Kagome Cuts Profit Guidance on Middle East Costs and Stalled Price-Hike Recovery
Kagome trimmed full-year profit guidance by ¥4bn to ¥19.0bn after a ¥2.8bn Middle East cost hit, while its two mass-market vegetable drinks are still stuck below prior-year sales five months after a price increase that its premium Tomato Juice brand shrugged off.