P&G (NYSE:PG) was a solid performer in the quarter, along with the general strength in the consumer staples sector. Over the last few years, P&G has exited many non-core businesses and has continued restructuring operations to allow management to focus on those markets with the best prospects for long-term growth.
From Donald Yacktman (Trades, Portfolio)'s Yacktman Focused Fund (Trades, Portfolio) first quarter 2016 commentary.
