Story perspectives

P&G Beats Q3 Forecast, Flags $1 B Profit Hit from Oil

4/24/2026

Summary

P&G Beats Forecast

Procter & Gamble posted Q3 sales of $21.24 billion, up 7 % and beating the $20.50 billion estimate on April 24 2026.
CFO Andre Schulten warned that oil at $100 per barrel will cut fiscal 2027 profit by about $1 billion.
The company expects a $150 million commodity-cost hit for Q4 and a $400 million tariff charge on fiscal 2026 earnings.
CEO Shailesh Jejurikar said P&G is increasing investments, seeking tariff refunds, and that gross margin fell 100 basis points.

Summary

P&G Cuts Jobs

P&G will cut up to 7,000 non-manufacturing jobs, about 15% of that workforce, by mid-2027.
The company will reorganize into smaller, data-driven teams that can decide without extensive internal legwork.
P&G expects an after-tax refund of roughly $150 million from the International Emergency Economic Powers Act (IEEPA) tariff, though the exact amount remains unclear.
The high-end Japanese skin-care brand SK-II drove an 18% growth surge in P&G’s beauty segment this quarter.

History

Historical Context

In October 1973 OAPEC, led by Saudi Arabia’s King Faisal, cut production and imposed an oil embargo on the United States after its resupply of Israel, driving the barrel price from $3 to $12—a 400 % jump that sparked a global recession. The shock still shapes corporate risk; today P&G CFO Andre Schulten warns a $100-per-barrel price could cut FY 2027 profit by about $1 billion.

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P&G Beats Forecast

Procter & Gamble posted Q3 sales of $21.24 billion, up 7 % and beating the $20.50 billion estimate on April 24 2026.
CFO Andre Schulten warned that oil at $100 per barrel will cut fiscal 2027 profit by about $1 billion.
The company expects a $150 million commodity-cost hit for Q4 and a $400 million tariff charge on fiscal 2026 earnings.
CEO Shailesh Jejurikar said P&G is increasing investments, seeking tariff refunds, and that gross margin fell 100 basis points.

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