Overview

* Traeger ( COOK ) Q3 FY25 revenue grows 2.7%, beating analysts' expectations

* Net loss widens to $89.8 mln, due to $74.7 mln goodwill impairment

* Adjusted EBITDA for Q3 FY25 beats analysts' estimates

Outlook

* Company reiterates FY25 revenue guidance of $540 mln to $555 mln

* Traeger ( COOK ) expects FY25 gross margin between 40.5% and 41.5%

* Company targets $50 mln in annualized cost savings from Project Gravity

Result Drivers

* GRILL REVENUE - Growth in average selling price drives 2.2% increase in grill revenues, despite lower unit volume

* CONSUMABLES GROWTH - Wood pellet sales boost consumables revenue by 12.3%, offsetting decline in food consumables

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $125.40 $110.70

Revenue mln mln (8

Analysts

)

Q3 EPS -$0.67

Q3 Miss -$22.30 -$5.27

Adjusted mln mln (7

Net Analysts

Income )

Q3 Net -$89.82

Income mln

Q3 Beat $13.80 $10.20

Adjusted mln mln (7

EBITDA Analysts

)

Q3 Gross 38.70%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the appliances, tools & housewares peer group is "buy."

* Wall Street's median 12-month price target for Traeger Inc ( COOK ) is $1.50, about 39.6% above its November 4 closing price of $0.91

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)