P&G Warns Oil Surge Could Cut Fiscal 2027 Profit by $1 Billion
Procter & Gamble warned that surging oil prices could cut its fiscal 2027 profit by roughly $1 billion after tax, joining other global companies flagging significant cost pressures from the Iran war. The company said the projected hit assumes oil rises from about $60 a barrel before the conflict to about $100, increasing plastics, paper-packaging and transportation costs.
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@reutersUS consumer goods giant Procter & Gamble warned of a roughly $1 billion post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures from the Iran war https://t.c
@reutersbizUS consumer goods giant Procter & Gamble warned of a roughly $1 billion post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures from the Iran war. READ: http
@briansozziWhat the maker of Tide saw in March weeks after the Iran conflict began: