P&G warns of bigger cost hit from oil prices, even as consumer demand holds up

On October 22, Procter & Gamble said raw-material, energy and freight costs may reduce fiscal 2027 profit by about $1.4 billion, versus its prior $1 billion estimate. Q1 net sales rose 4% to $23.28 billion; volumes rose 2.4%, and core operating margin fell 80 basis points.