Whirlpool Corp., the parent company of Maytag and KitchenAid, announced better-than-expected earnings in after-hours trading on Wednesday, resulting in a rise in its stock.
The appliance manufacturer acknowledged that current sales figures reflect cautious consumer behavior but expects an improvement in consumer sentiment after the upcoming US presidential election. This suggests that Whirlpool is optimistic about a potential rebound in demand as political uncertainties diminish.
Despite net sales falling short of projections, the company reiterated its full-year sales forecast, indicating stability in its performance.