Weber Q4 Net Loss Widens; Sales Down 52%

RTTNews | 1105 days ago
Weber Q4 Net Loss Widens; Sales Down 52%

(RTTNews) - Barbeque brand Weber Inc. (WEBR) reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter.

Excluding items, adjusted net loss for the quarter was $95.91 million, compared to adjusted net loss of $35.37 million in the year-ago quarter.

Net sales for the quarter decreased 52 percent to $168.09 million from $350.23 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.35 per share on net sales of $209.06 million for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Weber Appoints CTO Alan Matula As Interim CEO

Weber Appoints CTO Alan Matula As Interim CEO

Weber Inc. (WEBR) announced Monday that Chief Technology Officer Alan Matula has been appointed interim Chief Executive Officer, effective immediately. CEO Chris Scherzinger is departing from his roles on the management team and Board of Directors. A search for a permanent CEO will commence immediately.
RTTNews | 1247 days ago
Asian Stocks Extend Gains

Asian Stocks Extend Gains

Asian markets extended gains on Tuesday in the backdrop of renewed optimism around AI-related shares that fueled a rally on Wall Street.
RTTNews | 1h 3min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
RTTNews | 2h 15min ago
Europe Car Sales Increase In November

Europe Car Sales Increase In November

Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.
RTTNews | 3h 59min ago
European Economic News Preview: German Import Price Data Due

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.
RTTNews | 4h 31min ago
Cautious Optimism Expected In European Markets

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.
RTTNews | 5h 10min ago
RBA Minutes: Policymakers Discussed Rate Hike Scenario

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated
RTTNews | 5h 14min ago
Australian Market Sharply Extends Early Gains In Mid-market

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.
RTTNews | 7h 40min ago