The Guardian Australia – Business
·business
·2 hours ago
Whirlpool slashes earnings forecast amid recession-level appliance sales decline
Whirlpool slashed its full-year earnings forecast to $3-$3.50 per share Thursday, citing "recession-level" industry decline amid consumer pullback from major appliance purchases. North American appliance sales dropped over 7% in the first quarter as the Iran war and tariff ruling pressured consumers. The company announced a 10% price increase in April and another 4% hike planned.
Summary by Glance · The Guardian Australia – Business
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