April 27 (Bloomberg) -- Procter & Gamble Co., Red Bottom Shoes the world's largest consumer-products company, fell the most in more than two years Red Bottom Heels after reducing its earnings forecast, hurt by regulations in Venezuela and slowing sales Red Sole Shoes shipments in some developed markets.

P&G dropped 3.6 percent to $64.44 at the close in New York, the Oakley Outlet biggest decline since August 2009. The shares have fallen 3.4 percent Cheap Oakley Sunglasses this year.

The company, based in Cincinnati, cut its full-year profit forecast Oakley Sunglasses excluding some items to as much as $3.88 a share from a previous forecast of a Beats Studi maximum of $4.03. Analysts projected $3.99, the average of 22 estimates Beats Dre Headphones compiled by Bloomberg.