Procter & Gamble Warns $1B After-Tax Cost Headwind in Fiscal 2027
Procter & Gamble expects an approximately $1 billion after-tax cost headwind in fiscal 2027, driven by higher raw material, energy and transportation costs, plus conflict-related premiums. With Brent assumed near $90 per barrel and added foreign-exchange pressure, it projects a combined $1.4 billion after-tax earnings headwind (~8% of fiscal 2026 core EPS). Margins already fell in fiscal 2026, and fiscal 2027 first-quarter EPS is expected to drop 5% or more despite $2.8 billion of productivity improvements.