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 +6.56% change in stock price 10 days leading up to the earnings, and a +2.36% change 10 days following the report. On the earnings day itself, the stock moves by -2.71%. 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
168.64M
3.16%
38.17%
Gross Margin
--
--
--
Operating Margin
--
--
--
Net Margin
--
--
--
EPS
--
--
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No Data Available
COOK Earnings Analysis
Traeger Inc Corporation (COOK.N) Earnings Conference Call
Positive
Q4 Revenue Growth: Traeger, Inc. reported a solid finish to the year with a 3% revenue growth in Q4 2024, driven by a 30% increase in grill sales and a 25% increase in consumables.
Gross Margin Improvement: The company achieved a significant gross margin improvement of 410 basis points year-over-year, resulting in an adjusted EBITDA of $18 million, which is a 41% increase from Q4 2023.
Grill Revenue Increase: In 2024, Traeger saw an 8% increase in grill revenues for the year, exceeding initial expectations, attributed to strong consumer reception and effective promotional strategies.
Successful Product Launch: The launch of the new Woodridge series of wood pellet grills was highlighted as the best launch in the company's history, generating over 1.2 billion impressions and strong early sell-through.
Market Expansion Strategy: Traeger expanded its consumables distribution by launching products at Walmart, which is expected to capture new market share and meet consumer demand for easy access to pellets and rubs.
Brand Presence and Engagement: The company maintained a strong brand presence, leading the outdoor cooking industry in social media engagement and growing its household penetration to 3.6%.
Strategic Brand Partnerships: Traeger’s strategic partnerships with brands like Made In and Bulleit Frontier Whiskey helped enhance brand awareness and engagement during the holiday season.
Long-Term Growth Confidence: Despite challenges in the accessories segment, Traeger remains confident in its long-term growth strategy and brand positioning, particularly for the Meater product line.
Negative
Accessories Revenue Decline: Accessories revenue declined by 24% to $60 million, primarily due to negative sales growth at Meater, which did not meet expectations despite increased marketing spend.
Market Competition Challenges: Meater's underperformance was attributed to heightened competition in the meat probe space and a slowdown in the meat thermometer category, leading to a tougher demand backdrop.
Meater Performance Outlook: The company anticipates continued softness in Meater's performance in 2025, indicating that improvements from strategic changes will take time to materialize.
Revenue Guidance Outlook: Fiscal year 2025 guidance projects revenues to be down 2% to up 2%, reflecting uncertainty in the macroeconomic environment and tough year-over-year comparisons.
Tariff Impact on Revenue: The company is facing potential impacts from recently enacted tariffs, which are not included in the current revenue guidance, adding to the uncertainty of future performance.
Operating Expenses Increase Impact: Operating expenses are expected to increase by approximately $7 million in fiscal year 2025 due to a shift in compensation structure, negatively impacting adjusted EBITDA.
Cash Decrease Analysis: The company ended the year with $15 million in cash, down from $30 million at the end of 2023, indicating a decrease in liquidity.
Financial Challenges Persist: Despite a net loss of $7 million in Q4 2024, the company reported an adjusted net income of only $2 million, highlighting ongoing financial challenges.
COOK FAQs
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COOK Earning Call Sentiment
Traeger, Inc. (NYSE:COOK) Q4 2024 Earnings Call Transcript
COOK.N
2.42%Positive
Despite positive growth in grill and consumables revenues, the underperformance of the Meater line and lack of detailed guidance suggest caution. Improved margins and EBITDA are positives, but the lack of share repurchase and high net debt are concerns. The Q&A reveals uncertainty in Meater performance and cautious forecasts, contributing to a neutral sentiment. The absence of new partnerships or significant shareholder returns further supports a neutral outlook.
