Procter & Gamble, the maker of Tide and other household products, forecast slower revenue growth in fiscal 2027 as consumers tighten spending due to higher food and gas prices.
Challenging Economic Environment
The company expects fiscal 2027 total net sales to grow in the range of 1% to 3%, compared with 3.3% growth in 2026. P&G’s shares fell about 3% in premarket trading on Wednesday.
P&G’s core operating margin dropped 130 basis points, its third straight quarter of decline, as the company ramps up investment in marketing and deals with higher commodity costs.
The company stuck to its expectation of a roughly $1 billion profit impact in fiscal 2027 from higher raw material, energy, and transportation costs due to surging oil prices.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
