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COOK - Traeger: Poor Earnings Outlook Due To Weak Consumer Spending Environment
Traeger Inc.
2024-07-12 11:43:58 ET
Summary
Traeger, Inc. faces a poor earnings outlook due to weak consumer spending, demand-pulled-forward impacts, and the need for price reductions and promotions.
Company sells wood pellet-fueled grills and accessories, with operations primarily in North America.
Valuation suggests COOK is worth 10% less than the current trading price, with revenue decline expected in FY24 and FY25.