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Jun 30, 2023
Traeger Q2 2023 Earnings Report
Traeger's financial results for Q2 2023 were announced, revealing a decrease in total revenues but an increase in adjusted EBITDA.
Key Takeaways
Traeger reported a decrease in total revenue by 14.4% to $171.5 million, but adjusted EBITDA increased to $21.5 million. The company is raising its full year revenue and Adjusted EBITDA guidance.
Total revenues decreased 14.4% to $171.5 million.
Gross profit margin increased by 25 basis points to 36.9%.
Net loss decreased from $133.1 million to $32.9 million.
Adjusted EBITDA increased from $17.0 million to $21.5 million.
Revenue by Segment
Forward Guidance
The Company is increasing its total revenue and Adjusted EBITDA guidance for Fiscal Year 2023.
Positive Outlook
- Total revenue is expected to be between $585 million and $600 million
- Gross Margin is expected to be between 36% and 37%
- Adjusted EBITDA is expected to be between $55 million and $59 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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