On March 31, the company said it expected to post revenue between $145 million and $155 million. Revenue coming from sales of grills fell 40% to $89.7 million due to lower volumes, it said. The company's sales continued to be pressured by retailer destocking and lower consumer demand in the first quarter, Chief Executive Jeremy Andrus said. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix-This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires08-02-23 1710ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal August 02, 2023 21:15 UTC