Loading...
•
Jun 30, 2024
Traeger Q2 2024 Earnings Report
Traeger's Q2 2024 results reflected strong efforts to drive increased efficiencies and demonstrated the team's ability to execute in a dynamic environment.
Key Takeaways
Traeger reported a decrease in total revenue by 1.8% to $168.5 million, but grill revenues increased by 2.0% to $95.0 million. The company saw a significant improvement in net loss, decreasing by 91.5% to $2.6 million, and adjusted EBITDA increased by 24.9% to $26.8 million. They are increasing their outlook for the full year.
Total revenues decreased 1.8% to $168.5 million.
Grill revenues increased 2.0% to $95.0 million.
Gross margin increased to 42.9%, up 600 basis points compared to the prior year.
Net loss decreased 91.5% to $2.6 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its total revenue, gross margin and Adjusted EBITDA guidance for Fiscal 2024.
Positive Outlook
- Total revenue is expected to be between $590 million and $605 million
- Gross Margin is expected to be between 40.5% and 41.5%
- Adjusted EBITDA is expected to be between $74 million and $79 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
Loading earnings performance data...
Loading earnings reaction data...