Weber Q4 Net Loss Widens; Sales Down 52%

RTTNews | 1010 dni temu
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 | 1151 dni temu
Yen Rises As BoJ Keeps Rate Unchanged

Yen Rises As BoJ Keeps Rate Unchanged

The Japanese yen strengthened against other major currencies in the Asian session on Friday, after the Bank of Japan retained its key interest rate, as widely expected amid heightened political uncertainty.
RTTNews | 11 minut temu
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | 21 minut temu
European Economic News Preview: UK Retail Sales & PSNB Data Due

European Economic News Preview: UK Retail Sales & PSNB Data Due

Retail sales and public sector finance from the UK and business confidence from France are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics publishes UK retail sales and public sector finance figures. Retail sales are forecast to grow 0.4 percent on a monthly basis in August, slower than the 0.6 percent rise in July.
RTTNews | 2g 44 minut temu
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks are seen opening flat to slightly lower on Friday as a busy week for central bank meetings and key economic releases draws to an end.
RTTNews | 2g 57 minut temu
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up near the 8,800 level, with gains in financial, energy and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | 5g 11 minut temu