Procter & Gamble’s F3Q sales took a hit from certain international markets. CFO Andre Schulten on an investor call says volume trends of the European enterprise and Asia-Pacific/Middle East/Africa countries such as Egypt, Saudi Arabia, Turkey, Indonesia and Malaysia have remained soft since the start of heightened tensions in the Middle East. Shipments in Russia also continued to decline given its reduced footprint and curtailed investments with consumers and retailers, he adds. Schulten says the combined headwinds from greater China and Asia/Middle East/Africa markets had a 150 basis point impact on total sales in the quarter, but adds that the company expects headwinds to moderate or annualize over the coming periods.