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Sep 30, 2021
Traeger Q3 2021 Earnings Report
Reported third quarter fiscal 2021 results and reiterated outlook for full year 2021.
Key Takeaways
Traeger reported a revenue increase of 11.7% to $162.0 million compared to the third quarter last year. The company faced challenges with gross profit margin, which decreased to 33.5% due to increased freight rates and logistics costs. Net loss was $89.2 million, driven by equity-based compensation expense.
Total revenue increased by 11.7% to $162.0 million.
Gross profit margin was 33.5%.
Net loss was $89.2 million.
Adjusted EBITDA was $4.1 million.
Revenue by Segment
Forward Guidance
For the full year fiscal 2021, Traeger expects total revenue to be between $760 million and $770 million, and Adjusted EBITDA to be between $103 million and $108 million.
Positive Outlook
- Sustained consumer demand
- Investment in product innovation
- Investment in marketing
- Investment in growth infrastructure
- Investment in public company costs
Challenges Ahead
- Gross margin pressures due to global supply chain challenges
- Unable to provide reconciling information with respect to provision (benefit) for income taxes
- Unable to provide reconciling information with respect to other (income) expense
- Unable to provide reconciling information with respect to interest expense, depreciation and amortization
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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