PepsiCo Inc (PEP)

Gross profit margin

		Dec 31, 2023	Sep 9, 2023	Jun 17, 2023	Mar 31, 2023	Dec 31, 2022	Sep 3, 2022	Jun 11, 2022	Mar 19, 2022	Dec 31, 2021	Sep 4, 2021	Jun 12, 2021	Mar 20, 2021	Dec 31, 2020	Sep 5, 2020	Jun 13, 2020	Mar 21, 2020	Dec 31, 2019	Sep 7, 2019	Mar 23, 2019	Dec 31, 2018
Gross profit (ttm)	US$ in thousands	49,590,000	49,413,000	48,298,000	46,907,000	45,816,000	44,358,000	43,490,000	43,017,000	42,399,000	41,310,000	40,450,000	38,970,000	38,575,000	37,840,000	37,399,000	35,738,000	38,572,000	36,236,000	35,569,000	35,280,000
Revenue (ttm)	US$ in thousands	91,471,000	91,617,000	90,135,000	88,038,000	86,392,000	83,644,000	81,862,000	80,854,000	79,474,000	76,681,000	74,583,000	71,311,000	70,372,000	68,557,000	67,654,000	64,593,000	70,236,000	66,081,000	64,983,000	64,661,000
Gross profit margin		54.21%	53.93%	53.58%	53.28%	53.03%	53.03%	53.13%	53.20%	53.35%	53.87%	54.23%	54.65%	54.82%	55.19%	55.28%	55.33%	54.92%	54.84%	54.74%	54.56%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $49,590,000K ÷ $91,471,000K
= 54.21%

PepsiCo Inc's gross profit margin has shown a relatively stable trend over the past few years, ranging between 53.03% and 55.33%. In recent quarters, the gross profit margin has been consistently above 53%, indicating the company's ability to generate profits from its core business activities after accounting for the cost of goods sold. This suggests that PepsiCo has been effective in managing its production costs and pricing strategies. Overall, the gross profit margin performance reflects the company's operational efficiency and pricing power in the market.