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, Inc. (NYSE: COOK) has appointed Steven P. Richman, the Group President of Milwaukee Tool, to its Board of Directors effective October 3, 2022. Richman will also serve on the Compensation Committee. CEO Jeremy Andrus expressed confidence that Richman's extensive operational expertise and proven success in driving growth will help Traeger enhance its strategy in the grilling category. Richman brings over 25 years of experience from notable companies, including Black and Decker and Bosch Power Tools, aiming to leverage this knowledge to benefit Traeger’s stakeholders.
Traeger, Inc. (NYSE: COOK) has announced the promotion of two key executives: Jim Hardy as Chief Operating Officer and Cole VandenAkker as Chief Sales Officer. Both promotions recognize their significant contributions to the company. Jim Hardy, with over 35 years of operations expertise, previously served as Chief Supply Chain Officer, while Cole VandenAkker has led Traeger's sales growth since 2020. These strategic appointments aim to enhance operational excellence and drive continued growth in a competitive market.
Traeger, Inc. (NYSE: COOK) announced a 6.0% revenue drop to $200.3 million for Q2 2022, with a significant net loss of $132.3 million, including a $111.5 million impairment charge. Adjusted EBITDA fell to $17.9 million. The company faces ongoing macroeconomic challenges affecting consumer demand, leading to a reduction in 2022 revenue guidance to $640-$660 million. In response, Traeger has initiated cost reduction measures expected to save $20 million annually and adjust inventory levels to align with demand. CEO Jeremy Andrus remains optimistic about long-term growth opportunities.
Traeger, Inc. (NYSE: COOK) will release its second quarter fiscal 2022 financial results on August 10, 2022, after market close. A conference call hosted by management will take place at 4:30 p.m. Eastern Time to discuss these results. Interested participants can join by dialing (844) 200-6205 or +1 (929) 526-1599 for international calls. A replay of the call will be available until August 17, 2022. Traeger, based in Salt Lake City, is a leader in the wood pellet grill market, providing a range of outdoor cooking solutions.
Traeger, Inc. (NYSE: COOK) will feature its CEO Jeremy Andrus, CFO Dominic Blosil, and VP of Investor Relations Nick Bacchus in a fireside chat at the 2022 Baird Global Consumer, Technology and Services Conference. The event is scheduled for June 8, 2022, at 10:15 AM ET in New York City. A live audio webcast will accompany the presentation, with a replay available for 90 days on Traeger's Investor Relations website.
Traeger is the leading maker of wood pellet grills, promoting wood-fired cooking for all skill levels.
Traeger, Inc. (NYSE: COOK) reported a 5.0% decrease in total revenues for Q1 FY 22, totaling $223.7 million, with a gross profit margin of 37.4%, down 530 basis points year-over-year. The company experienced a net loss of $8.4 million ($0.07 per share), a sharp contrast to a net income of $38.9 million in the prior year. Adjusted net income stood at $20.0 million ($0.17 per share). Despite these challenges, Traeger anticipates 2022 revenues between $800 million and $850 million amid ongoing supply chain issues and inflation pressures.
Traeger, Inc. (NYSE: COOK) will release its first quarter fiscal 2022 financial results on
Traeger, Inc. (NYSE: COOK) has unveiled its new Timberline grill, emphasizing consistency, convenience, and versatility. This advanced grill incorporates a smart combustion system for precision temperature control, along with features like a full-color touchscreen and WiFIRE technology for remote monitoring. Priced at
Traeger, Inc. (NYSE: COOK) announced a public livestream on March 30, 2022, at 12:30 PM ET, showcasing the future of outdoor cooking. This event will be available on Traeger’s Facebook and YouTube pages, with recorded access for those who cannot attend. As the leader in wood pellet grills, Traeger offers versatile cooking options that appeal to all skill levels, enhanced by their wood pellets, rubs, sauces, and meal kits.
Traeger, Inc. (NYSE: COOK) reported a 30.8% revenue increase in Q4 2021, totaling $174.9 million. However, the net loss was $33.7 million ($0.29 per share). For the full year, total revenues reached $785.5 million, up 43.9%, yet the net loss widened to $88.8 million ($0.79 per share). The company projects 2022 revenues of $800-$850 million due to anticipated inflation and geopolitical turmoil affecting consumer sentiment.
Despite challenges, Traeger remains optimistic about long-term growth and market penetration.
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