- Weber Inc (NYSE:WEBR) reported a fourth-quarter FY22 sales decline of 52% year-on-year to $168.08 million, missing the consensus of $209.09 million.
- Sales in the Americas decreased 60% Y/Y, EMEA fell 54%, and APAC gained 10%.
- Gross profit for the quarter was $7.8 million versus $105.6 million a year ago.
- Related: Outdoor Cooking Company Weber Goes Private In $3.7B Deal
- Operating loss for the quarter was $(116.7) million. Adjusted EBITDA loss was $(63) million versus a loss of $(14) million the previous year.
- Loss per share for the quarter was $(0.53).
- Weber held $24.6 million in cash and equivalents as of September 30, 2022. Net cash used in operating activities for the fiscal year totaled $(363.1) million.
- Also Read: Weber Goes Up In Smoke With Buyout: Here's What Happened With This Short Squeeze Favorite And Bill Gates-Backed Company
- Price Action: WEBR shares are trading higher by 0.50% at $8.05 on the last check Wednesday.
- Photo Via Wikimedia Commons
