By Jessica DiNapoli and Juveria Tabassum (Reuters) -Procter & Gamble on Tuesday forecast annual results largely below estimates and said it would raise prices on some products in the U.S., a day after naming insider Shailesh Jejurikar as CEO to steer it through tariff uncertainty.

The consumer goods giant said it will hike prices by a ‘mid-single-digit’ percentage after after facing a ‘very dynamic, difficult and volatile environment’, and has also replaced CEO Jon Moeller

The world’s largest consumer goods maker said it will have to raise prices on a quarter of its products starting August.