Traeger, Inc. Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2024
March 07, 2024 at 04:05 pm EST
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Traeger, Inc. provided earnings guidance for the first quarter and full fiscal year 2024. For the first quarter, the company's total revenue is expected to be between $140 million and $145 million.
For full fiscal year 2024, the company's total revenue is expected to be between $580 million and $605 million.
Traeger, Inc. designs, sources, sells, and supports wood pellet fueled barbecue grills sold to retailers, distributors, and direct to consumers. The Company's integrated platform has six types of products: wood pellet grills, gas griddles, grilling accessories, digital content, the Traeger app and consumables. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories (including P.A.L. Pop-And-Lock accessory rails, grill covers, liners, tools, MEATER smart thermometers, apparel and other ancillary items). Its flagship wood pellet grills are Internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app. It offers live-streaming cooking classes to consumers through its Traeger Kitchen Live series. It offers Shop Class: Private Table, which is a series of shop classes. It produces a library of digital content, including instructional recipes and videos.