Whirlpool Shares Hit 14-Year Low on Weak Outlook
Whirlpool shares fell 14% after the appliance maker cut its 2026 profit forecast to $3-$3.50 per share and suspended its dividend to prioritize debt reduction. The company cited high interest rates and energy price spikes for weakening consumer demand in the North American market.
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WHIRLPOOL CORP slashed its 2026 profit forecast by 50% and suspended its dividend on Wednesday. Shares hit a 14-year low on Thursday, falling 14% to $47. The manufacturer prioritizes $900 million in debt reduction over shareholder payouts as appliance demand weakens.
