Whirlpool CEO Marc Bitzer warns of bleak demand, calling current fall steeper than past recessions. US-based German exec steering the ship.
Whirlpool has issued a downbeat earnings outlook after reporting weaker-than-expected quarterly results, citing inflation, tariffs, and geopolitical turmoil. The company has cut its guidance and signaled price increases to offset costs, as consumer demand for large home appliances declines amid weak housing activity and low confidence.