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00:02Procter & Gamble warned of a roughly $1 billion post-tax hit to fiscal 2027 profit
00:08from higher oil prices tied to the Iran war, according to Reuters.
00:12The company said oil rising from $60 to around $100 per barrel is increasing costs for packaging
00:17materials and transportation. It flagged a $150 million fourth quarter impact from commodity
00:24inflation and logistics disruption. Quarterly sales rose 7% to $21.24 billion, beating estimates
00:32of $20.50 billion, while adjusted earnings of $1.59 per share topped expectations by 3 cents.
00:40A Reuters review found that since the Iran war began, 24 of 172 companies have cut or withdrawn
00:47outlooks, while 35 signaled price hikes and another 35 warned of financial impacts.
00:53P&G expects fiscal 2026 earnings at the lower end of its forecast and maintained a nearly
00:59$400 million tariff impact outlook.
01:01For all things money, visit Benzinga.com.
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