Traeger, Inc. (COOK) Misses Q3 EPS by 1c; Guides Revenue Lower

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Go back to Traeger, Inc. (COOK) Misses Q3 EPS by 1c; Guides Revenue Lower

Traeger Announces Third Quarter Fiscal 2022 Results

November 9, 2022 4:05 PM EST

Updates Outlook for Full Year 2022

SALT LAKE CITY--(BUSINESS WIRE)-- Traeger, Inc. ("Traeger" or the "Company") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced its financial results for the three months ended September 30, 2022.

Third Quarter FY 22 Highlights

Total revenues decreased 42.1% to $93.8 million Gross profit margin of 27.7% or 29.4% excluding $1.6 million of one-time restructuring costs Net loss of $210.4 million, including a non-cash impairment charge of $109.8 million; net loss of $1.75 per share Adjusted net loss of $25.7... More