Sizzling out? As peak barbecue season begins, fewer Americans are buying grills [CNN]
Traeger, Inc. (COOK)
Company Research
Source: CNN
The grill business saw a massive pandemic-era buying binge, but is now facing consumers worried about inflated meat prices , high interest rates and uncertainty. Many feel no need to upgrade fairly recent purchases. Market leaders like higher-end grill manufacturer Traeger, once a pandemic darling, reported its latest quarter's grill sales at $76.8 million — a plunge from the $156.1 million the company raked in during the second quarter of 2021. Best-selling outdoor cooker brand Weber has also seen unit shares decline since 2020, according to data from Traqline. (Weber did not respond to CNN's request for comment.) Retailer Home Depot also reported pressure in big-ticket patio and garden equipment, including grills, during its first quarter earnings call in May as the company reported overall dips in sales and earnings. And it's not just the big brands. Local stores that sell grills and other backyard cooking gear similarly reported demand slacking off. “It's trending down,”
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News
- All the best 4th of July sales you can shop right now, according to our shopping experts [CBS News]CBS News
- Sizzling out? As peak barbecue season begins, fewer Americans are buying grills [Yahoo! Finance]Yahoo! Finance
- Traeger grills are on sale for 4th of July [CBS News]CBS News
- I Found the Fastest, Cleanest Way to Make a Bacon Cheeseburger [CNET News]CNET News
- The best BBQ smokers for summer [MSNBC.com]MSNBC.com
COOK
Earnings
- 5/8/24 - Beat
COOK
Sec Filings
- 6/17/24 - Form 8-K
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- COOK's page on the SEC website