Weber Sales Decreased 52% on the Quarter, Lost $330 Million for the Year

Weber announced two days ago that they took on up to $350 million of additional debt and are going to be taken private. Today they announced their financial results for their quarter and year ended September 30th, 2022, and the results are bad.

For the quarter their net sales decreased 52% to $168 million, with a net loss of $152 million. For the year, they lost $330 million, and that includes at least one quarter that still benefitted from the effects of the pandemic.