earnings
confidence high
sentiment negative
materiality 0.70
Traeger reports Q3 revenue $162M, net loss $89M; reiterates FY2021 outlook
Traeger, Inc.
2021-Q3 EPS reported
-$0.50
revenue$610,613,000
- Total revenue $162.0M (+11.7% YoY); gross margin 33.5% vs 45.3% a year ago.
- Net loss $89.2M ($0.78/sh) vs net income $8.1M ($0.07/sh); adjusted net loss $6.5M.
- Adjusted EBITDA $4.1M vs $34.4M prior year; pressured by supply chain costs and IPO equity comp.
- Grills revenue $108.8M (+4.3%), Consumables $28.0M (-11.8%), Accessories $25.2M (+181.5%).
- Cash $18.1M, inventory $114.6M; total debt $379.2M; company reaffirms full-year 2021 guidance.