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Whirlpool's CEO Says the Presidential Election Has the Consumer Feeling 'Not Good'
WHRWhirlpool (WHR) Investopedia·2024-10-24 20:20

Key TakeawaysWhirlpool executives say the presidential election is weighing on consumer sentiment, leaving it reading "not good."That's on top of pressure from elevated mortgage rates and high property values, the company says.The company on Wednesday reported third-quarter earnings of $2 per share, a 30% increase from the year-ago quarter despite a nearly 20% decline in revenue. High mortgage rates aren’t the only thing weighing on home improvement demand, according to executives at Whirlpool Corp. (WHR), ...