Mohawk Gets a Haircut?????
Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs.
MHK warned after hours:
The lower earnings expectation for the quarter is primarily due to the continuing decline in the U.S. residential market, slowing European demand and rapidly increasing raw material and energy costs. We are implementing multiple price increases to offset the rising costs......
Slowing sales so raise prices multiple times???????
Wow, that is going to really boost revenues next quarter. The sheep keep getting fleeced.