Loading...
•
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
Revenue by Segment
Grills Revenue
CapyFin.comConsumables Revenue
CapyFin.comAccessories Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comRest of World Revenue
CapyFin.com 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