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Rhea-AI Summary
Traeger, Inc. (NYSE: COOK) will announce its first quarter fiscal 2024 financial results on May 8, 2024, and host a conference call to discuss the results. Participants can join the call by dialing (833) 470-1428 or +1 (929) 526-1599 for international callers. A replay will be available for those unable to participate.
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Traeger, Inc. (NYSE: COOK) reported an 18.3% increase in fourth-quarter revenues reaching $163.5 million, with a gross margin of 36.8%. Despite a net loss of $24.0 million, adjusted EBITDA soared by 82% to $13.0 million. For the full year 2023, total revenues declined by 7.6% to $605.9 million, with a net loss of $84.4 million. Adjusted EBITDA rose by 47% to $61.1 million. Traeger aims for growth in Adjusted EBITDA in 2024 through gross margin expansion despite soft grill industry demand.
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Traeger, Inc. ('Traeger') (NYSE: COOK) will release its Q4 and full year 2023 financial results on March 7, 2024. A conference call will follow to discuss the results. Investors can pre-register for the call and access replays online.
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Traeger, Inc. (NYSE: COOK) will participate in the Morgan Stanley Global Consumer & Retail Conference in New York City. CEO Jeremy Andrus, CFO Dominic Blosil, and VP of Investor Relations Nick Bacchus will join a fireside chat on December 5, 2023, at 10:15 a.m. EST, webcast live on the company’s Investor Relations website.
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Traeger, Inc. (NYSE: COOK) increases midpoint of FY 2023 revenue, gross margin, and Adjusted EBITDA guidance, with Q3 total revenues up 25.5% to $117.7 million. Gross profit margin also increased to 37.9%, and Adjusted EBITDA improved to $4.7 million. CEO Jeremy Andrus cites normalized replenishment rates and lower supply chain costs as key drivers. Revenue from grills, consumables, and accessories all saw significant increases, with North America and Rest of World revenues up 23.6% and 40.0%, respectively.
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Traeger, Inc. to release Q3 fiscal 2023 financial results on November 8, 2023
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Traeger, Inc. announces Q2 2023 financial results with a decrease in total revenues of 14.4% to $171.5 million. Gross profit margin increased by 25 basis points. Net loss decreased to $32.9 million from $133.1 million in the prior year. Adjusted EBITDA increased to $21.5 million from $17.0 million in the prior year. Balance sheet inventory reduced by 26%. The company raises its revenue and Adjusted EBITDA guidance for FY 2023. Total revenue is expected to be between $585 million and $600 million. Gross Margin is expected to be between 36% and 37%. Adjusted EBITDA is expected to be between $55 million and $59 million.
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Traeger, Inc.
NYSE:COOK
COOK Rankings
COOK Stock Data
276.35M
78.44M
13.56%
77.62%
1.53%
Audio and Video Equipment Manufacturing
Manufacturing
United States of America
SALT LAKE CITY
About COOK
since its humble start in oregon in the 1990's, traeger wood pellet grills have been the outdoor cooking choice of food enthusiasts. for years, the grills were offered in limited quantities and geographic areas. however, as people began to taste the food cooked on a traeger, word spread about the unique flavors only traeger natural wood pellets can provide. now, to meet customer demand, the same quality traeger wood pellet grills are being offered to everyone. backed by the same original principles and values along with advanced technology, traeger is committed to providing: •a quality grill that is easy to use. •a commitment to superior workmanship. •natural and safe wood pellets which provide amazing, rich flavors. •one grill that has six uses: a family can use daily to grill, bake, smoke, slow cook, braise, and barbecue. great taste, every time. •exceptional value. if there is one thing you will recognize with a traeger is taste. no matter what type of food, no matter the quality of