Price, Volume & Portfolio Economics

PepsiCo FY2024

Use PepsiCo's fiscal 2024 disclosures to separate reported and organic growth, effective net pricing, volume, foreign exchange, divisions, recall effects, operating profit and cash flow. USD millions unless stated.

What you will learn

• Distinguish reported revenue from organic growth.
• Separate effective net pricing from volume.
• Reconcile divisional revenue and profit.
• Identify recall and comparability effects.
• Calculate cash conversion using matched definitions.
• Build a portfolio response by evidence.

Syllabus

1. 1Reported growth versus organic growth12 min
2. 2Effective net pricing is more than list price12 min
3. 3Division mix and margin12 min
4. 4Recall effects and comparability12 min
5. 5Operating cash and company-defined free cash flow12 min
6. 6Build a portfolio response12 min
7. CBusiness case: PepsiCo: Defend Price, Restore Volume or Rebalance the Portfolio?22 min