Traeger Q3 2024 Earnings Report
Key Takeaways
Traeger reported a 3.7% increase in total revenue to $122.1 million, driven by a 32.5% increase in grill revenue. Gross margin improved to 42.3%, leading to an adjusted EBITDA of $12.3 million. The company raised its full-year revenue, gross margin, and adjusted EBITDA guidance.
Total revenues increased by 3.7% to $122.1 million.
Grill revenues increased by 32.5% to $74.9 million.
Gross margin increased to 42.3%, up 440 basis points year-over-year.
Adjusted EBITDA increased to $12.3 million, up from $4.7 million in the prior year.
Traeger
Traeger
Traeger Revenue by Segment
Forward Guidance
The Company is updating its total revenue, gross margin and Adjusted EBITDA guidance for Fiscal 2024. Total revenue is expected to be between $595 million and $605 million. Gross Margin is expected to be between 41.8% and 42.3%. Adjusted EBITDA is expected to be between $78 million and $81 million.
Positive Outlook
- Total revenue is expected to be between $595 million and $605 million
- Gross Margin is expected to be between 41.8% and 42.3%
- Adjusted EBITDA is expected to be between $78 million and $81 million
- Company raised low-end of FY 2024 revenue guidance range
- Company increases FY 2024 gross margin and Adjusted EBITDA guidance
Revenue & Expenses
Visualization of income flow from segment revenue to net income