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Jun 30, 2021
Traeger Q2 2021 Earnings Report
Traeger's Q2 2021 financial results were announced, demonstrating strong revenue growth and strategic investments.
Key Takeaways
Traeger reported a 39.1% increase in total revenue, reaching $213.0 million, driven by strong performance across product categories and regions. The company's gross margin was 39.1%, and it experienced a net loss of $4.9 million. Adjusted EBITDA was $26.9 million.
Total revenue grew by 39.1% to $213.0 million compared to the second quarter of the previous year.
Gross margin stood at 39.1%.
Net loss was reported at $4.9 million.
Adjusted EBITDA reached $26.9 million.
Traeger
Traeger
Traeger Revenue by Segment
Traeger Revenue by Geographic Location
Forward Guidance
Traeger expects total revenue to be between $760 million and $770 million, and adjusted EBITDA to be between $103 million and $108 million for the full year fiscal 2021.
Positive Outlook
- Strong consumer demand
- Investments in product innovation
- Investments in marketing
- Investments in growth infrastructure
- Strategic investments to support growth
Challenges Ahead
- Gross margin pressures
- Global supply chain challenges
- Unreconcilable interest expense
- Unreconcilable provision for income taxes
- Unreconcilable depreciation and amortization
Revenue & Expenses
Visualization of income flow from segment revenue to net income