaap:RetainedEarningsMember 2023-05-29 2024-02-25 0000040704 us-gaap:NotesPayableToBanksMember 2024-02-25 0000040704 gis:LongTermDebtAgreementsContainingRestrictiveCovenantsMember 2023-05-29 2024-02-25 0000040704 us-gaap:OperatingSegmentsMember 2022-11-28 2023-02-26 0000040704 2024-03-13 0000040704 us-gaap:CommonStockMember 2023-05-29 2024-02-25 0000040704 gis:ZeroPointFourFiveZeroPercentNotesDue2026Member 2023-05-29 2024-02-25 0000040704 gis:OnePointFiveZeroZeroPercentNotesDue2027Member 2023-05-29 2024-02-25 0000040704 2023-05-28 0000040704 gis:NorthAmericaRetailSegmentMember 2023-05-28 0000040704 gis:PetSegmentMember 2023-05-28 0000040704 gis:CorporateAndJointVenturesMember 2023-05-28 0000040704 gis:NorthAmericaRetailSegmentMember 2024-02-25 0000040704 gis:PetSegmentMember 2024-02-25 0000040704 gis:CorporateAndJointVenturesMember 2024-02-25 0000040704 gis:LineOfCreditExpiringApril2026Member 2024-02-25 0000040704 gis:UncommittedCreditFacilityMember 2024-02-25 0000040704 gis:PetSegmentMember us-gaap:OperatingSegmentsMember 2023-11-27 2024-02-25 0000040704 gis:NorthAmericaRetailSegmentMember us-gaap:OperatingSegmentsMember 2023-11-27 2024-02-25 0000040704 gis:SnacksMember 2023-11-27 2024-02-25 0000040704 gis:Snac