• General Mills average operating margin for 2023 was 16.94%, a 7.23% decline from 2022.
• General Mills average operating margin for 2022 was 18.26%, a 5.67% decline from 2021.
• General Mills average operating margin for 2021 was 17.28%, a 0.23% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.