Traeger Inc reports Q4 revenue increase of 18.3% to $163.5M, but full-year revenue declines 7.6% to $605.9M.

Traeger Inc (COOK) reports Q4 revenue increase of 18.3% to $163.5M, but full-year revenue declines 7.6% to $605.9M. Gross margin improves to 36.8% in Q4 and 36.9% for the year. Net loss stands at $24M in Q4 and $84.4M for the year. Adjusted EBITDA grows 82% in Q4 to $13M and 47% for the year to $61.1M. For 2024, the company expects total revenue between $580M and $605M, with a gross margin between 39% and 40%.

March 08, 2024
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