Weber Trailblazes New Experiences in Electric, Griddle, and Pellet-Based Outdoor Cooking With Innovative Product Portfolio For 2023

Rhea-AI Summary

Weber Inc. (NYSE:WEBR) announced its innovative product lineup for the 2023 barbecue season, featuring the new LUMIN Electric Grill, which offers high heat versatility, unique cooking modes, and eco-friendly options. The grill can reach temperatures over 600°F in 15 minutes, allowing for authentic barbecue flavors. Additionally, Weber introduced griddle inserts for SPIRIT and GENESIS gas grills, enhancing cooking options. The products are available through weber.com and retail partners in the Americas and Europe, focusing on convenience and flavor exploration for outdoor cooking enthusiasts.

Positive

• Launch of the versatile LUMIN electric grill with high temperatures over 600°F.
• LUMIN grill offers unique cooking features like smoke mode and steaming.
• Availability of griddle inserts for SPIRIT and GENESIS gas grills to expand cooking options.

Negative

• None.

New LUMIN Electric Grill Smokes, Steams, Barbecues, and Warms Offering “Next Level” Versatility While Delivering Authentic Barbecue Flavors

Suite of Griddle Offerings Transform Gas Grilling and What’s Possible to Cook Outside

PALATINE, Ill.--(BUSINESS WIRE)-- Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season. Featuring Weber’s advanced technology, high-performance engineering, durable construction, and consumer-led design, the Company's latest electric, griddle, and pellet grills offer extraordinary utility, flexibility, convenience, and endless flavor exploration for those who love to cook outside.

“Our product teams continue to push the boundaries of high-performance outdoor cooking in fuel and product categories that home cooks have just started to explore, including electric, griddle, and pellet grilling,” said Mike Jacobs, Chief Operating Officer of Weber. “To develop this year’s product portfolio, we spent hundreds of hours talking to and cooking with people to determine how our products could help them more fully enjoy coming together around the grill. As a result, this line-up redefines what’s possible when cooking outside by enabling our owners to create delicious new meal options, express their creativity, cook with greater ease, control, and predictability, and simplify clean up.”

HIGH HEAT + VERSATILITY, THE LUMIN ELECTRIC GRILL

Weber’s new LUMIN electric grill is a highly versatile, multifunctional grill. It is designed for those with limited outdoor space and electric-first people who crave barbecue's authentic, delicious flavors yet desire a grill that fits their lifestyle and reflects their eco-conscious fuel choices. The ultra-modern LUMIN grill features a sleek, space-efficient design, making it ideal for smaller outside areas and where other forms of grilling, such as charcoal and gas, are not permitted.

To create a “next-level” electric cooking experience, Weber product experts engineered this first-of-its-kind grill to:

• Reach high heat temperatures of more than 600°F/315°C so that cooks can achieve that authentically grilled flavor they have come to love with Weber products; owners can reach high heat-searing temperatures within 15 minutes.
• Infuse vegetables and proteins with rich, smokey tastes through a unique smoke mode.
• Steam vegetables, braise sausages, and keep cooked food warm via different cook settings and specially designed accessories.
• Thaw frozen foods directly on the grill while it preheats to save time and simplify mealtime for busy cooks.
• Make clean-up a breeze with a front-access grease tray and dishwasher-friendly, porcelain-enamel cast iron cooking grates.

The LUMIN grill also features a porcelain-enamel steel lid and cook box for superior durability and long-term corrosion resistance. Additionally, Weber engineers created a line of accessories that further broadens what outdoor cooks can do on this unique grill, including a stand, grill cover, griddle insert, and more.

The LUMIN grill is available now on weber.com and from retail partners in the Americas and Europe. Outdoor cooks can select from full-size or compact models and a variety of vibrant colors, including Ice Blue, Deep Ocean Blue, Golden Yellow, Seafoam Green, Black, and Crimson. Available models and colors will vary by geographic region.

NEW POSSIBILITIES, WEBER'S GRIDDLE PRODUCT SUITE

Instantly Convert SPIRIT^® and GENESIS^® Gas Grills into Full-Size Griddles

To help SPIRIT and GENESIS (three-burner) gas grill owners effortlessly experience the different menu options and flavors griddle cooking opens, Weber product designers leveraged their deep expertise in high-performance heat management to create high-quality, durable, full-size griddle inserts. As a result, WEBER^® grill owners can easily remove their gas grill's cooking grates and replace them with a new SPIRIT or GENESIS Full-Size Griddle insert, transforming the entire cooking surface into a full griddle.

The griddle inserts, constructed of porcelain-enameled cast iron, work with each grill's powerful burner system to direct, evenly spread, and hold heat across the entire griddle cooking surface. In addition, each griddle insert features a grease management system designed to prevent spills and capture grease for less mess during cleaning.

SPIRIT and GENESIS Full-size Griddles will be available on weber.com and from retail partners this spring.

Expand What's Possible with Weber's New Griddle Accessories

To round out its griddle suite of products, Weber will also offer a series of new high-quality tools and accessories. Specially designed for novice and experienced griddle cooks alike, this accessory collection includes stainless steel spatulas, a cast iron press, and a basting dome, among others.

NEW WAYS TO COOK + MORE FLAVOR, THE GENESIS EPX-470

With all the features of the reimagined GENESIS smart gas grill line, the new GENESIS EPX-470 fuses high-performance construction, superior durability, integrated WEBER CONNECT^® smart grilling technology, and a GENESIS griddle insert to create an unforgettable culinary experience for any barbecue enthusiast.

The GENESIS EPX-470 is also compatible with the WEBER CRAFTED^® OUTDOOR KITCHEN COLLECTION, a line of exclusive, high-quality, interchangeable grillware that enables a variety of different cooking methods, including steaming, baking, roasting, searing, or griddle cooking right at the grill.

The GENESIS EPX-470 will be available on Weber's website and from European retail partners this spring.

ABOUT WEBER INC.

Weber Inc. headquartered in Palatine, Ill., is the world’s leading barbecue brand. The Company’s founder George Stephen, Sr., established the outdoor cooking category when he invented the original kettle charcoal grill more than 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet, and electric grills, smokers, griddles, and accessories designed to help outdoor cooking enthusiasts discover what’s possible. Weber offers its barbecue grills and accessories, services, and experiences to a passionate community of millions across 78 countries.

WEBER^®, GENESIS^®, SPIRIT^®, SMOKEFIRE^®, WEBER CRAFTED^®, WEBER CRAFTED OUTDOOR KITCHEN COLLECTION^® and WEBER CONNECT^® are U.S. registered trademarks owned by Weber-Stephen Products LLC. LUMIN™ is also a trademark of Weber-Stephen Products LLC and is the subject of pending registrations or applications in the United States and other countries.

FORWARD-LOOKING STATEMENTS

This press release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Weber’s expectations or beliefs concerning future events. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K.

Our future results could be affected by a variety of other factors, including: uncertainty of the magnitude, duration, geographic reach, impact on the global economy and current and potential travel restrictions of the COVID-19 outbreak; the current, and uncertain future, impact of the COVID-19 outbreak on our business, growth, reputation, prospects, financial condition, operating results (including components of our financial results), and cash flows and liquidity; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; the ability to realize the anticipated benefits and synergies from business acquisitions in the amounts and at the times expected; the impact of competitive conditions; the effectiveness of pricing, advertising, and promotional programs; the success of innovation, renovation and new product introductions; the recoverability of the carrying value of goodwill and other intangibles; the success of productivity improvements and business transitions; commodity and energy prices; transportation costs; labor costs; disruptions or inefficiencies in supply chain; the availability of and interest rates on short-term and long-term financing; the levels of spending on systems initiatives, properties, business opportunities, integration of acquired businesses, and other general and administrative costs; changes in consumer behavior and preferences; the effect of U.S. and foreign economic conditions on items such as interest rates, statutory tax rates, currency conversion and availability; legal and regulatory factors including the impact of any product recalls; and business disruption or other losses from war, pandemic, terrorist acts or political unrest.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005225/en/

INVESTOR RELATIONS CONTACT:

investors@weber.com

Brian Eichenlaub

MEDIA CONTACT:

media@weber.com

Kristina Peterson-Lohman

Source: Weber Inc.

FAQ

What is the new product launched by Weber in 2023?

Weber launched the LUMIN Electric Grill and new griddle inserts for SPIRIT and GENESIS gas grills.

What capabilities does the LUMIN Electric Grill have?

The LUMIN Electric Grill can reach temperatures over 600°F, infuse flavors, steam, and simplify cleanup.

Where can I purchase Weber's new products?

The new products are available on weber.com and from retail partners in the Americas and Europe.

What is the stock symbol for Weber?

Weber's stock symbol is WEBR.

When will the griddle inserts be available?

The griddle inserts for SPIRIT and GENESIS gas grills will be available this spring.