COOK Earnings Prediction
The chart below shows how COOK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, COOK sees a +6.82% change in stock price 10 days leading up to the earnings, and a +4.68% change 10 days following the report. On the earnings day itself, the stock moves by -2.61%. This data can give you a slight idea of what to expect for the next quarter's release.
COOK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
122.05M
3.67%
-27.55%
Gross Margin
35.12%
15.56%
-6.84%
Operating Margin
-6.09%
-52.08%
-313.68%
Net Margin
-16.21%
-0.92%
959.48%
EPS
-0.15
-6.25%
650.00%
No Data Available
COOK Earnings Analysis
Traeger, Inc. Corporation (COOK.N) Earnings Conference Call
Positive
Grill Category Surge: 1. Revenue Growth: Traeger reported a 4% increase in revenue for Q3 2024, driven by a remarkable 32% growth in the grills category compared to the prior year.
Profit Margin Expansion: 2. Improved Profitability: The company's gross margin expanded by 440 basis points to 42.3%, resulting in an adjusted EBITDA of $12 million, significantly up from $5 million in Q3 2023.
Fiscal 2024 Revenue Guidance: 3. Increased Financial Guidance: Traeger raised its fiscal 2024 revenue guidance to a range of $595 million to $605 million, reflecting confidence in continued growth, particularly in the grills segment.
Grill Sell-Through Success: 4. Strong Sell-Through Performance: The company experienced better-than-expected sell-through of grills during the peak season, leading to healthy channel inventories and increased retail partner replenishment.
Brand Awareness Increase: 5. Enhanced Brand Awareness: Traeger's unaided brand awareness increased by approximately 20% compared to 2022, indicating strong brand loyalty and market presence despite a challenging industry environment.
Negative
Accessories Revenue Decline: 1. Decline in Accessories Revenue: Accessories revenues decreased by 31% to $25 million, primarily due to lower sales at MEATER and a decline in Traeger branded accessories.
Quarterly Net Loss: 2. Net Loss: The company reported a net loss of $20 million for the third quarter, compared to a net loss of $19 million in the same period last year.
Consumables Revenue Drop: 3. Consumables Revenue Decline: Consumables revenues fell by 11% to $23 million, attributed to revenue pacing shifts in the pellet business despite healthy underlying demand trends.
International Revenue Decline: 4. Weak International Performance: Revenues from the Rest of World segment dropped by 40%, negatively impacted by a reduction in sales related to a European product partnership with MEATER.
Cash Position Decline: 5. Cash Position Deterioration: Cash and cash equivalents decreased to $17 million at the end of the third quarter, down from $30 million at the end of the previous fiscal year.
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COOK Earning Call Sentiment
Traeger, Inc. (COOK) Q3 2024 Earnings Call Transcript
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00:00
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COOK.N
-0.78%Positive
The earnings call reveals mixed signals: strong grill revenue and improved margins are positive, but high debt, declining consumables and accessories revenue, and lack of shareholder return plans are concerns. The Q&A shows cautious optimism but lacks clear guidance, and inventory risks persist. The guidance is optimistic, but the net loss and debt levels are concerning. Overall, the lack of strong catalysts or significant negative factors suggests a neutral stock movement prediction.