Company: General Mills, Inc.
Ticker: GIS
Form: 10-K
Filed: 2025-06-26
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was General Mills, Inc.'s gross margin in fiscal year 2025?
Question Type: derived_ratio

Concept: DerivedGrossProfit
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 34.55
Answer (Display): 34.55%
Unit: percent

Evidence:
[{"chunk_id": "62", "equivalent_chunk_ids": ["62"], "section": "ITEM 7 - Management’s Discussion and Analysis of", "supports": ["numerator", "denominator"], "text": "$4.21 decreased 7\npercent on a\nconstant-currency basis (see\nthe “Non-GAAP Measures” section below for a description of our use of measures\nnot defined by GAAP).\nA summary of our consolidated financial results for fiscal 2025 follows:\nFiscal 2025\nIn millions,\nexcept per\nshare\nFiscal 2025 vs.\nFiscal 2024\nPercent of Net\nSales\nConstant-\nCurrency\nGrowth (a)\nNet sales\n19,486.6\nOperating profit\n3,304.8\n17.0\nNet earnings attributable to General Mills\n2,295.2\nDiluted earnings per share\n4.10\nOrganic net sales growth rate (a)\nAdjusted operating profit (a)\n3,352.6\n17.2\nAdjusted diluted earnings per share (a)\n4.21\n(a)\nSee the “Non-GAAP Measures” section below for our use of measures not defined by\nGAAP.\nConsolidated\nnet sales\nwere as follows:\nFiscal 2025\nFiscal 2025 vs.\nFiscal 2024\nNet sales (in millions)\n19,486.6\n19,857.2\nContributions from volume growth (a)\npt\nNet price realization and mix\npt\nForeign currency exchange\nFlat\nNote: Table may\nnot foot due to rounding\n(a) Measured in tons based on the stated weight of our product shipments.\nNet sales\nin fiscal\n2025 decreased\n2 percent\ncompared to\nfiscal 2024,\ndriven by\na decrease\nin contributions\nfrom volume\ngrowth and\nunfavorable net price realization and mix.\nComponents of organic net sales growth are shown in the following\ntable:\nFiscal 2025 vs. Fiscal 2024\nContributions from organic volume growth (a)\nFlat\nOrganic net price realization and mix\npt\nOrganic net sales growth\npts\nForeign currency exchange\nFlat\nAcquisitions and divestiture\nFlat\nNet sales growth\npts\nNote: Table may\nnot foot due to rounding\n(a) Measured in tons based on the stated weight of our product shipments.\nOrganic net\nsales in\nfiscal 2025\ndecreased 2\npercent compared\nto fiscal 2024,\ndriven by\nunfavorable organic\nnet price realization\nand\nmix.\nCost of\nsales\ndecreased $172 million\nin fiscal\n2025 to\n$12,754 million. The\ndecrease was\nprimarily driven\nby a\n$95 million\ndecrease\nattributable to lower\nvolume and an $89\nmillion decrease attributable\nto product rate and mix.\nWe\nrecorded a $16 million\nnet decrease\nin cost of\nsales related to\nthe mark-to-market valuation\nof certain commodity\npositions and grain\ninventories in fiscal\n2025, compared\nto a net decrease\nof $39 million in\nfiscal 2024 (please refer\nto Note 8 to\nthe Consolidated Financial\nStatements in Item\n8 of this report\nfor\nadditional\ninformation).\nWe\nalso\nrecorded\nmillion\nof\nrestructuring\ncharges\nin\nfiscal\ncompared\nto\n$18\nmillion\nof\nrestructuring charges\nand $2 million"}]

Derivation: {"denominator": "revenue", "denominator_value": 19486.6, "format": "percentage", "numerator": "gross_profit", "numerator_value": 6733.0, "op": "divide"}