NEW YORK–(BUSINESS WIRE)–#Action–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Weber, Inc. (“Weber” or the “Company”) (NYSE: WEBR) on behalf of Weber stockholders. Our investigation concerns whether Weber has violated the federal securities laws and/or engaged in other unlawful business practices.
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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
On July 25, 2022, before the market opened, Weber announced its preliminary third quarter 2022 financial results, 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.”
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.
If you purchased or otherwise acquired Weber shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.