Filing Flows › General Mills (GIS) › Q3 FY25
General Mills (GIS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 19, 2025
General Mills (GIS) reported revenue of $4.8B for the third quarter fiscal 2025 (Q3 FY25), -5% from a year earlier and -8% from the quarter before. Operating margin was 18.4%, net earnings $626M (12.9% of revenue).
General Mills, Q3 FY25: revenue $4.8B (-5% year over year), operating margin 18.4%, net earnings $626M, operating cash flow $532M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8B | -8% | -5% |
| Gross profit | $1.6B | -15% | -4% |
| Operating profit | $891M | -17% | -2% |
| Net earnings | $626M | -21% | -7% |
| Operating cash flow | $532M | -54% | -44% |
| Free cash flow | $428M | -57% | -43% |
What changed
Revenue was $4.8B in Q3 FY25, down 5% year over year and down 8% from the previous quarter. Snacks was the largest line at 21% of revenue. Convenient meals lost $0.09B year over year (down 10%), 34% of the total change.
Gross margin was 33.9%, up 0.4 points from a year earlier. Operating profit was $0.89B, a 18.4% margin (up 0.5 points year over year). Operating expenses fell 6% while revenue fell 5%. Net earnings were $0.63B, down 7% year over year. The effective tax rate was 19.5%.
Operating cash flow was $0.53B (down 44% year over year), 84% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.10B left free cash flow of $0.43B.
Questions
What was General Mills' revenue in the third quarter fiscal 2025?
General Mills (GIS) reported revenue of $4.8B for the third quarter fiscal 2025 (Q3 FY25), -5% from a year earlier and -8% from the quarter before.
Was General Mills profitable in the third quarter fiscal 2025?
Operating profit was $891M (18.4% of revenue) and net earnings $626M.
Source: General Mills 10-Q on SEC EDGAR.