Traeger, Inc. ( (COOK) ) has released its Q1 earnings. Here is a breakdown of the information Traeger, Inc. presented to its investors.
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Traeger, Inc., headquartered in Salt Lake City, is a leading innovator in the outdoor cooking industry, known for its wood pellet grills that offer versatility in grilling, smoking, baking, roasting, braising, and barbecuing. In its first quarter fiscal 2025 results, Traeger reported a slight decline in total revenues by 1.1% to $143.3 million, with a net loss of $0.8 million or $0.01 per share. Despite this, the company saw a significant increase in grill revenues by 12.8% to $86.7 million, driven by the successful launch of the new Woodridge series, although accessory revenues faced challenges. The company is actively implementing strategic actions to mitigate the impact of tariffs and protect its financial health, including supply chain savings, cost reductions, and strategic pricing actions. Looking ahead, Traeger is navigating a dynamic macroeconomic environment and has withdrawn its financial guidance for fiscal 2025 due to uncertainties in trade policy and consumer sentiment, while continuing to focus on maximizing cash flow and maintaining balance sheet health.