Posted 11/12/2023, 2:49:25 PM
Traeger's Revenue Slump Despite Industry Growth Raises Concerns About its Future Prospects
- Traeger's recent revenue decline contrasts with industry growth, concerning investors about future prospects
- Revenue fell 16% last year despite 6% aggregate growth over 3 years, trailing industry expansion
- Analysts forecast Traeger's revenue to grow 10% yearly, outpacing industry's 3.5%, intriguing given its low P/S ratio
- The P/S ratio suggests investors are skeptical of upbeat revenue forecasts and bracing for instability
- Despite strong projected growth, lingering doubts about revenue trends may weigh on Traeger's valuation