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Procter & Gamble Profit Rises; Increases Sales of Staples

Procter & Gamble posted an unexpected rise in profit in the latest quarter.

Procter & Gamble Co. increased sales of staples from laundry detergent to toothpaste in its most recent quarter, sending shares higher despite a warning that growth will be spotty in the months ahead.

The maker of Gillette razors and Pampers diapers on Tuesday posted an unexpected rise in profit in the latest quarter and reported organic sales—a closely watched metric that strips out currency moves, acquisitions and divestments—grew 3%, the biggest increase is more than a year.

“We’re pleased with the progress we’re making, but there is still more work to do to get back to the levels of balanced top- and bottom-line growth and cash generation,” Chief Executive David Taylor said. He...


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