Traeger, Inc. (NYSE:COOK) Q1 2022 Earnings Conference Call May 11, 2022 4:30 PM ET

Company Participants

Nick Bacchus - VP of IR

Dom Blosil - CFO

Jeremy Andrus - CEO

Conference Call Participants

Simeon Siegel - BMO

John Glass - Morgan Stanley

Peter Keith - Piper Sandler

Kaumil Gajrawala - Credit Suisse

Joe Feldman - Telsey Advisory Group

Jim Duffy - Stifel

Justin Kleber - Baird

Operator

Good afternoon. Thank you attending today's Traeger First Quarter Fiscal 2022 Earnings Conference Call. My name is Anna and I will be your moderator for today' call. [Operator Instructions]

I would now like to pass the conference over to our host Nick Bacchus, Vice President of Investor Relations of Traeger. Please go ahead.

Nick Bacchus

Good afternoon, everyone. Thank you for joining Traeger's call to discuss its first quarter 2022 results which releases afternoon and can be found on our website at investors.traeger.com.

I'm Nick Bacchus, Vice President of Investor Relations at Traeger. With me on the call today are Jeremy Andrus, our Chief Executive Officer; and Dom Blosil, our Chief Financial Officer.

Before we get started, I want to remind everyone that management's remarks on this call may contain forward-looking statements that are based on current expectations but are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein. We encourage you to review our annual report on 10-K for the year ended December 31, 2021 and our other SEC filings for a discussion of these factors and uncertainties which are also available on the Investor Relations portion of our website.

You should not take undue reliance on these forward-looking statements. We speak only as of today and we undertake no obligation to update or revise them for any new information. This call will also contain certain non-GAAP financial measures which we believe are useful supplemental measures. The most comparable GAAP financial measures and reconciliations of the non-GAAP measures contained herein to such GAAP measures are included in our earnings release which is available on the Investor Relations portion of our website at investors.traegerr.com.

Now, I'd like to turn the call over to Jeremy Andrus, Chief Executive Officer of Traeger.

Jeremy Andrus

Thank you, Nick. Thank you for joining our first quarter earnings call. Today, we will discuss, highlights from our first quarter results, and share progress in executing their long term growth strategies. I will then turn the call over to Dom to discuss details on our quarterly financial performance and to provide an update on our fiscal 2022 guidance. The Traeger team continues to work relentlessly to deliver an incredible experience to our consumers and to drive forward our key long term growth initiatives. In the first quarter, while we face several near term headwinds, including continued inflationary pressures and supply chain challenges, a highly dynamic consumer backdrop, and tough year-over-year comparisons. We are pleased with our execution.