PepsiCo Inc.: A Robust Commercial Plan for Frito & 5 Major Factors Driving Growth In 2024!

The most recent earnings of PepsiCo reveals a rather balanced performance from the company. Although some challenges were highlighted, including a Quaker supply chain disruption that affected the company in November and December 2023, and could still impact for at least the first half of 2024, their growth trajectory remains positive. PepsiCo reported that in the last three years they have seen double-digit growth in top-line business consistently, registering a compound annual growth rate (CAGR) of 11%. 2024 is expected to witness a normalization of the categories, as well as cost and inflation. Despite reducing their top-line growth forecast to “at least 4%,” their CEO Ramon Laguarta expects an improvement in consumer confidence and disposable income throughout the year.