US consumer goods giant Procter & Gamble announced on the 29th that it expects total sales for the fiscal year ending June 2027 to rise 1 to 3 percent from the prior year. While it will still achieve revenue growth, the pace will slow compared with fiscal 2026, reflecting higher raw material and energy costs tied to the US–Iran situation. The company reiterated that rising costs will drag full-year profit down by about 1 billion dollars, and it sees adjusted earnings per share of 6.89 to 7.11 dollars. Separately, P&G reported results for the April–June quarter of fiscal 2026, with net sales up 1.5 percent year on year to 21.203 billion dollars, missing the LSEG consensus estimate of 21.38 billion dollars. P&G also announced that Shailesh Jejurikar, who became chief executive officer in January this year, will assume the additional role of chairman effective August 1, while current chairman and former CEO Jon Moeller will leave the company on August 14.
Procter & Gamble CompanyHigher raw material and energy costs tied to US-Iran situation will drag profit by $1B, slowing revenue growth.