Better Buy: PepsiCo vs. McCormick
PepsiCo (NASDAQ: PEP) and McCormick (NYSE: MKC) both recently closed out their fiscal years (2022 in this case) and each offered investors a detailed outlook for the year ahead. Management at these two consumer-packaged food giants offered up plans for steady growth, rising profitability, and increasing cash returns through dividends.
Both companies expect gains in the coming year, but which one is the better fit for your portfolio today? Let's dive right in and see if an answer arises.
PepsiCo is the clear winner in the sales growth category. The company's wide portfolio allowed it to avoid a big decline during the earliest phases of the pandemic, and revenue growth has been fantastic since then. Organic sales were up a blistering 14% in 2022 after having risen by 10% in the previous year.
Source Fool.com
