Better Buy: Procter & Gamble vs. Coca-Cola
Thanks to a few mid-April earnings updates, investors now have a good understanding of the latest operating trends at Coca-Cola (NYSE: KO) and Procter & Gamble (NYSE: PG). As expected, the two consumer staples giants are showing strong sales trends even as shoppers pull back on spending in some non-essential areas. Coke and P&G are both enjoying solid earnings results too, despite soaring costs.
But which stock is the better buy today? Let's dive right in.
Investors were worried heading into these first-quarter reports about slowing growth. But the concerns proved overblown. P&G's organic sales rose 7% through late March, and Coke's comparable figure was 12%. Both companies are expanding even compared to soaring demand from a year ago.
Source Fool.com
