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The press release from Weber announces the appointment of Alan Matula as interim CEO following the departure of Chris Scherzinger. Matula has over 40 years of experience, previously serving as Chief Technology Officer. The company provided preliminary fiscal third-quarter estimates, expecting net sales of $525M to $530M, significantly impacted by inflation and supply chain issues. Adjusted EBITDA is anticipated to be marginally profitable, with a net loss expected. Weber plans financial transformation initiatives and has suspended its quarterly dividend amid challenging market conditions.
Weber Inc. (NYSE:WEBR) is hosting a free ‘Dinner and a Show’ event on July 11 at Nissan Stadium, Nashville, in collaboration with Prime Video and Operation BBQ Relief. The event honors local military families with a screening of the series The Terminal List and a barbecue dinner. Weber emphasizes its commitment to veterans through initiatives like the Always Serving Project. The event celebrates the brand's 70th anniversary, showcasing the limited-edition Weber kettle grill. Attendees can RSVP, with dinner served at 6 p.m. and the screening at 7 p.m.
Weber Inc. (NYSE: WEBR) announced its Q2 2022 results, reporting net sales of $607 million, a 7% decrease from the previous year. Gross profit fell 27% to $209 million, reflecting a gross margin of 34.3%. The company faced significant challenges from supply chain issues, leading to a net loss of $51 million compared to a net income of $69 million in Q2 2021. Adjusted EBITDA decreased to $86 million. The updated FY 2022 guidance projects net sales between $1.65 billion and $1.80 billion, along with an Adjusted EBITDA of $140 million to $180 million.
Weber Inc. (NYSE: WEBR), a leader in outdoor cooking products, has declared a cash dividend of $0.04 per share, payable on June 17, 2022, to shareholders on record as of June 7, 2022. The company, known for its innovative grills and technology, aims to enhance growth through recent acquisitions and new product introductions. Weber also launched 1952 Ventures to explore further brand extensions. The company continues to navigate uncertainties linked to the COVID-19 pandemic, which might impact its operational results.
Weber Inc. (NYSE: WEBR), a leader in outdoor cooking innovation, will release its fiscal Q2 2022 financial results on May 16, 2022. A conference call is scheduled for 7:30 a.m. CT to discuss the results. Investors can join the call by dialing 844-200-6205, with an international option available. A live webcast and replay will be accessible on Weber's investor relations website. Founded by George Stephen Sr., Weber offers a diverse range of grilling products and has recently acquired June Life Inc. to enhance its Weber Connect technology.
Weber Inc. (NYSE: WEBR) reported fiscal Q1 2022 net sales of $283 million, down 8% from $309 million in Q1 2021, but up 75% on a two-year stack. The company's gross profit plummeted 53% to $64 million, affected by supply chain challenges and significant inflation. Weber recorded a net loss of $75 million compared to a net income of $5 million last year. Adjusted EBITDA was a loss of $36 million. For FY 2022, Weber projects net sales growth of 6% to 8% and Adjusted EBITDA between $275 million and $325 million, despite ongoing cost challenges.
Weber Inc. (NYSE: WEBR), a leader in outdoor cooking solutions, plans to release its fiscal first-quarter 2022 financial results on February 14, 2022. The management will host a conference call at 7:30 a.m. CT to discuss these results. Investors and analysts can join the call and a live webcast will be available on Weber's investor relations website. Weber, headquartered in Palatine, IL, is known for its innovative cooking products and recently acquired June Life Inc. to enhance its digital offerings.
Weber Inc. (NYSE: WEBR) announced a cash dividend of $0.04 per share, payable on March 18, 2022 to shareholders of record as of March 8, 2022. This decision reflects the company's commitment to returning value to its shareholders while maintaining its position as a leader in outdoor cooking innovation. Weber continues to enhance its product portfolio and extend growth through strategic acquisitions and initiatives like 1952 Ventures.
