secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001857853-22-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q1 revenue $223.7M (-5% YoY), net loss $8.4M, reiterates FY outlook
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- Total revenue $223.7M, down 5% YoY; grill revenue fell 15.8% to $150.4M on lower unit volumes.
- Gross margin 37.4% vs 42.7% last year, pressured by higher inbound freight costs.
- Net loss $8.4M ($0.07 loss per share) vs net income $38.9M ($0.36) a year ago.
- Adjusted net income $20.0M ($0.17/share); adjusted EBITDA $30.9M vs $64.1M last year.
- Company reiterates full-year 2022 guidance despite Q1 results ahead of prior expectations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785322000060/0001857853-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785322000060/tra-20220511.htm
  HTML page:      https://secwatch.observer/filing/0001857853-22-000060

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