NYSE$COOK
Traeger Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Traeger's financial results for Q2 2023 were announced, revealing a decrease in total revenues but an increase in adjusted EBITDA.
Traeger reported a decrease in total revenue by 14.4% to $171.5 million, but adjusted EBITDA increased to $21.5 million. The company is raising its full year revenue and Adjusted EBITDA guidance.
- Total revenues decreased 14.4% to $171.5 million.
- Gross profit margin increased by 25 basis points to 36.9%.
- Net loss decreased from $133.1 million to $32.9 million.
- Adjusted EBITDA increased from $17.0 million to $21.5 million.
Headline financials
Revenue & EPS history
Traeger · Revenue · Quarterly
$172M
Revenue by segment
Traeger · $172M total across 3 segments · Q2 2023
- Grills$93.1M-20.9%54.3%
- Accessories$43.5M+7.4%25.4%
- Consumables$34.9M-17.1%20.3%
Forward guidance
The Company is increasing its total revenue and Adjusted EBITDA guidance for Fiscal Year 2023.
Tailwinds
- Total revenue is expected to be between $585 million and $600 million
- Gross Margin is expected to be between 36% and 37%
- Adjusted EBITDA is expected to be between $55 million and $59 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
-0.0%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-6.6%
Avg return
30 days after
42%
10 / 24 earnings
Positive
+32.6%
Q2 2024
Best reaction
-20.6%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.3% | -8.8% | +36.6% | |
| Q4 2025 | -20.3% | -20.8% | -20.3% | |
| Q3 2025 | -12.5% | -2.0% | -21.1% | |
| Q1 2025 | -2.7% | -10.1% | -6.8% | |
| Q4 2024 | +0.9% | -15.7% | -31.0% | |
| Q3 2024 | -0.6% | -5.5% | -4.3% | |
| Q2 2024 | +32.6% | +27.9% | +61.4% | |
| Q1 2024 | +4.3% | +0.0% | +8.7% | |
| Q4 2023 | -8.5% | -2.2% | +4.0% | |
| Q3 2023 | -20.6% | -25.0% | -24.0% | |
| Q2 2023 | +32.1% | +29.8% | -1.8% | |
| Q1 2023 | +28.8% | +20.3% | +46.3% | |
| Q4 2022 | +13.0% | +22.5% | +13.9% | |
| Q3 2022 | -17.0% | +2.9% | -22.9% | |
| Q2 2022 | +11.3% | +5.4% | -6.5% | |
| Q1 2021 | +30.2% | +35.4% | -1.6% | |
| Q1 2022 | +4.1% | +9.3% | -14.6% | |
| Q4 2019 | +4.4% | +1.4% | -12.6% | |
| Q4 2021 | -15.8% | -20.6% | -29.8% | |
| Q3 2020 | -16.0% | -25.9% | -34.9% | |
| Q3 2021 | -16.0% | -25.9% | -34.9% | |
| Q2 2020 | -9.7% | -10.9% | -21.7% | |
| Q4 2020 | -9.7% | -10.9% | -21.7% | |
| Q2 2021 | -4.0% | -11.6% | -20.0% | |
| Q1 2020 | — | — | — |
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