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CookOut News | Grill Business, Outdoor Kitchens, Outdoor Living

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Texas Star Grill Shop's Journey from Traegers on eBay to Having 5 Stores - CookOut News | Grill Business News, Grill Reviews, Grill Releases

I'm always fascinated with an entrepreneurs journey and learning from it. To honor that, we're going to start featuring different grill shops and the stories behind them. A perfect one to start with is Texas Star Grill Shop out of Houston, TX and its founder Rick Martin.

Texas Star Grill Shop's Journey from Traegers on eBay to Having 5 Stores - CookOut News | Grill Business News, Grill Reviews, Grill Releases

hot dogs, hamburgers and cheese are being cooked on the bbq with tongs

Gourmet Grill

Best Chicken Wing Recipe

Top 15 Outdoor Cooking Brands - Weber and Char-Broil Own 80% of the Market - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Even though the Blackstone IPO isn't going to happen, they produced some great data during their IPO process. To support their thesis that they were poised to continue rapid growth they estimated brand awareness for the outdoor cooking market. Of the top 15 outdoor cooking brands there are surprises and interesting takeaways.

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Another Day

Finance

Two By Two

Blackstone IPO In Doubt as They Decline $200k for Extension - CookOut News | Grill Business News, Grill Reviews, Grill Releases

While the IPO of griddle maker Blackstone Products through a SPAC merger seemed in doubt with their most recent extension, now it's really trending down. In just 6 days (August 31st, 2022) we'll know if it will be dead or live to see another day.

the word nexgrill is displayed on a stainless steel panel with a speedometer

Nexgrill's Parent Company Had 87% Sales Growth From 2018 - 2021 - CookOut News | Grill Business News, Grill Reviews, Grill Releases

a sticker on the side of a car that says weeber with an image of a person sitting in a chair

Weber Cutting 10% of Employees, Earnings Release Shows - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Weber pulled the Band-Aid off and released earnings today for the quarter ended June 2022. As they indicated previously, sales and earnings were down year over year. In addition to releasing earnings, they rolled out their cost cutting strategy to recover from the poor earnings.

a bbq grill sitting on top of a wooden deck

Traeger Reduced Workforce by 14% Earnings Release Shows - CookOut News | Grill Business News, Grill Reviews, Grill Releases

After announcing cost cutting measures previously, Traeger released earnings for the quarter ended June 2022. While results were lower than they previously forecast, the markets were satisfied with their recovery plan as Traeger was up in trading. The earnings release also gave us more details about Traeger's plans.

Clean Grill Grates

Weber Charcoal Grill

Cast Iron Pizza

Big Green Egg Recipes

Weber To Announce Quarter Ended June 2022 Results - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Weber recently had some big news that they were moving on from their CEO, cutting costs and looking at layoffs. In the same announcement, they gave some bad news in the form of preliminary results for their quarter that ended June 2022. Now they've finally announced when they'll release their official results and have a conference call about them.

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Miller Lite is Back With Another Grill Based Marketing Campaign - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Much like Citi Bikes, the Miller Lite "Grill Share" is a program where you can reserve a limited-edition Miller Lite Grill with a spatula, apron folding beach chair with an umbrella and a $25 gift card. To take part in this unique opportunity you can sign up online or by visiting a Grill Share location, scanning a QR code and entering your information.

Middleby released some solid numbers today for the quarter ended June 2022. While they are mostly known for their commercial foodservice business, they made a splash in outdoor cooking at the end of 2021 when they acquired Kamado Joe, Char-Griller and Masterbuilt. Those brands joined their existing premium cooking brands Lynx and Viking. Charcoal Grill Smoker, Cooking With Charcoal, Double Sided Stove, Lump Charcoal, Rack Of Ribs, Boiler Stoves, Stove Fan, Fireplace Beam

Charcoal Grill Smoker

Cooking With Charcoal

Middleby Releases Earnings, Does "New Product Spotlight" on Old Grill - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Middleby released some solid numbers today for the quarter ended June 2022. While they are mostly known for their commercial foodservice business, they made a splash in outdoor cooking at the end of 2021 when they acquired Kamado Joe, Char-Griller and Masterbuilt. Those brands joined their existing premium cooking brands Lynx and Viking.

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Outdoor Cooking Spaces

Outdoor Cooking

Pit Boss Parent Dansons Had 70% Sales Growth in 2020 to $365 million - CookOut News | Grill Business News, Grill Reviews, Grill Releases

As we've covered before, the pandemic caused explosive growth in the outdoor cooking space. Recently at Weber and Traeger, we've seen the effects of demand returning to normal coupled with other economic factors. It's likely that privately held Dansons is experiencing those effects as well, but through an SEC filing, we get a look at just how explosive the growth was.

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Royal Dutch Shell

Weber CEO Out in Latest Grill Company Shake-up - Layoffs Possible - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Last week recteq appointed a new CEO, then we got news that Traeger was laying off staff and cutting costs. Now Weber is the latest grill company to announce big changes with their CEO Chris Sherzinger departing, effective immediately.

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Collard Greens With Bacon

Bacon Cornbread

Baked Beans With Bacon

Honey Roasted Carrots

Traeger to Layoff Staff, End Provisions and Delay Mexico Manufacturing - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Traeger is looking to cut costs and they are implementing some major actions to do it. In an SEC filing that was released, they revealed that they are laying off staff, suspending operations of Traeger Provisions and postponing manufacturing efforts in Mexico. Their Board of Directors approved the actions at a July 18th, 2022 board meeting.

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Nexgrill is the Latest Company to Bet on Outdoor Connected Technology - CookOut News | Grill Business News, Grill Reviews, Grill Releases

Nexgrill made the leap from traditional grills to app connected smart grills with the recent release of their Neevo series. Using their trademarked NEX-fi technology, you can control your cook on your smartphone with the Nexgrill app. Now, Nexgrill has announced plans to expand that technology in the future to more products.

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FTC Orders Weber to Change Warranty Restricting Right to Repair - CookOut News | Grill Business News, Grill Reviews, Grill Releases

The Federal Trade Commission (FTC) issued a complaint against Weber today for illegally restricting customers' right to repair their grills. The complaint charges that terms in Weber's warranty voided it if customers used third-party parts on their grills. Weber is being ordered to remove the illegal terms from its warranty and send and post notices informing customers of the updates.