Despite Improvements, Traeger Isn't Ready For An Upgrade Just Yet
- Traeger, Inc. has shown revenue and cash flow improvements despite price cuts, making shares cheaper and suggesting potential for future gains if trends continue.
- The company reported a 3.7% revenue increase in the latest quarter, driven by a significant rise in grill sales, offset by declines in consumables and accessories.
- Profitability metrics mostly improved, with EBITDA nearly tripling and adjusted net losses narrowing, although operating cash flow saw a slight decline.
- Despite improvements, uncertainty, and ongoing net losses, I maintain a 'hold' rating, with potential for an upgrade if positive trends persist.
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Back in early January of this year, one company that I decided to revisit was Traeger, Inc. (NYSE:COOK). As its ticker symbol hints at, the business focuses on producing and selling grills, cooking
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