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 violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Weber announced its preliminary third quarter 2022 financial results on July 25, 2022, disclosing net sales of between $525 million and $530 million. The company reported a net loss for the quarter, saying “profitability was negatively impacted by” factoring, including “promotional activity to improve retail.” The company also announced that CEO Chris Scherzinger is “leaving.” Based on this news, Weber shares fell 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 do nothing, you can remain an absent member of the group.
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