Traeger earnings: CEO talks headwinds facing grilling industry [Yahoo! Finance]
Traeger, Inc. (COOK)
Company Research
Source: Yahoo! Finance
Traeger CEO Jeremy Andrus says the company "had a solid quarter in a tough environment." "High-ticket consumer durables is a tough space to be in in the moment," Andrus told Yahoo Finance. Andrus highlights a few reasons why the grilling sector is facing headwinds right now, including demand being pulled forward due to the pandemic and high interest rates. Overall, he calls the grilling industry "resilient," given that "Americans have always cooked outdoors." He expects that "as interest rates come down" the category will return to growth, which he expects will happen in 2025. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
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- Analysts Expect Breakeven For Traeger, Inc. (NYSE:COOK) Before Long [Yahoo! Finance]Yahoo! Finance
- Traeger, Inc. (NYSE: COOK) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $4.50 price target on the stock.MarketBeat
- 9 Tips for Keeping the Kitchen Clean While Cooking [CNET News]CNET News
COOK
Earnings
- 3/7/24 - Beat
COOK
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- COOK's page on the SEC website