LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Weber announced its preliminary third quarter 2022 financial results on July 25, 2022, disclosing net sales between $525 million and $530 million. The Company announced a net loss for the quarter, claiming that “profitability was negatively impacted by” factorings including “promotional activity to enhance retail sell through.” The Company also announced that CEO Chris Scherzinger “is departing.” Based on this news, shares of Weber fell by 16%.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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