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Procter & Gamble Co. has been dinged over the years for being too big, too slow and too cautious as it tried to break out of tepid growth.
Today, it issued a rejoinder: the largest jump in five years of a key sales measure. Investors cheered the first-quarter results, which the company says is proof its turnaround is working.
“It is broad based, both in geography and brand,” Chief Executive Officer David Taylor said in a phone interview Friday. “That’s indicative of a strategy and an organization that is making progress.”
The surprise growth, including in its home market, sent the shares up
