secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001857853-22-000135
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q3 revenue down 42% to $93.8M; net loss $210.4M; lowers FY outlook
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- Total revenue $93.8M vs $162.0M YoY (-42.1%); net loss $210.4M ($1.75 per diluted share).
- Adjusted net loss $25.7M ($0.21 per share); adjusted EBITDA loss $12.5M vs +$4.1M last year.
- Grills revenue down 64.2% to $39.0M; consumables -10.3%; accessories +17.7% driven by MEATER.
- Recorded $109.8M non-cash goodwill impairment and $8.0M restructuring costs.
- Full-year 2022 outlook expected at low end or slightly below prior guidance due to macro uncertainty and retail destocking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785322000135/0001857853-22-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785322000135/tra-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001857853-22-000135

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