P&G Expects $1B Earnings Hit From Higher Fuel Costs -- Market Talk

0934 ET - Procter & Gamble is expecting to take a $1 billion hit to earnings this year due to high gas prices. The projection is based on an estimate that the Brent crude oil price will be $90 a barrel, given the ongoing war with Iran, executives tell analysts on a call. Along with high fuel costs, P&G says it is also dealing with freight and trucking surcharges, supplier inflation and extra non-commodity costs tied to the conflict. P&G estimates EPS will fall 5% or more year-over-year in F1Q, with the majority of cost impacts happening in the first half of its new fiscal year. Procter & Gamble falls 4% in early trading.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

July 29, 2026 09:34 ET (13:34 GMT)