-

Shareholder Alert: Robbins LLP Announces It Is Investigating Mohawk Industries, Inc. (MHK) for Misleading Shareholders

SAN DIEGO & CALHOUN, Ga.--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that it is investigating Mohawk Industries, Inc. (NYSE: MHK) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. Mohawk Industries designs, manufactures, sources, distributes, and markets flooring products for residential and commercial spaces worldwide.

If you suffered a loss as a result of Mohawk's misconduct, click here.

Mohawk Industries, Inc. (MHK) Fails to Meet Company Guidance

Beginning in April 2017, Mohawk touted its purported "growing demand" for its conventional flooring products and continued to highlight its sales growth throughout the relevant period. Then, on July 25, 2019, after repeatedly reporting financial results that missed analysts' estimates and the Company's guidance range, Mohawk revealed sales in its Flooring NA segment were down 7% because "lower demand" for certain conventional flooring products had created excess inventory that impacted Mohawk's sales and margins. On this news, Mohawk's stock dropped $27.76, nearly 18%, to close at $128.84. The stock has yet to recover. It appears that Mohawk had been channel stuffing by causing its distributors to take on surpluses of Conventional Flooring Products that were greater than demand to make Mohawk's sales growth and financial performance appear better than they were.

Mohawk Industries, Inc. (MHK) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsllp.com
Shareholder Information Form

Want to be notified if a class action against Mohawk settles? Want to receive free alerts about companies engaged in wrongdoing? Sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com

Industry:

Robbins LLP

NYSE:MHK
Release Versions
English
$Cashtags
$MHK
Hashtags
#ClassAction
#Finance
#Investment
#Investor
#Lawsuit
#Securities
#Shareholder
#Shareholderrights
#StockAlert
#StockMarketData
#StockNews
#StockTrading
#Stocks
#Trader
#shareholderrightslawfirm

Contacts

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com

More News From Robbins LLP

CPNG Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against Coupang, Inc.

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Coupang, Inc. (NYSE: CPNG) securities between April 6, 2025 and December 16, 2025. Coupang describes itself as one of the fastest-growing technology and commerce companies in the world, providing retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Cou...

Did You Lose Money in SFM? Stockholders Who Incurred Significant Financial Loss in Sprouts Farmers Market, Inc. Should Contact Robbins LLP to Learn About Leading the SFM Class Action Lawsuit

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP: Company: Sprouts Farmers Market, Inc. (NASDAQ: SFM) is a specialty grocery store chain that operates in the U.S. What is the class period? June 4, 2025 - October 29, 2025. What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Sprouts Farmers Market, Inc. during the class period because the Company allegedly misled investors regarding its growth potential. For...

MCTA Class Action Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Securities Class Action Against Charming Medical, Limited

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Charming Medical, Limited (NASDAQ: MCTA) securities between October 10, 2025 and November 12, 2025. The Company claims to “enhance[] the quality of life from the inside out by integrating Traditional Chinese Medicine (TCM) wellness practices with modern technology.” For more information, submit a form, email attorney Aaron Dumas, Jr., or give...
Back to Newsroom