secwatch.observer — SEC 8-K summary
======================================

Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001857853-23-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q4 revenues down 21% to $138.1M; full-year net loss $382.1M includes $222.3M impairment
--------------------------------------------------------------------------------

- Q4 revenues $138.1M (-21% YoY); grills revenue down 52% to $48.3M, accessories up 36% to $65.4M via MEATER.
- Full-year net loss $382.1M includes $222.3M goodwill impairment; adjusted EBITDA $41.5M, above guidance.
- Q4 adjusted net loss $8.3M ($0.07/sh) vs prior year adj. net income $2.9M ($0.02/sh); gross margin 34.5% vs 37%.
- Provides 2023 outlook: expects return to topline growth in H2 as channel inventories normalize; targets adj. EBITDA growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785323000015/0001857853-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785323000015/tra-20230316.htm
  HTML page:      https://secwatch.observer/filing/0001857853-23-000015

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