Traeger Announces First Quarter Fiscal 2024 Results
Traeger, Inc. (COOK)
Company Research
Source: Business Wire
Reiterates Outlook for Full Year 2024 SALT LAKE CITY--(BUSINESS WIRE)--Traeger, Inc. ("Traeger" or the "Company") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced its financial results for the three months ended March 31, 2024.First Quarter FY 24 HighlightsTotal revenues decreased 5.4% to $144.9 million, at the higher-end of guidance of $140 million to $145 millionGross margin of 43.2%, up 700 basis points compared to prior yearNet loss of $4.7 million; net loss of $0.04 per shareAdjusted net income of $4.7 million; adjusted net income of $0.04 per shareAdjusted EBITDA of $24.4 million, up 11.2% compared to prior yearReiterates FY 2024 guidance"In the first quarter, we executed on our plan and delivered revenue and Adjusted EBITDA results at the high-end of our guidance range," said Jeremy Andrus, Chief Executive Officer of Traeger. "As we anticipated, consumer demand for grills remained soft in the first quarter. Despite facing a challenging dema
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Earnings
- 5/8/24 - Beat
COOK
Sec Filings
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/3/24 - Form 4
- COOK's page on the SEC website