Strong Fourth Quarter Performance
Fourth quarter revenue growth of 3% with significant contributions from the Grills segment, which increased by 30%, and the Consumables segment, which grew by 25%.
Gross Margin Improvement
Gross margin improved by 410 basis points in Q4 and 540 basis points for the fiscal year 2024, driven by supply chain efficiencies and reduced transportation costs.
Grill Business Growth
Grill revenue increased by 8% for the year, surpassing initial expectations, with strong consumer reception and successful promotional strategies.
Launch of Woodridge Series
Successful launch of the Woodridge series of grills, featuring significant technological innovations and achieving over 1.2 billion social media impressions.
Consumables Distribution Expansion
Entered into a new distribution partnership with Walmart for pellets and rubs, offering a new market for consumables.