MHK Revenue (Quarterly) data by YCharts Now what The warnings from FedEx, following Mohawk's cautionary tone in its last earnings report, are raising big red flags for the economy. Neither is good news for the leading flooring manufacturer.Week to date, shares of Mohawk Industries (NYSE: MHK) were down 21% as of 1:36 p.m. What happened Wall Street was hitting the sell button again this week after new inflation data and earnings results from FedEx pointed to weakness in the economy.