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Weber Inc. (NYSE:WEBR) has launched its 2022 grilling portfolio, introducing innovative products that integrate smart technology and high-quality materials. Key offerings include the GENESIS Smart Gas Grill, SMOKEFIRE Wood Fired Pellet Grill, and the WEBER CRAFTED Outdoor Kitchen Collection. These products aim to enhance outdoor cooking experiences by allowing users to explore diverse cooking methods. The GENESIS grill features WEBER CONNECT technology, efficient burners, and innovative design elements, while the SMOKEFIRE offers a modern aesthetic and versatile cooking capabilities.
Weber Inc. (NYSE: WEBR) reported full-year 2021 net sales of $1.98 billion, a 30% increase from the previous year. Despite strong sales, net income fell 94% to $6 million. Gross profit rose 35% to $825 million, representing 41.6% of net sales. In Q4, net sales dipped 5% year-over-year to $350 million, with a net loss of $86 million. Adjusted EBITDA was $307 million, up 35%. The company highlighted successful growth in DTC initiatives, with a 46% increase. A new European manufacturing center aims to bolster supply chain efficiency.
Weber Inc. (NYSE: WEBR), a leader in outdoor cooking innovation, is set to release its fiscal fourth quarter and full-year 2021 financial results on December 8, 2021. A conference call will be held at 7:30 a.m. CT to discuss these results. Investors can join via phone or webcast, with a replay available later on their investor relations website. Weber, known for its barbecues and accessories, recently acquired June Life Inc. to enhance its Weber Connect® digital products, indicating a commitment to innovation in the outdoor cooking space.
Weber Inc. has launched a new subsidiary, 1952 Ventures LLC, aimed at accelerating growth in product innovation, technologies, and partnerships. Troy Shay has been appointed as CEO of the subsidiary and Chief Growth Officer of Weber. Alongside, several leadership changes have taken place, including Beau Warren as President of Weber Americas and Michael Jacobs as COO. The company, headquartered in Palatine, Illinois, continues to leverage its renowned barbecue brand, and recent acquisition of June Life Inc. is expected to enhance its digital product offerings.
Amazon (NASDAQ: AMZN) and Weber Inc. (NYSE: WEBR) have filed a lawsuit against 12 defendants for selling counterfeit Weber products on Amazon's platform. The lawsuit, filed in the United States District Court for the Western District of Washington, claims defendants misled customers about product authenticity. Amazon has closed the defendants' accounts and refunded affected customers. Amazon has invested over $700 million in anti-counterfeiting measures, employing more than 10,000 staff to protect its marketplace.
Weber Inc. (NYSE: WEBR) has declared a cash dividend of $0.04 per share, scheduled for payment on December 17, 2021. This dividend is aimed at enhancing shareholder value and reflects the company's strong financial performance and robust free cash flow. CEO Chris Scherzinger emphasized confidence in the business's growth prospects. The company, headquartered in Palatine, Ill., is renowned for its outdoor cooking products and has recently acquired June Life Inc. to advance its digital technology initiatives.
Weber Inc. (NYSE:WEBR) has launched its new manufacturing and distribution hub in Zabrze, Poland, enhancing its operational capabilities to meet European demand. The facility, which is BREEAM-certified, supports Weber's 'Make-Where-We-Sell' strategy, allowing for faster service and delivery. The plant spans 50,000 square meters and includes a Weber Grill Academy. CEO Chris Scherzinger praised the resilience of the team in overcoming pandemic challenges during construction. This marks Weber's first manufacturing site outside of the U.S., indicating significant global expansion.
Weber Inc. (NYSE: WEBR) reported a 19% increase in net sales, reaching $669 million for the fiscal third quarter, marking a record for the company. Despite facing challenges such as cost inflation, net income was $18 million with an adjusted EBITDA of $134 million, reflecting strong demand for its grills and accessories worldwide. Year-to-date sales have surged by 41%. Looking ahead, the company anticipates annual net sales between $1.96 billion and $1.97 billion, representing a 28%-29% year-over-year increase.
Weber Inc. (NYSE: WEBR) will release its fiscal Q3 2021 financial results on September 15, 2021, and host a conference call at 7:30 a.m. CT to discuss these results. Investors and analysts can join the call by dialing 844-200-6205 or 929-526-1599 for international calls, using Conference ID 179886. The call will be available via a live webcast on Weber's investor relations website, with a replay and transcript accessible within 24 hours post-call. Weber, a leader in barbecue and outdoor cooking, continues to innovate in the grilling sector.
Weber Inc. filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of its Class A common stock, under the ticker symbol WEBR. The details regarding the number of shares and price range are yet to be decided. Leading the offering are Goldman Sachs, BofA Securities, and J.P. Morgan as book-running managers. This move reflects Weber's strategy to expand its market presence and enhance growth opportunities following its recent acquisition of June Life Inc., aimed at developing smart cooking technology.
