Better Buy: PepsiCo vs. McCormick
PepsiCo (NASDAQ: PEP) and McCormick (NYSE: MKC) shares both delivered market-beating returns to shareholders in 2022. Wall Street loves the two packaged foods specialists, which have attractive growth outlooks despite slowing economic growth trends. Their pricing power looks solid, too, implying strong earnings through inflation.
But which one is the better buy in early 2023? Let's dive right in.
Pepsi has the stronger growth momentum today, and it isn't even close. Sales were up a blazing 16% in its fiscal third quarter, which ended in early September, and are up 14% through the first three quarters of the year. McCormick, on the other hand, just reported a 6% sales increase and is expecting to reach roughly 4% for the full 2022 year.
Source Fool.com
