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Shares in grill maker Weber (NASDAQ: WEBR ) surged 27% Aug. 18. WEBR stock rose further overnight on speculation it could be the next Bed, Bath & Beyond (NASDAQ: BBBY ).
Shares in Weber Inc. WEBR, +27.22% shot toward their biggest one-day gain on record in Thursday afternoon trading. The grill maker's stock was more than 25% higher in late trading, which would easily be its best day on Wall Street since going public roughly a year ago --- shares rose 17.8% from the IPO price in their first day of trading, and have not experienced a stronger single-day percentage gain since.
Yahoo Finance anchors Brad Smith and Brian Sozzi discuss analyst stock ratings for grill maker Weber.
Investors should keep an eye on Weber's liquidity position as sales and profitability are likely to get worse, Citi says.
Weber Inc. (NYSE:WEBR ) Q3 2022 Results Conference Call August 15, 2022 8:30 AM ET Company Participants Brian Eichenlaub - VP, IR and Treasurer Alan Matula - Interim CEO Bill Horton - CFO Conference Call Participants Robby Ohmes - Bank of America Simeon Siegel - BMO Capital Markets Kate McShane - Goldman Sachs Megan Alexander - JPMorgan Chris Carey - Wells Fargo Arpine Kocharyan - UBS Investment Bank Operator Good morning, and welcome to the Weber Inc.'s Third Quarter Earnings Call for Fiscal 2022. All lines have been placed on mute to prevent any background noise.
Financial results weren't surprising but management's plan was.
Shares of Weber Inc. soared in active trading Monday, after the outdoor grill maker announced a plan to cut costs and preserve liquidity as rising inflation and supply chain disruptions have led to slower retail traffic and yet another wider-than-expected loss.
Weber (WEBR) delivered earnings and revenue surprises of -485.71% and 0.42%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Weber Inc (NYSE: WEBR) is up 20% on Monday after the grills and related accessories maker reported better-than-expected sales for its fiscal third quarter. Weber Q3 earnings snapshot Swung to a $7.5 million loss or 41 cents per share In the same quarter last year, it had earned $17.
Grill maker Weber is planning a 10% “reduction of force” in its management staff after reporting a 21% drop in sales Monday (Aug. 15).