secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001857853-24-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q1 revenue $144.9M (-5.4% YoY); gross margin 43.2% (+700bps); reiterates FY guidance
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- Revenue of $144.9M at high-end of $140-145M guide; down 5.4% YoY due to softer grill demand.
- Gross margin 43.2% vs 36.2% prior year, highest since going public, driven by freight and pellet mill optimization.
- Net loss $4.7M ($0.04/shr) vs $10.9M loss ($0.09/shr) YoY; adjusted net income $4.7M ($0.04/shr).
- Adjusted EBITDA $24.4M, up 11.2% YoY from $21.9M.
- Grills revenue $76.8M (-14.4% YoY); consumables +7.4%, accessories +7.4% led by MEATER thermometers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785324000046/0001857853-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785324000046/tra-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001857853-24-000046

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