Whirlpool warns inflation to deliver $1B blow

whirlpool warns inflation to deliver 1b blow

Sumary of Whirlpool warns inflation to deliver $1B blow:

  • Maglan Capital President David Tawil on his outlook for inflation, oil and cryptocurrencies.
  • Whirlpool earlier this year raised prices by as much as 12%, which has allowed the company to offset the higher costs.
  • The company raised its full-year profit and sales growth forecasts.
  • Harley-Davidson earlier this month raised prices by 2% on some models in an attempt to offset its inflationary pressures.
  • Meanwhile, cereal maker General Mills raised prices for its foodservice business, which is expected to help the company navigate the 7% cost inflation it anticipates this year.

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