Anonymous1 day ago
Whirlpool slashed its 2026 earnings forecast by nearly half and suspended its dividend after Q1 revenue fell 9.6%, with management blaming the Iran war and collapsing consumer confidence for what it called a "recession-level industry decline." But the company's troubles predate the February conflict — a frozen housing market, the Supreme Court's invalidation of IEEPA tariffs, and years of margin pressure suggest the geopolitical crisis is accelerating, not creating, a structural downturn in the appliance industry.