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Traeger reports Q1 EPS 5c, consensus 4c

Reports Q1 revenue $143.28M, consensus $140.63M. Jeremy Andrus, CEO of Traeger (COOK), commented, “Our first quarter results were largely inline with our expectations. During the quarter, our grills business grew 13% which benefited from increased consumer demand and the launch of our new Woodridge series of wood pellet grills. The successful launch of Woodridge in the quarter speaks to our organization’s strong product development engine and our commitment to bringing innovation to the outdoor cooking market. Offsetting the growth in grills was pressure on our accessories revenues due to continued challenges at MEATER. We will continue to implement strategic actions to stabilize MEATER’s sales and profitability.”

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