Overview Financials News + Filings IR Vault Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | May-28-23 | May-29-22 | May-30-21 | May-31-20 | May-26-19 | May-27-18 | May-28-17 | May-29-16 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| North America Retail Segment | | | | 10,978.1 | | | | |
| North America Foodservice | | | | 1,588.8 | | | | |
| U.S. Morning Foods | | | | 3,292.0 | | | | |
| U.S. Meals & Baking Solutions | | | | 3,869.3 | | | | |
| Total revenues | 20,094.2 | 18,992.8 | 18,127.0 | 17,626.6 | 16,865.2 | 15,740.4 | 15,619.8 | 16,563.1 |
| Revenue growth [+] | 5.8% | 4.8% | 2.8% | 4.5% | 7.1% | 0.8% | -5.7% | -6.1% |
| North America Retail | | | | | -1.9% | -0.8% | -6.8% | -5.8% |
| Cost of goods sold | 13,548.4 | 12,590.6 | 11,678.7 | 11,496.7 | 11,108.4 | 10,304.8 | 10,052.0 | 10,733.6 |
| Gross profit | 6,545.8 | 6,402.2 | 6,448.3 | 6,129.9 | 5,756.8 | 5,435.6 | 5,567.8 | 5,829.5 |
| Gross margin | 32.6% | 33.7% | 35.6% | 34.8% | 34.1% | 34.5% | 35.6% | 35.2% |
| Selling, general and administrative | 602.8 | 543.8 | 771.7 | 3,151.6 | 2,935.8 | 2,850.1 | 2,888.8 | 3,118.9 |
| Equity in earnings | | | | 91.1 | 72.0 | 84.7 | 85.0 | 88.4 |
| Other operating expenses | -602.8 | -543.8 | -771.7 | -594.7 | -620.1 | -618.8 | -603.6 | |
| EBITDA [+] | 6,545.8 | 6,402.2 | 6,448.3 | 3,664.1 | 3,513.1 | 3,289.0 | 3,367.6 | 3,407.1 |
| EBITDA growth | 2.2% | -0.7% | 76.0% | 4.3% | 6.8% | -2.3% | -1.2% | 9.0% |
| EBITDA margin | 32.6% | 33.7% | 35.6% | 20.8% | 20.8% | 20.9% | 21.6% | 20.6% |
| Depreciation and amortization | 546.6 | 570.3 | 601.3 | 594.7 | 620.1 | 618.8 | 603.6 | 608.1 |
| EBIT [+] | 5,999.2 | 5,831.9 | 5,847.0 | 3,069.4 | 2,893.0 | 2,670.2 | 2,764.0 | 2,799.0 |
| EBIT growth | 2.9% | -0.3% | 90.5% | 6.1% | 8.3% | -3.4% | -1.3% | 10.3% |
| EBIT margin | 29.9% | 30.7% | 32.3% | 17.4% | 17.2% | 17.0% | 17.7% | 16.9% |
| Non-recurring items [+] | 56.2 | -26.5 | 170.4 | 24.4 | 305.1 | 165.6 | 186.9 | 3.2 |
| Asset impairment | 56.2 | -26.5 | 170.4 | 24.4 | 275.1 | 165.6 | 180.4 | 151.4 |
| Loss (gain) on sale of business | | | | | 30.0 | | 6.5 | -148.2 |
| Interest expense, net [+] | -14.0 | -3.8 | -7.4 | 460.5 | 516.2 | 362.0 | 288.1 | 295.7 |
| Interest expense | 382.1 | 379.6 | 420.3 | 466.5 | 521.8 | 373.7 | 295.1 | 303.8 |
| Interest income | 14.0 | 3.8 | 7.4 | 6.0 | 5.6 | 11.7 | 7.0 | 8.1 |
| Other income (expense), net | -2,434.4 | -2,273.0 | -2,406.3 | 15.7 | 10.3 | -7.0 | -17.7 | -96.5 |
| Pre-tax income | 3,140.5 | 3,209.6 | 2,857.4 | 2,600.2 | 2,082.0 | 2,135.6 | 2,271.3 | 2,403.6 |
| Income taxes | 612.2 | 586.3 | 629.1 | 480.5 | 367.8 | 57.3 | 655.2 | 755.2 |
| Tax rate | 19.5% | 18.3% | 22.0% | 18.5% | 17.7% | 2.7% | 28.8% | 31.4% |
| Minority interest | | | | 29.6 | 33.5 | 32.0 | 43.6 | 39.4 |
| Net income | 2,593.9 | 2,707.3 | 2,339.8 | 2,181.2 | 1,752.7 | 2,131.0 | 1,657.5 | 1,697.4 |
| Net margin | 12.9% | 14.3% | 12.9% | 12.4% | 10.4% | 13.5% | 10.6% | 10.2% |
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| Basic EPS [+] | $4.36 | $4.46 | $3.81 | $3.59 | $2.92 | $3.69 | $2.82 | $2.83 |
| Growth | -2.1% | 17.0% | 6.2% | 22.9% | -21.0% | 30.9% | -0.4% | 40.0% |
| Diluted EPS [+] | $4.31 | $4.42 | $3.78 | $3.56 | $2.90 | $3.64 | $2.77 | $2.77 |
| Growth | -2.4% | 16.9% | 6.3% | 22.8% | -20.4% | 31.3% | -0.1% | 40.6% |
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| Dividends per share [+] | $2.16 | $2.04 | $2.02 | $1.96 | $1.96 | $1.96 | $1.92 | $1.78 |
| Growth | 5.9% | 1.0% | 3.1% | 0.0% | 0.0% | 2.1% | 7.9% | 6.6% |
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| Shares outstanding (basic) [+] | 594.8 | 607.5 | 614.1 | 608.1 | 600.4 | 576.8 | 587.1 | 598.9 |
| Growth | -2.1% | -1.1% | 1.0% | 1.3% | 4.1% | -1.8% | -2.0% | -0.7% |
| Shares outstanding (diluted) [+] | 601.2 | 612.6 | 619.1 | 613.3 | 605.4 | 585.7 | 598.0 | 611.9 |
| Growth | -1.9% | -1.0% | 0.9% | 1.3% | 3.4% | -2.1% | -2.3% | -1.1% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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