Welcome to our dedicated page for Traeger news (Ticker: COOK), a resource for investors and traders seeking the latest updates and insights on Traeger stock.
Traeger, Inc. (NYSE: COOK) is a Salt Lake City–based manufacturer best known for Traeger Grills, which it describes as the creator and category leader of the wood pellet grill. The company’s news flow offers detailed insight into how it manages its outdoor cooking platform, which includes wood pellet grills, griddles, wood pellets, rubs, sauces, accessories, and MEATER smart thermometers.
On this page, readers can follow Traeger’s earnings announcements and financial updates, where the company reports revenue by grills, consumables, and accessories, along with gross margin, net loss, and Adjusted EBITDA. These releases also discuss trends across North America and Rest of World segments, as well as the impact of tariffs, supply chain changes, and demand patterns on the business.
Traeger’s news also covers strategic initiatives such as Project Gravity, a multi-step optimization plan described in SEC filings and press releases. Updates explain how Phase 1 and Phase 2 actions—centralizing operations, workforce reductions, channel optimization, and pellet mill consolidation—are expected to generate significant annualized cost savings and reshape the company’s operating model.
Product announcements are another key component of Traeger’s news. Recent releases highlight the expansion of the griddle lineup, including the Flatrock 2 Zone, which builds on the earlier Flatrock 3 Zone and is positioned as broadening the outdoor cooking experience. Regulatory and listing updates, such as the NYSE notice regarding minimum share price requirements, are also reported in Traeger’s news, providing context for investors tracking COOK stock. This page brings these developments together so readers can review Traeger’s latest reported results, strategic updates, and product news in one place.
Traeger, Inc. (NYSE: COOK) has launched the all-new Ironwood and Ironwood XL grills, redefining outdoor cooking with advanced features aimed at enhancing user experience. This upgraded series introduces innovations such as Smart Combustion technology and a touchscreen interface for precision cooking. The grills, priced at $1,799 and $1,999, promise superior wood-fired flavor and customizable cooking options. CEO Jeremy Andrus emphasizes that innovation remains central to Traeger's mission. The Ironwood series is available on Traeger's website and select retailers across the U.S. and Canada.
Traeger, Inc. (NYSE: COOK) reported a significant 42.1% decline in Q3 revenues to $93.8 million, primarily due to reduced consumer demand and inventory adjustments by retailers. The company's net loss skyrocketed to $210.4 million or $1.75 per share, impacted by a $109.8 million impairment charge. Gross profit margin fell to 27.7% compared to 33.5% year-over-year. Despite challenges, Traeger is focusing on strategic cost reductions and expects full-year revenues to be at the low-end of previous guidance, between $635 million and $640 million.
Traeger, Inc. (NYSE: COOK) will release its third quarter fiscal 2022 financial results on November 9, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time to discuss these results. Participants can join by dialing (844) 200-6205 or +1 (929) 526-1599 for international callers, using conference ID 153347. The call will also be available via webcast. Replay options will be accessible until November 16, 2022.
Traeger, Inc. (NYSE: COOK) has appointed Steven P. Richman, the Group President of Milwaukee Tool, to its Board of Directors effective October 3, 2022. Richman will also serve on the Compensation Committee. CEO Jeremy Andrus expressed confidence that Richman's extensive operational expertise and proven success in driving growth will help Traeger enhance its strategy in the grilling category. Richman brings over 25 years of experience from notable companies, including Black and Decker and Bosch Power Tools, aiming to leverage this knowledge to benefit Traeger’s stakeholders.
Traeger, Inc. (NYSE: COOK) has announced the promotion of two key executives: Jim Hardy as Chief Operating Officer and Cole VandenAkker as Chief Sales Officer. Both promotions recognize their significant contributions to the company. Jim Hardy, with over 35 years of operations expertise, previously served as Chief Supply Chain Officer, while Cole VandenAkker has led Traeger's sales growth since 2020. These strategic appointments aim to enhance operational excellence and drive continued growth in a competitive market.
Traeger, Inc. (NYSE: COOK) announced a 6.0% revenue drop to $200.3 million for Q2 2022, with a significant net loss of $132.3 million, including a $111.5 million impairment charge. Adjusted EBITDA fell to $17.9 million. The company faces ongoing macroeconomic challenges affecting consumer demand, leading to a reduction in 2022 revenue guidance to $640-$660 million. In response, Traeger has initiated cost reduction measures expected to save $20 million annually and adjust inventory levels to align with demand. CEO Jeremy Andrus remains optimistic about long-term growth opportunities.
Traeger, Inc. (NYSE: COOK) will release its second quarter fiscal 2022 financial results on August 10, 2022, after market close. A conference call hosted by management will take place at 4:30 p.m. Eastern Time to discuss these results. Interested participants can join by dialing (844) 200-6205 or +1 (929) 526-1599 for international calls. A replay of the call will be available until August 17, 2022. Traeger, based in Salt Lake City, is a leader in the wood pellet grill market, providing a range of outdoor cooking solutions.
Traeger, Inc. (NYSE: COOK) will feature its CEO Jeremy Andrus, CFO Dominic Blosil, and VP of Investor Relations Nick Bacchus in a fireside chat at the 2022 Baird Global Consumer, Technology and Services Conference. The event is scheduled for June 8, 2022, at 10:15 AM ET in New York City. A live audio webcast will accompany the presentation, with a replay available for 90 days on Traeger's Investor Relations website.
Traeger is the leading maker of wood pellet grills, promoting wood-fired cooking for all skill levels.
Traeger, Inc. (NYSE: COOK) reported a 5.0% decrease in total revenues for Q1 FY 22, totaling $223.7 million, with a gross profit margin of 37.4%, down 530 basis points year-over-year. The company experienced a net loss of $8.4 million ($0.07 per share), a sharp contrast to a net income of $38.9 million in the prior year. Adjusted net income stood at $20.0 million ($0.17 per share). Despite these challenges, Traeger anticipates 2022 revenues between $800 million and $850 million amid ongoing supply chain issues and inflation pressures.
Traeger, Inc. (NYSE: COOK) will release its first quarter fiscal 2022 financial results on
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