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General Mills's management tone tended to become more positive when quarterly net income improved.
Does not remain notable after adjusting for hundreds of tests. Why?
The analysis measures a same-filing relationship, not a forecast. Limitations
Each dot represents one 10-Q filing. Points farther right have more positive MD&A tone. Points higher on the chart had stronger year-over-year net income growth, after extreme percent changes are capped. Upper-right and lower-left points indicate tone and earnings moving in the same direction. How to read this chart
Tone and earnings moved in the same direction in 7 of 9 comparable quarters.
7 / 9 direction agreement
How is agreement calculated?| Spearman ρ (exact) | 0.339 (p=0.216) |
|---|---|
| Pearson r | 0.310 (p=0.261) |
| 95% CI (Pearson) | [-0.24, 0.71] |
| FDR q | 0.528 |
| Sample size (n) | 15 · More established sample |
| Agreement | 7 / 9 (7 / 9) |
Secondary to net income because revenue concepts are less comparable across some industries.
Annual samples are shorter and are not mixed into the default quarterly board.
Tone shown to three decimals so small nonzero values stay visible.
| Date | Form | Tone | Net income YoY | Revenue YoY |
|---|---|---|---|---|
| Mar 18, 2026 | 10-Q | -0.183 | -51.6% | -8.4% |
| Dec 17, 2025 | 10-Q | -0.199 | -48.1% | -7.2% |
| Sep 17, 2025 | 10-Q | -0.111 | +107.7% | -6.8% |
| Mar 19, 2025 | 10-Q | -0.157 | -6.6% | -5.0% |
| Dec 18, 2024 | 10-Q | -0.029 | +33.6% | +2.0% |
| Sep 18, 2024 | 10-Q | -0.099 | -13.9% | -1.2% |
| Mar 20, 2024 | 10-Q | -0.064 | +21.2% | -0.5% |
| Dec 20, 2023 | 10-Q | -0.057 | -1.7% | -1.6% |
| Sep 20, 2023 | 10-Q | -0.045 | -17.9% | +4.0% |
| Mar 23, 2023 | 10-Q | +0.024 | -16.2% | +13.0% |
| Dec 20, 2022 | 10-Q | -0.031 | +1.5% | +3.9% |
| Sep 21, 2022 | 10-Q | -0.010 | +30.8% | +3.9% |
| Mar 23, 2022 | 10-Q | -0.047 | +10.8% | +0.4% |
| Dec 21, 2021 | 10-Q | -0.057 | -13.2% | +6.5% |
| Sep 22, 2021 | 10-Q | -0.109 | -1.9% | +4.0% |
| Date | Form | Tone | Net income YoY | Revenue YoY |
|---|---|---|---|---|
| Jul 1, 2026 | 10-K | -0.121 | -103.8% | -5.4% |
| Jun 26, 2025 | 10-K | -0.043 | -8.1% | -1.9% |
| Jun 26, 2024 | 10-K | +0.001 | -3.8% | -1.2% |
| Jun 28, 2023 | 10-K | +0.066 | -4.2% | +5.8% |
| Jun 30, 2022 | 10-K | +0.093 | +15.7% | +4.8% |