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U.S. consumer giant Procter & Gamble, flagged a roughly $1 billion hit to its fiscal 2027 profit.
Procter & Gamble warned of a $1 billion profit hit by fiscal 2027 from higher crude prices.
KEY POINTS
- Since the Middle East conflict began, 24 companies cut guidance while 35 flagged new price increases.
- Reckitt reported an early impact in the Middle East and noted a shift toward private-label health products.
- Danone is using short-term hedging and productivity programs to address ongoing cost volatility.
COMPANIES
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