Welcome to our dedicated page for Traeger news (Ticker: COOK), a resource for investors and traders seeking the latest updates and insights on Traeger stock.
Traeger, Inc. (symbol: COOK) is a leading company in the outdoor cooking industry, renowned for its innovative wood pellet grills. Established in Oregon in the 1990s, Traeger has grown from a niche product to a household name, beloved by food enthusiasts for its ability to deliver unique, rich flavors through natural wood pellets.
The company designs, sources, sells, and supports wood pellet-fueled barbeque grills, catering to retailers, distributors, and direct consumers. Traeger also produces and sells the pellets required for their grills, ensuring quality and consistency. Alongside grills and pellets, Traeger offers a range of branded rubs, spices, sauces, and grilling accessories such as covers, barbeque tools, trays, liners, and merchandise.
Core strengths of Traeger include:
- Quality and Ease-of-Use: Traeger grills are known for their superior workmanship and user-friendly design.
- Natural Wood Pellets: Traeger’s natural, safe wood pellets infuse food with amazing, rich flavors.
- Versatility: Traeger grills offer six different cooking methods—grilling, baking, smoking, slow cooking, braising, and barbecuing—making them an essential tool for any kitchen.
- Exceptional Value: Customers recognize Traeger for delivering great taste, consistently, across a wide range of foods.
The company's operations span multiple geographical segments, with the majority of revenue generated from North America. Traeger's commitment to quality and innovation has led to numerous partnerships and projects aimed at enhancing the outdoor cooking experience.
Recent developments at Traeger include advances in grill technology and expanding their product lineup to meet growing customer demand globally. With a strong financial foundation and a clear focus on customer satisfaction, Traeger continues to be a leader in the outdoor cooking industry, bringing exceptional taste and quality to backyards around the world.
Latest News:Source: Traeger, Inc.
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Traeger (NYSE: COOK) announced it will release its third quarter fiscal 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results. Participants can join via phone or webcast, with replay options available until November 20, 2024. The webcast replay will remain accessible on Traeger's investor website for approximately one year.
Traeger, the leading wood pellet grill manufacturer (NYSE: COOK), has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. Key executives, including CEO Jeremy Andrus, CFO Dominic Blosil, and VP of Investor Relations Nick Bacchus, will engage in a fireside chat on Tuesday, August 13th at 10:00 AM Eastern Time.
Investors and interested parties can access a live webcast of the discussion, with a replay available for 90 days afterward. The event can be viewed on the Events page of Traeger's Investor Relations website at https://investors.traeger.com. This participation underscores Traeger's commitment to investor engagement and transparency in its growth strategy.
Traeger (NYSE: COOK) reported its Q2 FY 2024 financial results, highlighting a mixed performance. Total revenues decreased by 1.8% to $168.5 million, while grill revenues increased by 2.0% to $95.0 million. However, consumables and accessories revenues declined by 3.1% and 8.8%, respectively.
The gross margin improved significantly by 600 basis points to 42.9%, leading to a net loss reduction of 91.5% to $2.6 million. Adjusted EBITDA rose by 24.9% to $26.8 million.
North American revenue declined by 4.6%, while revenue from the rest of the world surged by 31.9%. Operating expenses showed a mixed trend, with general and administrative expenses decreasing mainly due to lower stock-based compensation.
With these results, Traeger has updated its FY 2024 guidance, projecting total revenue between $590 million and $605 million, gross margin between 40.5% and 41.5%, and Adjusted EBITDA between $74 million and $79 million.
Traeger (NYSE: COOK), the wood pellet grill pioneer, has announced its schedule for releasing second quarter fiscal 2024 financial results. The company will disclose its financial performance after the market closes on Tuesday, August 6, 2024. Following the release, management will host a conference call at 4:30 p.m. Eastern Time to discuss the results.
Interested parties can participate in the call by dialing (833) 470-1428 (US) or +1 (929) 526-1599 (international) with conference ID 801709. A live webcast will also be available on Traeger's investor relations website. For those unable to join, a replay will be accessible via phone and web for approximately two weeks after the call.
Traeger, Inc. (NYSE: COOK) reported its first quarter fiscal 2024 results, with total revenues decreasing slightly, gross margin improving, and adjusted EBITDA increasing. The company reiterated its full year 2024 guidance despite soft grill demand. Traeger remains focused on financial and operational improvement, aiming for long-term growth.
Sanuk, a division of Deckers Brands, has collaborated with Traeger, Inc., to launch a -edition shoe inspired by barbecue culture, the Happy Hour Lite x Traeger. The shoe features sauce-repellent material, a removable beverage opener, and Traeger-inspired design elements. Priced at $75, the collection is available exclusively on Sanuk.com. The partnership reflects both brands' commitment to outdoor lifestyle and quality products.
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