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| Leading cost containers in 53 industries, 2000-2003. |
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CFO Staff,
CFO Magazine
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|
| Beverages |
| COMPANY |
2003 COGS |
2003 SG&A |
2003 CMI1 |
'01-'03 CMI Avg. |
'00-'03 CMI Change2 |
'00-'03 Revenue Growth3 |
| COCA-COLA |
34 |
36 |
70 |
69 |
-303 |
1 |
| ANHEUSER-BUSCH |
54 |
18 |
71 |
72 |
-192 |
5 |
| PEPSICO |
42 |
35 |
77 |
78 |
-233 |
10 |
| BROWN-FORMAN |
39 |
40 |
78 |
79 |
121 |
5 |
| CONSTELLATION BRANDS |
69 |
13 |
82 |
84 |
-519 |
14 |
| Industry Median |
52 |
34 |
83 |
84 |
-156 |
8 |
All values are % of operating revenue except for 2000-2003 CMI change, which is expressed in basis points.
1CMI = (COGS + SG&A) / operating revenue.
For banking, CMI = (noninterest expense) / (net interest expense income + noninterest income).
2 Nominal change in CMI 2000-2003, expressed in basis points.
3 Compound annual growth in revenue.
Analysis performed by Archstone Consulting, based on data from Compustat and other sources.
Return to the article "Controlling the Flow."
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