Traeger Inc - COOK STOCK NEWS

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 May 11, 2022, after market close. A conference call is scheduled for 4:30 p.m. Eastern Time to discuss the results. Participants can join by dialing (844) 200-6205 or +1 (646) 904-5544 for international calls. A replay will be available post-call until May 18, 2022. Traeger, known for its wood pellet grills that enhance outdoor cooking, continues to lead in its category.

Traeger, Inc. (NYSE: COOK) has unveiled its new Timberline grill, emphasizing consistency, convenience, and versatility. This advanced grill incorporates a smart combustion system for precision temperature control, along with features like a full-color touchscreen and WiFIRE technology for remote monitoring. Priced at $3,499 and $3,799, the Timberline and Timberline XL promise enhanced cooking capabilities and are set for release this spring. Traeger continues to lead the wood-pellet grill market with innovative cooking solutions.

Traeger, Inc. (NYSE: COOK) announced a public livestream on March 30, 2022, at 12:30 PM ET, showcasing the future of outdoor cooking. This event will be available on Traeger’s Facebook and YouTube pages, with recorded access for those who cannot attend. As the leader in wood pellet grills, Traeger offers versatile cooking options that appeal to all skill levels, enhanced by their wood pellets, rubs, sauces, and meal kits.

Traeger, Inc. (NYSE: COOK) reported a 30.8% revenue increase in Q4 2021, totaling $174.9 million. However, the net loss was $33.7 million ($0.29 per share). For the full year, total revenues reached $785.5 million, up 43.9%, yet the net loss widened to $88.8 million ($0.79 per share). The company projects 2022 revenues of $800-$850 million due to anticipated inflation and geopolitical turmoil affecting consumer sentiment.

Despite challenges, Traeger remains optimistic about long-term growth and market penetration.

Traeger, Inc. (NYSE: COOK) will release its fourth quarter and full year 2021 financial results after market close on March 23, 2022. A conference call will be held at 4:30 p.m. ET the same day to discuss these results. Investors can join the call by dialing (646) 904-5544 or (929) 526-1599 for international participants, using conference ID 606484. A replay will be available post-call until March 31, 2022. Traeger is known for its wood pellet grills and related cooking products, emphasizing versatility and flavor.

Traeger, Inc. (NYSE: COOK), the wood pellet grill leader, will participate in a fireside chat at the 24th Annual ICR Conference on January 10, 2022, at 11:30 am ET. The chat will be led by CEO Jeremy Andrus and CFO Dominic Blosil, and will be available for live streaming on the company's Investor Relations website. Traeger specializes in versatile, wood-fired cooking systems that allow users to grill, smoke, bake, roast, and barbecue.

Traeger, Inc. (COOK) reported a 11.7% increase in total revenue for Q3 FY21, totaling $162.0 million. The gross profit margin dropped to 33.5% from 45.3% due to rising freight and logistics costs. A significant net loss of $89.2 million was attributed to equity-based compensation linked to the IPO. Adjusted EBITDA stood at $4.1 million. The company maintains its revenue guidance of $760 million to $770 million for FY21 despite ongoing supply chain challenges. Traeger launched a direct-to-consumer meal offering, Traeger Provisions, aiming for enhanced market opportunities.

Traeger Grills (NYSE: COOK) launched Traeger Provisions, a new cooking experience offering meal boxes with premium ingredients and instructions for easy preparation. These boxes cater to 4-16 people and include options like Wagyu beef brisket and Berkshire St. Louis ribs, priced between $100 and $300. With a market opportunity of $20 billion, Traeger anticipates reaching 1 million customers. Following a successful test phase, 92% of consumers expressed intent to repurchase.