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Published 2 years ago

Weber rallies despite weak results after management lays out cost reduction plan

Summary by Ground News
Weber (WEBR) introduced a comprehensive cash flow and cost management plan. The new plan was announced alongside weak earnings for Q2. Sales decreased 21% to $528M due largely to slower retail traffic. Management believes the actions will result in at least $110M of cash benefit, net of restructuring costs.

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Weber rallies despite weak results after management lays out cost reduction plan

Weber (WEBT) broke higher introducing a comprehensive cash flow and cost management plan. Read more.

2 years ago·United States
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