Feb 2, 2023
Whirlpool Sales Slow
The Whirlpool Corporation had net sales of $4.9 billion in the fourth quarter, a decrease of 15.3 per cent compared to net sales of $5.8 billion in the fourth quarter of 2021. In North America, net sales were $2.8 billion in the quarter, down 13.6 per cent over $3.3 billion in the year-ago period. A decrease in revenue was due to supply chain disruption in North America, elevated cost inflation, and demand slowdown.
Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.