Demand for home goods and appliances is on the rise and the trend won’t go away anytime soon, according to Whirlpool CEO Mark Bitzer.
“People have a strong orientation to the house and the home,” Bitzer told CNBC’s “Closing Bell” in an interview Wednesday. “If you listen to all the companies announcing their work policies, I would say many consumers will stay on average one or two days more at home. That just drives appliance consumption and that will not go away anytime soon.”
Earlier Wednesday, Whirlpool announced it earned $433 million, or $6.81 per share, up sharply from earnings of $154, or $2.45 a share, a year ago. Excluding items, Whirlpool earned $7.20 a share.
Sales rose nearly…