LG Electronics takes cautious stance toward COVID-19 recovery — Panjiva
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LG Electronics takes cautious stance toward COVID-19 recovery

Cons. Discr. - Durables 513 Earnings 725 Quote Watch 452 U.S. 5316

LG Electronics reported a 17.9% slide in revenues in Q2 after COVID-19 cut demand for the firm’s discretionary-spending products including home appliances. The firm’s outlook is also muted, citing both the ongoing U.S.-China trade war and only a “gradual improvement of the business environment” in the wake of the pandemic. By contrast, many of the home appliance manufacturers appear to expect a surge in sales in Q3. U.S. seaborne imports of appliances climbed 21.7% higher year over year in the first half of July. LG Electronics appears to be taking a conservative stance with shipments do...

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