SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Traeger Inc. (COOK) on Wednesday reported a loss of $7.4 million in its second quarter.
The Salt Lake City-based company said it had a loss of 6 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The barbecue grill maker posted revenue of $145.5 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $167.5 million.
Traeger expects full-year revenue in the range of $540 million to $555 million.
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