earnings
confidence high
sentiment positive
materiality 0.75
Traeger Q2 rev -1.8% to $168.5M; net loss narrows 91.5%; raises FY2024 guidance
Traeger, Inc.
2024-Q2 EPS reported
-$0.06
revenue$313,385,000
- Total revenue $168.5M (-1.8% YoY); grill revenue +2% to $95.0M on higher volume offset by lower ASPs.
- Gross margin 42.9% (+600 bps YoY), driven by freight/logistics improvements and operational optimization.
- Net loss $2.6M (-91.5% YoY), EPS -$0.02; adjusted net income $7.3M ($0.06 adj EPS) vs adj loss a year ago.
- Adjusted EBITDA $26.8M (+24.9% vs $21.5M).
- Raises FY2024 guidance for total revenue, gross margin, and Adjusted EBITDA.