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. reports developments tied to its outdoor cooking platform, including wood pellet grills, griddles, hardwood pellets, rubs, sauces, accessories and MEATER smart thermometers. Company news commonly covers product launches such as new grill and griddle series, updates to connected cooking features, and the positioning of Traeger products across backyard cooking use cases.
Traeger news also includes operating and financial results, consumables performance, cost optimization initiatives such as Project Gravity, capital-structure actions and governance matters. Updates often connect brand, product innovation, inventory discipline, cash generation and profitability initiatives within the company’s consumer products business.
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.
Traeger, Inc. (NYSE: COOK) will announce its third quarter 2021 financial results on November 15, 2021, post-market. A conference call will follow at 4:30 p.m. Eastern Time to discuss these results. Interested parties can join the call by calling (646) 904-5544 or (844) 200-6205, with conference ID 745763. A replay will be available until November 19, 2021. Traeger, based in Salt Lake City, is known for its wood pellet grills, enabling versatile outdoor cooking options.
Traeger, Inc. (COOK) reported a 39.1% revenue increase for Q2 FY21, totaling $213 million, despite a net loss of $4.9 million. The gross margin stood at 39.1%, down from 43.5% the previous year due to rising shipping costs and currency fluctuations. Key growth areas included grills (up 40.1%) and accessories (up 64.8%). The company also acquired Apption Labs to expand its connected cooking platform. For FY21, Traeger expects revenues between $760 million and $770 million, with adjusted EBITDA between $103 million and $108 million, indicating a commitment to long-term growth amidst supply chain challenges.
Traeger, Inc. (NYSE: COOK) will announce its second quarter fiscal 2021 financial results after market close on September 9, 2021. Management will conduct a conference call at 4:30 p.m. Eastern Time to discuss these results. Participants can join by calling (646) 904-5544, with an international option available. A replay of the call will be accessible for a week after the event. Traeger, a leader in wood pellet grills, emphasizes the versatility of its products, allowing users to grill, smoke, bake, roast, braise, and barbecue.
Traeger, Inc. priced its initial public offering (IPO) of 23,529,411 shares at $18.00 each, with 8,823,529 shares offered by Traeger and 14,705,882 by existing stockholders. Traeger will not receive proceeds from shares sold by stockholders. Trading on the NYSE under the ticker symbol COOK is set to start on July 29, 2021, with the offering expected to close by August 2, 2021. The underwriters have a 30-day option to purchase an additional 3,529,411 shares. Major underwriters include Morgan Stanley, Jefferies, and Baird.