Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +2.8% EPS YoY: +21.2% Move: +2.49%

General Mills Inc

GRM.DE

€40.98 2.49%

Exchange XETRA Sector Consumer Defensive Industry Packaged Foods

Q2 2024

Published: Nov 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for GRM.DE

Reported

Report Date

Nov 30, 2024

Quarter Q2 2024

Revenue

5.24B

YoY: +2.8%

EPS

1.42

YoY: +21.2%

Market Move

+2.49%

Previous quarter: N/A

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Earnings Highlights

Revenue of $5.24B up 2.8% year-over-year
EPS of $1.42 increased by 21.2% from previous year
Gross margin of 36.9%
Net income of 795.70M
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GRM.DE

Company GRM.DE

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

General Mills reported a solid QQ2 2024 (calendar quarter Q2 FY2024) despite a competitive and volatile macro backdrop. Revenue reached USD 5.24 billion, up 2.76% year over year and up 8.09% quarter over quarter, with gross profit of USD 1.93 billion and a gross margin of 36.85%. Operating income stood at USD 1.08 billion, delivering an operating margin of 20.57%, while net income was USD 0.80 billion and earnings per share (EPS) USD 1.43. The company demonstrated meaningful operating leverage and margin resilience, supported by price realization and cost discipline, contributing to YoY and QoQ gains in profitability

Key Performance Indicators

Revenue

Increasing

5.24B

QoQ: 8.09% | YoY: 2.76%

Gross Profit

Increasing

1.93B

36.85% margin

QoQ: 14.35% | YoY: 13.10%

Operating Income

Increasing

1.08B

QoQ: 29.63% | YoY: 18.36%

Net Income

Increasing

795.70M

QoQ: 37.21% | YoY: 18.74%

EPS

Increasing

1.43

QoQ: 38.83% | YoY: 21.19%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: USD 5.240B; YoY +2.76%; QoQ +8.09%
Gross Profit: USD 1.931B; Gross margin 36.85% (gross profit ratio 0.3685); YoY gross profit up 13.10%; QoQ up 14.35%
Operating Income: USD 1.078B; Operating margin 20.57% (ratio 0.2057); YoY +18.36%; QoQ +29.63%
Net Income: USD 0.796B; Net margin 15.18%; YoY +18.74%; QoQ +37.21%
EPS: USD 1.43; Diluted USD 1.42; YoY +21.19%; QoQ +38.83%
Cash Flow & capital allocation: Net cash from operating activities USD 1.118B; Free cash flow USD 0.966B; Capital expenditures USD (0.152)B; Dividends paid USD (0.343)B; Share repurchases USD (0.801)B; Net debt at period end USD 12.057B; Cash and near-term investments USD 0.594B; CCC notable at negative ~26.5 days due to payables smoothing; Current ratio 0.92; Quick ratio 0.68; Cash ratio 0.29
Balance sheet strength: Total assets USD 31.233B; Total liabilities USD 21.601B; Stockholders’ equity USD 9.379B; Goodwill and intangible assets USD 21.405B (Goodwill USD 14.441B; Intangibles USD 6.963B)
Valuation & efficiency: P/B 4.00; P/S 7.03; P/E 11.57; Dividend yield ~0.917%; Asset turnover ~0.157; ROA ~2.38%; ROE ~8.65%; Debt/Equity ~1.58; Total debt to capitalization ~0.612; Free cash flow yield per share USD 1.78.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.24B	2.76%	8.09%
Gross Profit	1.93B	13.10%	14.35%
Operating Income	1.08B	18.36%	29.63%
Net Income	795.70M	18.74%	37.21%
EPS	1.43	21.19%	38.83%

Key Financial Ratios

Gross Profit Margin

Fair

36.90%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

20.60%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

15.20%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.38%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

8.65%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.92

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.58

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

11.57x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Premium

4.00x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	4,517.50	2.22	-6.8%	View
Q3 2025	4,842.20	1.12	-0.1%	View
Q2 2025	5,240.10	1.42	+11.2%	View
Q1 2025	4,848.10	1.03	-4.9%	View
Q2 2024	5,240.10	1.42	+2.8%	View

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General Mills Inc (GRM.DE) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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Q2 2024 Reports in Consumer Defensive Sector

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