Traeger: Fourth Quarter Financial Overview

Traeger Inc. Reports Fourth Quarter Financial Results

Traeger Inc., headquartered in Salt Lake City, announced a net loss of $17.2 million for its fourth quarter.

The company recorded a loss of $0.13 per share. After accounting for special items, adjusted earnings were $0.01 per share.

These earnings did not meet analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated earnings of $0.02 per share.

Despite the earnings miss, Traeger’s revenue for the quarter reached $145.4 million, surpassing the $138.1 million forecasted by analysts surveyed by Zacks.

For the full year, Traeger reported a total loss of $115.2 million, or $0.87 per share, with annual revenue amounting to $559.5 million.

Looking ahead, the company projects revenue between $92 million and $97 million for the quarter ending in March. For the entire year, Traeger expects revenue to fall within the range of $465 million to $485 million.

Financial data for this report was sourced from Zacks Investment Research and compiled by Automated Insights.