Wuerth While Wily Wakenings: General Mills Had an Exceptionally High 17% Price and Mix (Predominately Pricing Inflation) Component of Its Net Sales % Increase in Both of Its Two Most Recent Quarters (Nov 22 and Aug 22) That Was 5.7 Times That in Its Aug 21 Quarter of 3%.

Friday, January 13, 2023

General Mills Had an Exceptionally High 17% Price and Mix (Predominately Pricing Inflation) Component of Its Net Sales % Increase in Both of Its Two Most Recent Quarters (Nov 22 and Aug 22) That Was 5.7 Times That in Its Aug 21 Quarter of 3%.

From its most recent Quarterly Earnings Releases and 10Qs filed with the US SEC, here are the Price and Mix (Predominately Higher Pricing Inflation) Components of General Mills' Net Sales % Increases for the most recent six quarters:

Nov 22 +17% (Wow!)
Aug 22 +17% (Wow!)
May 22 +14% (Wow!)
Feb 22 +11% (Wow!)
Nov 21 +7%
Aug 21 +3%

Clearly, General Mills' Pricing Inflation was outrageous in all of 2022.

Its customers cannot be happy with General Mills' exceptionally high pricing increases of its products all throughout 2022.

General Mills November 2022 10Q