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Whirlpool warns of ‘recession-level' slump as Iran war and tariff ruling hit sales
The Guardian· 2026-05-08 02:18
This week, however, the company said that revenue dropped nearly 10% in its most recent quarter and sales of major appliances in North America tumbled 7%. Whirlpool announced a 10% price hike in April, its largest in a decade, and said that a separate 4% price increase will happen in July to address "multiyear inflationary cost pressures". With the war in Iran and economic concerns putting pressure on consumers and how they spend their money, Whirlpool is having to adjust to Americans delaying big-ticket pu ...