COOK (Traeger) to release Q3 results on 11-9-22

[Brett-EDH]

Traeger Announces Reporting Date for Third Quarter Fiscal 2022 Financial Results
4:05 PM ET 10/19/22 | BusinessWire
SALT LAKE CITY--(BUSINESS WIRE)--October 19, 2022--

Traeger, Inc. ("Traeger") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced that it will release its third quarter fiscal 2022 financial results after market close on Wednesday, November 9, 2022. Management will host a conference call that afternoon at 4:30 p.m. Eastern Time to discuss its financial results.

Those who wish to participate in the call may do so by dialing (844) 200-6205 or +1 (929) 526-1599 for international callers, conference ID 153347. To pre-register for the conference call, please visit Traeger Third Quarter Fiscal 2022 Earnings Conference Call. The conference call will also be webcast live at https://investors.traeger.com.

For those unable to participate, a replay of the conference call will be available approximately two hours after the conclusion of the call until November 16, 2022. To access the telephone replay please dial (866) 813-9403 or +44 (204) 525-0658 for international callers, conference ID 830113. A replay of the webcast will also be available approximately two hours after the conclusion of the call on Traeger's website at https://investors.traeger.com. The replay will be available on Traeger's website for approximately one year following the call.

About Traeger

Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. Our grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with a wood-fired flavor that cannot be replicated with gas, charcoal, or electric grills. Grills are at the core of Traeger's platform and are complemented by Traeger wood pellets, rubs, sauces, and accessories.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221019005692/en/

 

[Brett-EDH]

If I had to guess the trend, YOY sales QTQ will be down 20-25% with a gross revenue decline of 30% and units shipped down 20%. If they break out divisional sales, Accessories will have increased in gross revenue but discounting on smokers/units sold will impact bottom line.

The reduced retail units sold attributed to sales that were pulled through from the Covid summer of 2021 which effectively reduced demand for 2022 and likely through 2023 as well.

The earliest any recovery will begin should be 2024 if the global slowdown and pending recession change course back to a growing economy and normalized interest rates.

We shall see. I'm no expert but the trend lines are pretty poor of late. CarMax is said to have lost $75M (forced reserves per federal law) as used car sales continue their eroding values and reporting of delinquent auto loans rises. Methinks we're just at the starting point of the crash/correction.

Curious what otherse see or think of the current situation for COOK, WEBR and the economic shift we're in.

No politics please. I prefer Chris doesn't lock this thread. Be normal and sane please.

 

[Ed P]

An executive at one of the airlines has said that, because of the current trend of working from home, every weekend is a holiday weekend...meaning that more people are traveling and fewer people are entertaining at home or in the backyard as they did in the previous few years. Who could have seen that coming? Apparently not Weber or Traeger.

Hybrid work allows every weekend to be a holiday weekend, says United Airlines CEO

United Airlines CEO Scott Kirby joins 'Squawk Box' to discuss what Wall Street didn't appreciate about the strength of United Airlines' business, his vision for bookings and demand in Q4, and more.

www.cnbc.com