P&G raises 2027 cost outlook to $1.4 billion as higher oil prices squeeze profits
Procter & Gamble (P&G), the company that makes Tide detergent and Pantene shampoo, warned on Thursday that rising raw material, energy and transportation costs could reduce its annual profit by more than expected. However, strong demand for its beauty and home-care products helped the company report better-than-expected sales for the first quarter. P&G raises its … Read more