Procter & Gamble warned that higher input costs tied to the Middle East conflict could reduce annual profit by US$150 million. The company also said demand for its higher-priced hair and skin care products helped it beat quarterly expectations. The update is mixed: a profit headwind from geopolitical costs offset by resilient premium product demand.
Procter & Gamble warned that higher input costs tied to the Middle East conflict could reduce annual profit by US$150 million. The company also said demand for its higher-priced hair and skin care products helped it beat quarterly expectations. The update is mixed: a profit headwind from geopolitical costs offset by resilient premium product demand.
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