Traeger Q3 revenue up 25.5% to $117.7M; raises FY2023 outlook midpoint

Traeger, Inc.

2023-Q3 EPS reported -$0.49 revenue$442,403,000

Net loss improved to $19.3M ($0.16 loss per share) from $211.1M loss a year ago.
Gross margin surged 1,120 bps to 37.9%, driven by lower freight and logistics costs.
Adjusted EBITDA turned positive at $4.7M vs. a $13.0M loss in Q3 2022.
Grills revenue rose 45.1% to $56.6M on higher unit volumes; accessories up 20.7%.
Company raises midpoint of FY 2023 revenue, gross margin and Adjusted EBITDA guidance.

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. updated its three months ended September 30, 2023 guidance (raised).

Period: three months ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue increased 25.5% to $117.7 million, compared to $93.8 million in the third quarter last year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Traeger, Inc. updated its three months ended September 30, 2023 guidance (raised).

Period: three months ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

Given the better than expected results in the third quarter, we are increasing the midpoint of our revenue, gross margin and Adjusted EBITDA outlook for the full year.

View on SEC.gov

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Traeger, Inc. filing history →

Source: SEC EDGAR

accession 0001857853-23-000137

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