Whirlpool will respond to inflationary pressures with its own price increasesPosted: February 2, 2011
It is almost commonplace now for companies to address inflationary issues in their earnings reports. With its products made of steel, Whirlpool (WHR) is certainly no exception.
In its earnings report this morning, Whirlpool had the following to say about its outlook for inflation, and its impact on the company:
“In 2011, we expect to expand our operating margins despite significant global inflation and generate good levels of free cash flow and further strengthen our financial position…
…Raw material inflation is driving costs higher and we expect to mitigate these costs with improvements in cost productivity, innovation and recently announced price increases.”
Expect to pay more for that kitchen upgrade in the near future…
(Author owns WHR)