Traeger Announces Fourth Quarter and Full Year 2024 Results
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Traeger, Inc. (NYSE: COOK) reported its Q4 and full-year 2024 financial results, showing a 3.2% increase in total revenues to $168.6 million and a significant 30.2% rise in grill revenues. The company also improved its gross margin by 410 basis points, though it reported a net loss of $7.0 million, down from $24.0 million the previous year.
March 06, 2025 | 9:15 pm
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Traeger, Inc. reported a 3.2% increase in total revenues and a 30.2% rise in grill revenues for Q4 2024. The company improved its gross margin by 410 basis points but still faced a net loss of $7.0 million, reduced from $24.0 million the previous year.
The increase in revenues and significant improvement in grill sales are positive indicators for Traeger, suggesting potential growth and market strength. The improved gross margin also indicates better cost management. Despite the net loss, the reduction from the previous year is a positive trend, likely to have a favorable short-term impact on the stock price.
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