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P&G Profit Hit Warning
Description
Procter & Gamble warned of a ~$1B post-tax hit to fiscal 2027 profit from higher oil prices tied to the Iran war, as oil rising from $60 to ~$100 per barrel increases packaging and transportation costs. Q1 sales rose 7% to $21.24B, beating estimates, with adjusted EPS of $1.59 topping expectations. A Reuters review found 24 of 172 companies have cut or withdrawn outlooks since the Iran war began, with 35 signaling price hikes.
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