Whirlpool shares have fallen about 15% since its second-quarter earnings report, underperforming the S&P 500. The company posted a wider-than-expected ongoing loss of 21 cents per share, compared with a consensus estimate of a 20-cent loss, and net sales declined 6.8% year over year to $3,517 million, missing expectations. Gross margin contracted 360 basis points to 12.6% due to lower volumes and inflationary pressures, while ongoing EBIT plunged 69.1% to $62 million. For 2026, Whirlpool lowered its ongoing earnings guidance to $2.50-$3.00 per share from $3.00-$3.50, and now expects net sales of approximately $15 billion and an ongoing EBIT margin of about 4%. The company also completed a $2 billion asset-based lending facility and issued $2 billion of secured bonds to clear debt maturities until 2028.
Whirlpool CorporationQ2 earnings miss, lowered guidance, and margin contraction
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