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Traeger (COOK)
NYSE:COOK
Holding COOK?
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.08Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -19.24%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong return to revenue growth, significant improvements in profitability, and increased financial guidance, indicating positive business momentum. However, challenges such as a decline in accessories and consumables revenues and a net loss were also noted, reflecting a mixed performance across different segments.Company Guidance
During the Traeger Q3 2024 earnings call, the company provided updated financial guidance reflecting stronger-than-anticipated performance. Traeger reported a 4% increase in revenue, reaching $122 million, with grill revenues up 32% to $75 million. The company's gross margin improved by 440 basis points to 42.3%, driven by reduced supply chain costs and margin optimization efforts. As a result, adjusted EBITDA saw a significant increase to $12 million from last year's $5 million. Traeger revised its fiscal 2024 guidance, expecting sales between $595 million and $605 million and adjusted EBITDA between $78 million and $81 million, while raising its full-year gross margin outlook to 41.8% to 42.3%. The company also noted strong consumer demand for grills priced below $1,000 and acknowledged challenges in the accessories category, particularly with MEATER. Despite a mixed consumer demand backdrop, Traeger expressed confidence in its strategic positioning and potential for growth in the coming years through product innovation and brand engagement.Return to Revenue Growth
Revenue grew by 4% with the grill category increasing by 32% compared to the prior year.
Improved Profitability and Gross Margin
Third quarter gross margin expanded by 440 basis points to 42.3%, driven by lower supply chain costs and margin enhancement initiatives.
Adjusted EBITDA Performance
Adjusted EBITDA improved to $12 million from $5 million last year, with a significant margin expansion of 610 basis points.
Increased Financial Guidance
Fiscal 2024 sales guidance increased to $595 million to $605 million and adjusted EBITDA guidance raised to $78 million to $81 million.
Brand Awareness Growth
Traeger's unaided brand awareness increased by approximately 20% compared to 2022.
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COOK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COOK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.17 | $3.27 | +3.15% |
| Aug 06, 2024 | $2.29 | $2.85 | +24.45% |
| May 08, 2024 | $2.28 | $2.40 | +5.26% |
| Mar 07, 2024 | $2.36 | $2.04 | -13.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Traeger (COOK) report earnings?
Traeger (COOK) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Traeger (COOK) earnings time?
Traeger (COOK) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COOK EPS forecast?
COOK EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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