P&G says commodity, freight costs to bite this fiscal year

Procter & Gamble Co’s (PG.N) freight and commodity costs have amounted to around $600 million after tax so far this fiscal year, its chief financial officer said at a conference on Thursday.

The company had previously said it expected more than $200 million in freight costs and about $125 million in commodity costs after tax for the fiscal year ended May 2021.

Written by