P&G warns of $1 billion fiscal 2027 profit hit from surging oil prices
Updated
Updated · Reuters · Apr 24
P&G warns of $1 billion fiscal 2027 profit hit from surging oil prices
7 articles · Updated · Reuters · Apr 24
P&G also flags a $150 million Q4 impact and expects fiscal 2026 earnings per share at the lower end of its target range.
The company cites higher input costs, supply chain disruptions, and force majeure declarations by suppliers due to the Iran war and Middle East conflict.
Despite these pressures, P&G’s Q3 sales rose 7% to $21.24 billion, with shares up 3.6% after beating earnings expectations; the company continues to invest in product innovation and seeks tariff refunds.
Can P&G's innovation outpace the $1 billion profit hit from soaring oil prices?
Will P&G’s price hikes alienate shoppers already struggling with high inflation?
How will the Supreme Court's tariff ruling reshape P&G's bottom line?
How will 7,000 job cuts impact P&G's long-term product innovation strategy?
Is P&G's heavy reliance on plastics its greatest weakness in this new crisis?
Can P&G's AI research fast-track a move away from oil-dependent packaging?