Traeger Inc - COOK STOCK NEWS

Traeger (NYSE: COOK) has announced the launch of its new Flatrock 2 Zone Griddle, expanding its griddle lineup with a more compact version of the award-winning Flatrock 3 Zone. The new model, priced at $699, features a two-zone cooking system and streamlined ignition process, designed for smaller spaces while maintaining high-end performance.

Key features include two distinct cooking zones for precise heat control, wind-blocking technology, U-shaped burners for consistent heat distribution, and an EZ-Clean™ grease management system. The griddle also comes with Pop-And-Lock™ accessory rail and folding side shelves for customizable cooking space.

This launch follows the successful introduction of the Flatrock 3 Zone, which established new standards in the griddle cookware category. The product will be available soon through Traeger.com and select retailers across the U.S. and Canada.

Traeger (NYSE: COOK) reported mixed Q4 and full-year 2024 results. In Q4, total revenues increased 3.2% to $168.6 million, with grill revenues up 30.2% to $78.0 million. Q4 net loss improved to $7.0 million from $24.0 million year-over-year, while Adjusted EBITDA rose to $18.4 million.

For full-year 2024, total revenues slightly decreased 0.3% to $604.1 million, though grill revenues grew 8.5% to $324.7 million. The company achieved significant gross margin expansion to 42.3%, up 540 basis points. Full-year net loss improved to $34.0 million from $84.4 million, with Adjusted EBITDA up 34.1% to $81.9 million.

Looking ahead to 2025, Traeger expects revenues between $595-615 million, gross margin of 42.2-42.8%, and Adjusted EBITDA of $75-85 million.

Traeger (NYSE: COOK), the wood pellet grill leader, announced a planned CFO transition. Dominic Blosil, who served as CFO for 11 years, will step down after the Q1 10-Q filing while providing transition support through 2025. Joey Hord, currently Senior VP of Finance and Strategy, will assume the CFO role.

Hord brings 16 years of experience from Nike Inc., where he held various leadership positions including Senior Director of Global Business Planning and CFO roles for Nike Southern Cone and Brazil. He joined Traeger in 2021 and has been instrumental in strategic and financial planning.

CEO Jeremy Andrus praised Blosil's contributions, highlighting his role in the company's 2021 IPO and building infrastructure for future growth. The transition is presented as part of a planned succession strategy.

Traeger (NYSE: COOK), the wood pellet grill category leader, has scheduled its fourth quarter and full year 2024 financial results release for Thursday, March 6, 2025, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results.

Participants can join via phone by dialing (833) 470-1428 (US) or +1 (404) 975-4839 (international) with conference ID 941354. The call will also be webcast live on Traeger's investor website. A replay will be available for approximately two weeks until March 20, 2025, accessible by phone at (866) 813-9403 (conference ID 480268) and on the company's website for about one year.

Traeger (NYSE: COOK) announces the launch of its new Woodridge Series pellet grills, marking 40 years of innovation in wood-fire cooking. The series includes three models: Woodridge ($799), Woodridge Pro ($999), and Woodridge Elite ($1,599), combining cutting-edge technology with accessibility.

Key features across the series include enhanced flavor optimization through convection cooking and Freeflow Fire Pot, EZ-Clean Grease & Ash Keg for simplified maintenance, and WiFIRE technology for remote monitoring. The Woodridge Pro offers 970 square inches of cooking space and Super Smoke Mode, while the Woodridge Elite adds insulated construction and a 1100-watt infrared side burner.

This launch represents Traeger's most significant product platform since the introduction of the first wood pellet grill 40 years ago, focusing on delivering premium features at more approachable price points.

Traeger (NYSE: COOK) announced its Q3 FY 2024 results, showing a 3.7% increase in total revenue to $122.1 million. Grill revenues surged by 32.5% to $74.9 million, while gross margin improved by 440 basis points to 42.3%. The company reported a net loss of $19.8 million, slightly higher than last year's $19.3 million. However, Adjusted EBITDA rose significantly to $12.3 million from $4.7 million. North America revenue increased by 10.4%, but Rest of World revenue fell by 40.1%. Consumables and accessories revenues decreased by 11.2% and 31.3%, respectively. Traeger updated its FY 2024 guidance, expecting total revenue between $595 million and $605 million, gross margin between 41.8% and 42.3%, and Adjusted EBITDA between $78 million and $81 million.

Traeger (NYSE: COOK) announced it will release its third quarter fiscal 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results. Participants can join via phone or webcast, with replay options available until November 20, 2024. The webcast replay will remain accessible on Traeger's investor website for approximately one year.

Traeger, the leading wood pellet grill manufacturer (NYSE: COOK), has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. Key executives, including CEO Jeremy Andrus, CFO Dominic Blosil, and VP of Investor Relations Nick Bacchus, will engage in a fireside chat on Tuesday, August 13th at 10:00 AM Eastern Time.

Investors and interested parties can access a live webcast of the discussion, with a replay available for 90 days afterward. The event can be viewed on the Events page of Traeger's Investor Relations website at https://investors.traeger.com. This participation underscores Traeger's commitment to investor engagement and transparency in its growth strategy.

Traeger (NYSE: COOK) reported its Q2 FY 2024 financial results, highlighting a mixed performance. Total revenues decreased by 1.8% to $168.5 million, while grill revenues increased by 2.0% to $95.0 million. However, consumables and accessories revenues declined by 3.1% and 8.8%, respectively.

The gross margin improved significantly by 600 basis points to 42.9%, leading to a net loss reduction of 91.5% to $2.6 million. Adjusted EBITDA rose by 24.9% to $26.8 million.

North American revenue declined by 4.6%, while revenue from the rest of the world surged by 31.9%. Operating expenses showed a mixed trend, with general and administrative expenses decreasing mainly due to lower stock-based compensation.

With these results, Traeger has updated its FY 2024 guidance, projecting total revenue between $590 million and $605 million, gross margin between 40.5% and 41.5%, and Adjusted EBITDA between $74 million and $79 million.