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P&G warns of $1 billion profit hit in fiscal 2027 from higher oil prices
The Pampers and Tide maker also warned of a $150 million fourth-quarter hit from commodity costs, feedstock exposure and logistics disruption.
- On Friday, Procter & Gamble warned of a roughly $1 billion post-tax profit hit to fiscal 2027 driven by surging oil prices linked to the Iran war, joining global companies flagging significant cost pressures.
- P&G finance chief Andre Schulten noted oil prices jumped from $60 to around $100 a barrel, raising costs for plastics, paper packaging, and transportation across the supply chain.
- The company flagged a $150 million after-tax impact for the fourth quarter from commodity inflation and logistics disruption, while a Reuters review of 172 companies showed 35 signaled financial hits since the Iran war began.
- P&G maintains an expectation of nearly a $400 million hit from tariffs on fiscal 2026 profit, with about half stemming from International Emergency Economic Powers Act measures the Supreme Court invalidated.
- Annex Wealth Management strategist Brian Jacobsen noted investors recognize these widespread commodity pressures, as high oil prices "seep into everything" for consumer goods companies like P&G.
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P&G warns of $1 billion profit hit from higher oil prices
US consumer goods giant Procter & Gamble has today warned of a roughly $1 billion hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures from the war in Iran.
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