Weber's Q4 Revenue Halves, Misses Street View

Weber Inc 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.
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