===Traeger (COOK) reported earnings on Thur 7 March 24 (a/h)

 

Traeger misses by $0.04, beats on revs; guides Q1 revs below consensus; guides FY24 revs below consensus 

• Reports Q4 (Dec) loss of $0.08 per share, excluding non-recurring items, $0.04 worse than the FactSet Consensus of ($0.04); revenues rose 18.4% year/year to $163.5 mln vs the $153.89 mln FactSet Consensus.
• Gross margin of 36.8%, up 230 basis points compared to prior year.
• Co issues downside guidance for Q1, sees Q1 revs of $140-$145 mln vs. $157.63 mln FactSet Consensus. Adjusted EBITDA is expected to be between $21 million and $24 million.
• Co issues downside guidance for FY24, sees FY24 revs of $580-$605 mln vs. $608.33 mln FactSet Consensus. Adjusted EBITDA is expected to be between $62 million and $71 million.