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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.
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
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