COOK shares lost -7% today. Some more information:

"On July 18, 2022, the Board of Directors of Traeger, Inc. (the “Company” or “Traeger”) approved a planned reduction in workforce, as part of a plan to reduce the Company’s costs and drive long-term operational efficiencies. Additionally, the Company is suspending operations of Traeger Provisions and postponing nearshoring efforts to manufacture product in Mexico. These actions are expected to be substantially completed by the third quarter of fiscal year 2022.

As a result of these actions, the Company expects to incur total pre-tax charges of between approximately $6.0-$7.0 million (the “Total Costs”), of which approximately $4.3-$5.0 million will result in future cash expenditures. Of the Total Costs, the Company expects pre-tax charges of between approximately $3.9-$4.3 million related to severance, termination and suspending operations of Traeger Provisions; and pre-tax charges of between approximately $2.1-$2.7 million related to postponing plans to manufacture product in Mexico."