Traeger Announces Third Quarter Fiscal 2024 Results
Traeger, Inc. (COOK)
Company Research
Source: Business Wire
Increases 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 September 30, 2024.Third Quarter FY 24 HighlightsTotal revenues increased 3.7% to $122.1 millionGrill revenues increased 32.5% to $74.9 millionGross margin of 42.3%, up 440 basis points compared to prior yearNet loss of $19.8 million compared to net loss of $19.3 million in the prior yearAdjusted EBITDA of $12.3 million, up from $4.7 million in the prior yearRaises low-end of FY 2024 revenue guidance rangeIncreases FY 2024 gross margin and Adjusted EBITDA guidance"Traeger delivered third quarter results which were ahead of our expectations and which demonstrate our team's commitment to execution," commented Jeremy Andrus, CEO of Traeger. "Strong sell-through of our grills drove upside in our replenishment sales in the quarter, resulting in
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News
- Yoder Smokers YS640s Hands-on: A Pellet Smoker Like No Other [CNET News]CNET News
- Traeger Inc (COOK) Q3 2024 Earnings Call Highlights: Strong Grill Sales Propel Revenue Growth ... [Yahoo! Finance]Yahoo! Finance
- Traeger, Inc. (NYSE: COOK) had its price target raised by analysts at Royal Bank of Canada from $2.50 to $2.75. They now have a "sector perform" rating on the stock.MarketBeat
- Traeger, Inc. (NYSE: COOK) had its price target raised by analysts at Canaccord Genuity Group Inc. from $6.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Traeger, Inc. (NYSE: COOK) had its price target raised by analysts at Piper Sandler from $3.50 to $3.75. They now have a "neutral" rating on the stock.MarketBeat
COOK
Earnings
- 11/6/24 - Beat
COOK
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/4/24 - Form SC
- COOK's page on the SEC website