secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001857853-22-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q4 revenue up 30.8% to $174.9M; full year revenue beats guidance; 2022 outlook cautious
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- Q4 revenue $174.9M (+30.8% YoY); grill revenue $100.7M (+9.3%), accessories $48.1M (+424.5% from MEATER acquisition).
- Q4 net loss $33.7M (-$0.29/sh) vs $3.3M loss prior year; adjusted net income $3.6M ($0.03/sh, flat YoY).
- Full year revenue $785.5M, up 43.9%, exceeding guidance of $760-770M; adjusted EBITDA $109.0M beat $103-108M range.
- Gross margin down 80 bps to 37.4% on higher freight and warehousing costs, partly offset by price increases.
- CEO projects 'lower than typical growth' in 2022, citing near-term headwinds but new product innovation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785322000020/0001857853-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785322000020/tra-20220323.htm
  HTML page:      https://secwatch.observer/filing/0001857853-22-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer