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Traeger Announces Fourth Quarter and Full Year 2024 Results

1. Traeger, Inc.'s revenues increased by 3.2% to $168.6 million for Q4 2024. 2. Grill revenues surged 30.2%, indicating strong demand in the wood pellet grill sector.

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FAQ

Why Bullish?

The significant growth in grill revenues and improved gross margins suggest strong demand and operational efficiency, similar to previous instances where new product launches in the grilling sector led to stock price increases. Additionally, the reduction in net loss indicates better financial health.

How important is it?

The article provides critical financial metrics that can significantly influence investor perception and stock performance, especially given the current competition within the consumer appliances sector.

Why Short Term?

The quarterly results can influence immediate investor sentiment and stock performance, as the report highlights positive growth trends that the market often reacts to swiftly.

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BBQGIIIDAN
SALT LAKE CITY--(BUSINESS WIRE)--Traeger, Inc. ("Traeger" or the "Company") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter Highlights Total revenues increased 3.2% to $168.6 million Grill revenues increased 30.2% to $78.0 million Gross margin of 40.9%, up 410 basis points compared to prior year Net loss of $7.0 million compared to $24.0 million in the prior year Adj.

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