Whirlpool Slides as Inflation Fears Signal Recession-Level Demand Drop
Whirlpool (WHR) plunged after warning that higher costs tied to the war in Iran will squeeze demand, with CFO Roxanne Warner calling it a ‘recession-level industry decline’ as consumer confidence wanes. The company posted -$0.56 in adjusted EPS on $3.27 billion in revenue, missing estimates, and signaled roughly a 4% price increase in July. The stock fell about 13% on the day, joining a year-to-date and 12-month slide, while analysts’ consensus rating stays at Hold with a target near $54.