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SALT LAKE CITY - Traeger, Inc. (NYSE:COOK) reported better-than-expected fourth quarter results on Thursday, but issued full-year 2025 guidance that fell short of analyst estimates, sending shares down 3.7% in after-hours trading.
The wood pellet grill maker posted adjusted earnings per share of $0.01 for Q4, beating the analyst consensus of breakeven. Revenue came in at $168.6 million, topping expectations of $164.79 million and rising 3.2% year-over-year.
Traeger’s grill revenues surged 30.2% to $78 million in the quarter, driven by higher unit volumes. However, accessories revenue declined 24.1% to $60 million.
For the full year 2025, Traeger forecasts revenue between $595 million and $615 million, below the $628.2 million analysts were expecting. The company projects adjusted EBITDA of $75 million to $85 million.
"I am pleased with our solid finish to Fiscal 2024," said CEO Jeremy Andrus. "In the fourth quarter, our grill revenues were better than expected, driven by healthy consumer demand at retail as well as load in of our new Woodridge series of wood pellet grills."
Traeger’s gross margin expanded to 40.9% in Q4, up from 36.8% a year ago, helped by lower freight and logistics costs.
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