A Business at a Glance
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GENERAL MILLS INC
GIS
$20.2B
Mkt Cap
$36.03
+1.35%
GENERAL MILLS INC (GIS) has a current P/E ratio of 7.7, compared to its historical median P/E of 14.1. The stock is currently considered Cheap based on its historical valuation range.
GENERAL MILLS INC (GIS) has a 5-year average return on invested capital (ROIC) of 12.1%. This indicates solid capital allocation.
GENERAL MILLS INC (GIS) has a market capitalization of $27.2B. It is classified as a large-cap stock.
Yes, GENERAL MILLS INC (GIS) pays a dividend with a trailing twelve-month yield of 4.85%. The company also returns capital through share buybacks, with a buyback yield of 2.95%.
Based on historical P/E analysis, GENERAL MILLS INC (GIS) appears cheap. The current P/E of 7.7 is 45% below its historical median of 14.1. The estimated fair value CAGR (P/E method) is 5.5%.
GENERAL MILLS INC (GIS) operates in the Grain Mill Products industry, within the Consumer Defensive sector.
GENERAL MILLS INC (GIS) reported annual revenue of $19.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
General Mills is a leading global manufacturer and marketer of branded consumer foods with more than 100 brands sold in 100 countries across six continents, supplemented by 50 percent interests in two strategic joint ventures operating in approximately 130 countries. The company operates through four segments—North America Retail, International, North America Pet, and North America Foodservice—offering a diverse portfolio spanning snacks (grain, fruit, savory, nutrition bars, frozen hot snacks), ready-to-eat cereal, convenient meals (meal kits, ethnic meals, pizza, soup, side dishes, frozen breakfast and entrees), wholesome natural pet food, refrigerated and frozen dough, baking mixes and ingredients, yogurt, and super-premium ice cream. General Mills distributes primarily through direct sales to grocery stores, mass merchandisers, membership stores, natural food chains, drug and discount chains, e-commerce retailers, foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, with Walmart and its affiliates representing 22 percent of consolidated net sales. The business model relies on branded product differentiation, consumer insights, effective customer relationships, superior product quality, innovative marketing, and an efficient supply chain to compete against numerous manufacturers and private-label products in highly competitive categories. Raw materials—principally grains, dairy, meat, vegetable oils, sugar, vegetables, fruits, nuts, and packaging materials—are sourced primarily from U.S. suppliers for domestic operations, with a grain merchandising operation providing commodity market access and risk management capabilities.
【Remarkability-driven growth acceleration】 Management expects fiscal 2027 to deliver improved organic sales performance through a step change in brand remarkability, with confidence that stronger product innovation, renovation, and marketing investments will drive volume recovery and favorable price-mix accretion as the company laps prior-year pricing actions. The company anticipates continued consumer pressure and below-trend category growth, requiring General Mills to generate its own success through improved competitiveness, particularly in North America Retail dollar share and pet, while maintaining industry-leading productivity through the Holistic Margin Management program and Global Transformation Initiative. Cost inflation is expected to remain elevated at 4 to 5 percent, with the company targeting $750 million in cumulative cost savings in fiscal 2027 as part of a $3 billion four-year productivity program through fiscal 2030, designed to offset inflation, fund growth investments, and support stronger earnings and cash flow. Management remains confident in the ability to deliver improved top-line and bottom-line performance despite a challenging consumer environment, with the combination of stronger brand remarkability, sharper execution, and aggressive productivity initiatives positioned to build momentum and create sustainable shareholder value.
| Metric | Target | Period |
|---|---|---|
| Cumulative cost savings | $3 billion | Four years through fiscal 2030 |
| Cost savings | $750 million | Fiscal 2027 |
| Net inflation | 4% to 5% | Fiscal 2027 |
Cumulative cost savings (Four years through fiscal 2030): “we expect to deliver $3 billion in cumulative cost savings over the four years through fiscal 2030, primarily through our Holistic Margin Management Productivity Program and our Global Transformation Initiative.”
Cost savings (Fiscal 2027): “We're expecting $750 million to be delivered in fiscal 2027.”
Net inflation (Fiscal 2027): “our inflation outlook of 4% to 5% assumes about $100 a barrel on oil on the uncovered portion of the year, and conversion costs based on a lagging PPI.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 18.4B | 19.5B | 19.9B | 20.1B | 19.0B | 18.1B |
| Net Income | 2.2B | 2.3B | 2.5B | 2.6B | 2.7B | 2.3B |
| EPS | $2.93 | $4.10 | $4.31 | $4.31 | $4.42 | $3.78 |
| Free Cash Flow | 1.7B | 2.3B | 2.5B | 2.1B | 2.7B | 2.5B |
| ROIC | 11.7% | 11.2% | 12.6% | 12.4% | 12.8% | 11.7% |
| Gross Margin | - | 34.6% | 34.9% | 32.6% | 33.7% | 35.6% |
| Debt/Equity | 1.49 | 1.62 | 1.38 | 1.12 | 1.10 | 1.33 |
| Dividends/Share | $1.75 | $2.40 | $2.36 | $2.16 | $2.04 | $2.02 |
| Operating Income | 3.5B | 3.3B | 3.4B | 3.4B | 3.5B | 3.1B |
| Operating Margin | 19.0% | 17.0% | 17.3% | 17.1% | 18.3% | 17.3% |
| ROE | 23.7% | 24.7% | 25.2% | 24.7% | 27.1% | 26.7% |
| Shares Outstanding | 755M | 560M | 579M | 602M | 613M | 619M |
GENERAL MILLS INC passes 3 of 9 quality checks, indicating weak fundamentals.
GENERAL MILLS INC trades at 7.7x trailing earnings, compared to its 15-year median P/E of 14.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 10.8x vs a median of 13.5x. The company's 5-year average ROIC is 12.1% with a gross margin of 34.3%. Total shareholder yield (dividends + buybacks) is 7.8%. At current prices, the estimated annualized return to fair value is -0.9%.
GENERAL MILLS INC (GIS) has a net profit margin of 11.8%. This is a healthy margin.
GENERAL MILLS INC (GIS) generated $2.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GENERAL MILLS INC (GIS) has a debt-to-equity ratio of 1.62. This indicates higher leverage, which may increase financial risk.
GENERAL MILLS INC (GIS) reported earnings per share (EPS) of $4.10 in its most recent fiscal year.
GENERAL MILLS INC (GIS) has a return on equity (ROE) of 24.7%. This indicates the company generates strong returns for shareholders.
GENERAL MILLS INC (GIS) has a 5-year average gross margin of 34.3%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for GENERAL MILLS INC (GIS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GENERAL MILLS INC (GIS) has a book value per share of $16.43, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects fiscal 2027 to deliver improved organic sales performance through a step change in brand remarkability, with confidence that stronger product innovation, renovation, and marketing investments will drive volume recovery and favorable price-mix accretion as the company laps prior-year pricing actions. The company anticipates continued consumer pressure and below-trend category growth, requiring General Mills to generate its own success through improved competitiveness, particularly in North America Retail dollar share and pet, while maintaining industry-leading productivity through the Holistic Margin Management program and Global Transformation Initiative. Cost inflation is expected to remain elevated at 4 to 5 percent, with the company targeting $750 million in cumulative cost savings in fiscal 2027 as part of a $3 billion four-year productivity program through fiscal 2030, designed to offset inflation, fund growth investments, and support stronger earnings and cash flow. Management remains confident in the ability to deliver improved top-line and bottom-line performance despite a challenging consumer environment, with the combination of stronger brand remarkability, sharper execution, and aggressive productivity initiatives positioned to build momentum and create sustainable shareholder value.
Based on recent SEC filings and earnings calls, GENERAL MILLS INC (GIS) has provided the following forward guidance: Cumulative cost savings: $3 billion (Four years through fiscal 2030); Cost savings: $750 million (Fiscal 2027); Net inflation: 4% to 5% (Fiscal 2027).