Keeping pace with its innovation and expansion strategies, Whirlpool Corp. (WHR - Free Report) recently announced plans to construct a new distribution channel in New Kingston, slated to commence operations in third-quarter 2017. Alongside, the company announced that it would update operations at its existing Carlisle, PA distribution center.
The New Kingston warehouse will be located at a distance of roughly 12 miles from the Carlisle distribution center. It will incorporate the company’s major brand appliances along with other categories like refrigeration, laundry, dishwashing and cooking. Spanning across an area of 300,000 square feet, this will evidently be a complete-mix and rail-served distribution unit.
Prior to this expansion, Whirlpool also announced plans to double the size of its Greenville, OH-based Factory Distribution Center, which distributes all shipments for its KitchenAid small appliances brand across the globe. The world’s leading manufacturer of home appliances has constructed many distribution units in different regions for flexibility and overall growth.
Recently, Whirlpool posted a dismal third-quarter 2016 as both top and bottom lines missed estimates. Lingering currency headwinds and weak appliance demand in the U.S. and U.K. played spoilsport. Following the results, Whirlpool revised its earnings per share projection for 2016 based on the soft demand trends in the U.S. and U.K. as well as the further devaluation of the British pound. (Read: Whirlpool Falls as Q3 Earnings Miss, Curtails '16 View)
Currently, Whirlpool has a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader consumer discretionary space include Francesca's Holdings Corporation (FRAN - Free Report) , Steven Madden, Ltd. (SHOO - Free Report) and SodaStream International Ltd. (SODA - Free Report) , each with a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Francesca's Holdings has a long-term earnings growth rate of 13.8%.
Steven Madden, with a long-term earnings growth rate of 13.5%, has gained roughly 24.4%.
SodaStream International, with a long-term earnings growth rate of 11.3%, has surged nearly 72.4%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>