Replies to post #17295 on The Rising Influence of Rising Affluence

[DewDiligence]

Multinationals such as Unilever and Nestle have begun excluding Argentina from global sales and profit calculations:

https://www.wsj.com/articles/consumer-giants-emerging-market-problem-strong-growth-weak-currency-1539867879

[DewDiligence]

Factoid—UL’s 2Q20 sales of hand sanitizer grew 20,000% YoY:

https://www.wsj.com/articles/unilever-shows-it-can-still-scrub-up-well-11595504998

UL, which derives 60% of sales from emerging markets, trades at a lower P/E ration than rivals, PG and Nestle.