Traeger Expects Growth in 2025, Interest Rate Dependent

Traeger reported earnings last week and while they beat their numbers, their 2024 guidance of a decline in revenue wasn’t well received by investors. It led to a sharp sell-off of their stock.

Traeger CEO, Jeremy Andrus, was on the Yahoo! Finance Morning Brief to provide some more color around the state of the business. He said that with the pull-ahead buying through the pandemic, the sales decline of Traeger was indicative of the grill industry. He also referenced The Home Depot seeing softness in big-ticket consumer good, which is something we’ve covered previously.