Traeger(US:COOK)2025-03-06 21:41Financial Performance - Total revenue for Fiscal Year 2024 was $604 million, a slight decrease of 0.3% compared to $606 million in FY 2023[30] - Gross margin for FY 2024 increased to 42.3%, compared to 36.9% in FY 2023[33] - Adjusted EBITDA for FY 2024 was $81.9 million, representing 13.6% of revenue, compared to $61 million, or 10.1% of revenue, in FY 2023[33] - For the fourth quarter of 2024, total revenue increased by 3.2% to $169 million from $163 million in 4Q 2023[24] - Gross profit margin for the fourth quarter of 2024 increased to 40.9% from 36.8% in 4Q 2023[27] - Adjusted EBITDA for the fourth quarter of 2024 was $18 million, or 10.9% of revenue, compared to $13 million, or 7.9% of revenue, in 4Q 2023[27] Revenue Breakdown - Grill revenue for FY 2024 remained consistent at $299 million[30] - Consumables revenue for FY 2024 increased by 8.5% to $192 million[30] - Accessories revenue for FY 2024 decreased by 3.8% to $115 million[30] - In the fourth quarter of 2024, grill revenue increased by 30.2% to $78 million[24] - Consumables revenue for the fourth quarter of 2024 decreased by 24.1% to $25 million[24] - Accessories revenue for the fourth quarter of 2024 remained consistent at $60 million[24] 2025 Guidance - The company expects total revenue to be between $595 million and $615 million for fiscal year 2025[36] - Gross margin is expected to be between 42.2% and 42.8% for fiscal year 2025[36] - Adjusted EBITDA is projected to be between $75 million and $85 million for fiscal year 2025[36]