PepsiCo Inc (PEP)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 49,590,000 | 45,816,000 | 42,399,000 | 38,575,000 | 37,029,000 |
| Revenue | US$ in thousands | 91,471,000 | 86,392,000 | 79,474,000 | 70,372,000 | 67,161,000 |
| Gross profit margin | 54.21% | 53.03% | 53.35% | 54.82% | 55.13% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $49,590,000K ÷ $91,471,000K
= 54.21%
PepsiCo Inc's gross profit margin has exhibited some fluctuation in recent years. In 2023, the gross profit margin increased to 54.21% from 53.03% in 2022, but remained lower than the 54.82% recorded in 2020 and the 55.13% in 2019. This indicates a moderate improvement in cost management and/or pricing strategies in 2023 compared to the previous year, although there is some room for improvement to reach the levels seen in 2019 and 2020. Overall, PepsiCo's gross profit margin performance suggests the company has managed its cost of goods sold relative to its revenue but may face ongoing challenges in optimizing its profitability.
Peer comparison
Dec 31, 2023