Traeger Q4 revenue up 18.3% to $163.5M; adj EBITDA up 82% to $13.0M

Traeger, Inc.

Q4 net loss $24.0M ($0.19/share); adjusted net loss $9.5M ($0.08/share).
Gross margin 36.8% (+230 bps YoY); grills revenue +23.9% to $59.9M.
Full year revenue $605.9M (-7.6% YoY), beating guidance of $590-600M.
FY adj EBITDA $61.1M (+47% YoY); cash from ops $64.0M.
2024 guidance: expects adj EBITDA growth despite soft consumer demand.

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 0.7

Traeger, Inc. reported financial results for quarter and fiscal year ended December 31, 2023.

Period: quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 7, 2024, Traeger, Inc. (the “Company”) issued a press release announcing financial results for the quarter and fiscal year ended December 31, 2023.

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Traeger, Inc. filing history →

Source: SEC EDGAR

accession 0001857853-24-000017

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