The Law Offices of Frank R. Cruz announces an investigation of Weber Inc. (“Weber” or the “Company”) (NYSE: WEBR) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On July 25, 2022, before the market opened, Weber announced preliminary third quarter 2022 financial results, including net sales between $525 million and $530 million. The Company also expected to report a net loss, noting that “[p]rofitability was negatively impacted by,” among other things, “promotional activity to enhance retail sell through.” Weber also announced that Chris Scherzinger “is departing” from his roles as Chief Executive Officer and director of the Company.
On this news, the Company’s stock price fell $1.21, or 16%, to close at $6.30 per share on July 25, 2022, thereby injuring investors.
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If you purchased Weber securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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