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00:02Procter & Gamble forecasts slower revenue growth for fiscal 2027 after fourth quarter sales missed
00:08estimates, according to Reuters. Weaker demand for grooming and oral care products weighed on
00:13results amid what the company called a challenging geopolitical and economic environment. Fourth
00:18quarter adjusted earnings of $143 per share beat estimates, while revenue rose 1.5% to $21.20
00:25billion but missed forecasts. The company expects fiscal 2027 adjusted earnings of $6.89 to $7.11
00:33per share, with the midpoint slightly below the $7.04 estimate. P&G also said higher commodity,
00:39energy and transportation costs are expected to reduce fiscal 2027 profit by about $1 billion.
00:46Shares fell about 3% in pre-market trading on Wednesday. For all things money, visit Benzinga.com.
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