Traeger Q3 revenue down 42% to $93.8M; net loss $210.4M; lowers FY outlook

Traeger, Inc.

2022-Q3 EPS reported -$2.96 revenue$517,768,000

Total revenue $93.8M vs $162.0M YoY (-42.1%); net loss $210.4M ($1.75 per diluted share).
Adjusted net loss $25.7M ($0.21 per share); adjusted EBITDA loss $12.5M vs +$4.1M last year.
Grills revenue down 64.2% to $39.0M; consumables -10.3%; accessories +17.7% driven by MEATER.
Recorded $109.8M non-cash goodwill impairment and $8.0M restructuring costs.
Full-year 2022 outlook expected at low end or slightly below prior guidance due to macro uncertainty and retail destocking.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Traeger, Inc. reported the three months ended September 30, 2022 results: revenue $93.8 million, net income $210.4 million, EPS $1.75 per diluted share. Guidance lowered.

Period: the three months ended September 30, 2022
Revenue: $93.8 million
Net income: $210.4 million
EPS: $1.75 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

of the wood pellet grill, today announced its financial results for the three months ended September 30, 2022. Third Quarter FY 22 Highlights • Total revenues decreased 42.1% to $93.8 million • Gross profit margin of 27.7% or 29.4% excluding $1.6 million of one-time restructuring costs • Net loss of $210.4 million, including a non-cash impairment charge of $109.8

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Source: SEC EDGAR

accession 0001857853-22-000135

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