Weber grills remain on a hot streak
PALATINE -- Weber Inc. Wednesday released financial results for its fiscal year third quarter, saying it set a fifth straight year-over-year quarterly sales record as net sales increased 19%, to $669 million, from $561 million in the prior year quarter.
Adjusted net income decreased 6%, to $85 million, or 12.7% of net sales, compared to $91 million, or 16.2% of net sales in the prior year quarter, the company said.
"During the third quarter, we continued to experience record levels of demand for Weber grills and accessories across every product fuel type in our portfolio and every region globally," said Chris Scherzinger, chief executive officer of Weber. "We see ongoing resilience in the outdoor cooking category and continued market share growth for Weber."
The growth was achieved despite distribution, inbound freight and commodity cost inflation headwinds, Weber said.