Traeger Grills CEO details ‘tough environment’ for grilling [Video]

Traeger (COOK) posted mixed fourth-quarter results, with revenue topping estimates, but reporting a larger-than-expected loss in the quarter.
Traeger CEO Jeremy Andrus says the company “had a solid quarter in a tough environment.” “High-ticket consumer durables is a tough space to be in in the moment,” Andrus told Yahoo Finance. Andrus highlights a few reasons why the grilling sector is facing headwinds right now, including demand being pulled forward due to the pandemic and high interest rates. Overall, he calls the grilling industry “resilient,” given that “Americans have always cooked outdoors.” He expects that “as interest rates come down” the category will return to growth, which he expects will happen in 2025.
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