Whirlpool (WHR) Gains From Strategic Efforts, Up 10% in a Month
From Nasdaq:
Whirlpool Corporation’s smart moves to enrich customer experience include supply-chain initiatives and cost-takeout actions. The company signed a deal with One Energy to add wind and solar power to its Ohio operations, with the goal of achieving net zero for its operations by 2030. The expansion plan for onsite renewable energy includes turbines and solar projects, leading to significant cost reduction and environmental benefits.
Whirlpool Corporation has seen positive performance due to improved supply-chain execution and new product introductions. Two of its plants have nine onsite wind turbines and will receive a minimum of 70% of their energy requirements from renewable energy. Whirlpool has introduced SlimTech insulation for refrigerators in North America, allowing for increased capacity and energy efficiency while also contributing to sustainability with its recyclable materials.
Eyeing consumer discretionary stocks, noteworthy companies include G-III Apparel Group, Royal Caribbean, and Lululemon Athletica. These companies have seen significant growth and earnings surprises, making them appealing investment choices. Royal Caribbean reported a 28.3% average earnings surprise and significant sales and EPS increases. G-III Apparel, with a Zacks Rank of 1, experienced a 541.8% average earnings surprise, and the Zacks Consensus Estimate for its fiscal 2024 EPS indicates a 33% increase. Lululemon Athletica has a Zacks Rank of 2, and its sales and EPS for the current financial year are expected to grow by 18.2% and 22.8%, respectively.
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