Whirlpool Q2 Sales Miss, Slashes Full-Year Outlook on Weak Demand
WHR is trading near its 52-week low of $35.448 (5.4% above the low).
Summary
Whirlpool's Q2 sales fell 6.8% to $3.52B, missing the $3.55B consensus, while adjusted loss per share of $0.21 was far worse than the expected $0.06 loss. Organic sales declined 1.7% as North American demand weakened and Latin America saw heavy promotions. Management slashed full-year adjusted EPS guidance to $2.50-$3 from $3-$3.50, citing higher interest expenses—a fresh blow after the May guidance cut and dividend suspension. This follows a brutal year: a Q1 net loss, a $4B refinancing package, and a major restructuring with a $165M charge. The persistent demand erosion and rising financing costs deepen the turnaround challenge, with the $15B full-year sales target now looking optimistic.
At the time of this announcement, WHR was trading at $37.35 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $35.45 to $96.57. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.