Why Is Whirlpool (WHR) Down 15% Since Last Earnings Report?

Whirlpool reported a wider-than-expected Q2 2026 loss of 21 cents per share and missed sales estimates, with net sales declining 6.8% year-over-year to $3,517 million. The company faced significant headwinds from lower volumes, retailer inventory pressure, tariffs, raw-material inflation, and fuel costs, causing gross margins to contract 360 basis points. Whirlpool lowered its full-year 2026 guidance for both GAAP and ongoing earnings, though it expects structural cost-reduction initiatives to generate over $150 million in savings. The stock has declined 15% since the earnings report and carries a Zacks Rank #3 (Hold) rating.