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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.
Traeger
Traeger
Traeger Revenue by Segment
Revenue by Segment
Grills Revenue
CapyFin.comConsumables Revenue
CapyFin.comAccessories Revenue
CapyFin.com 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