Whirlpool warns Iran war triggers recession-level slump in U.S. appliance demand
TL;DR Summary
Whirlpool warned that the Iran conflict has caused a recession-level decline in U.S. appliance demand, sending shares down about 12% as it slashed full-year guidance and suspended the dividend while citing higher raw-material costs, tariffs, and weaker big-ticket spending; analysts note a broader strain on big-ticket purchases despite strength in travel and services.
Topics:top-news#business#consumer-confidence#dividend-suspension#earnings-guidance#iran-war#whirlpool
- Whirlpool says Iran war causing 'recession-level industry decline.' The shares are down 12% CNBC
- Whirlpool’s Stock Fell as Much as 20% After Company Warns Higher Prices Are Coming WSJ
- Whirlpool warns of ‘recession-level’ slump as Iran war and tariff ruling hit sales The Guardian
- Whirlpool stock sinks 20%, CFO says appliance demand hasn't been this low since 'the great financial crisis' Yahoo Finance
- Whirlpool shares drop 20% as appliance giant warns consumer sentiment at 'recession level lows' on Iran war New York Post
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