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Traeger Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Traeger, Inc. (COOK) 
Company Research Source: Yahoo! Finance
and category leader of the wood pellet grill, today announced its financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter Highlights Total revenues increased 18.3% to $163.5 million Gross margin of 36.8%, up 230 basis points compared to prior year Net loss of $24.0 million; net loss of $0.19 per share Adjusted net loss of $9.5 million; adjusted net loss of $0.08 per share Adjusted EBITDA of $13.0 million, up 82% compared to the prior year Full Year 2023 Highlights Total revenues decreased 7.6% to $605.9 million, exceeding prior guidance of $590 million to $600 million Gross margin of 36.9%, up 200 basis points compared to prior year Net loss of $84.4 million; net loss of $0.68 per share Adjusted net loss of $27.0 million; adjusted net loss of $0.22 per share Adjusted EBITDA of $61.1 million, up 47% compared to prior year Cash provided by operating activities of $64.0 million "I am pleased with our fourth quarter results, wh Show less Read more
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