By Connor Hart
Traeger said its top finance chief, Dominic Blosil, would step down after filing the company's first-quarter earnings report, though he would provide transition support through the end of the year.
Joey Hord, who currently serves as Traeger's senior vice president of finance and strategy, is set to assume the financial chief role, the grill maker said Thursday.
Hord, 45, has held several roles of increasing responsibility since joining Traeger in 2021, the company said. Prior, he held a variety of positions at Nike.
In the role, Hord will receive an annual base salary of $425,000, in addition to an annual target bonus of up to 75% of his base salary, annual equity-based compensation awards and other benefits, according to a Securities and Exchange filing.
The transition came as Traeger narrowed its loss and posted higher revenue in the fourth quarter, though its 2025 outlook missed Wall Street's expectations.
The company posted a loss of $7 million, or 5 cents a share, compared with $24 million, or 19 cents a share, a year earlier.
Adjusted per-share earnings came in at 1 cent. Analysts surveyed by FactSet expected the company to breakeven.
Revenue increased 3.2%, to $168.6 million, topping the $164.8 million that analysts modeled.
In 2025, Traeger expects revenue of $595 million to $615 million, missing analyst views for $628.2 million. The outlook doesn't reflect the potential effects of recently implemented or proposed tariffs, the company said.
Shares fall 2.8%, to $2.10, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 06, 2025 18:57 ET (23:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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