Maytag Corp., the appliance maker known for its lonely repairman ads, will charge retailers a little more next year to carry its appliances, but when and how the higher costs will wash with retailers remains to be seen
Company executives said last month that higher steel prices will cut into earnings by 75 cents per share in 2005 and that the Newton, Iowa-based manufacturer will try to offset that rising cost with higher volume sales and price increases on some of its brands.Maytag (MYG) projected that increased appliance sales would add 35 cents per share to operating earnings next year.
From New Ratings