NYSE$COOK
Traeger Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Traeger's Q2 2024 results reflected strong efforts to drive increased efficiencies and demonstrated the team's ability to execute in a dynamic environment.
Traeger reported a decrease in total revenue by 1.8% to $168.5 million, but grill revenues increased by 2.0% to $95.0 million. The company saw a significant improvement in net loss, decreasing by 91.5% to $2.6 million, and adjusted EBITDA increased by 24.9% to $26.8 million. They are increasing their outlook for the full year.
- Total revenues decreased 1.8% to $168.5 million.
- Grill revenues increased 2.0% to $95.0 million.
- Gross margin increased to 42.9%, up 600 basis points compared to the prior year.
- Net loss decreased 91.5% to $2.6 million.
Headline financials
Revenue & EPS history
Traeger · Revenue · Quarterly
$168M
Revenue by segment
Traeger · $118M total across 3 segments · Q3 2023
- Grills$56.6M+45.1%48.0%
- Accessories$35.8M+20.9%30.4%
- Consumables$25.4M+0.8%21.6%
Forward guidance
The Company is updating its total revenue, gross margin and Adjusted EBITDA guidance for Fiscal 2024.
Tailwinds
- Total revenue is expected to be between $590 million and $605 million
- Gross Margin is expected to be between 40.5% and 41.5%
- Adjusted EBITDA is expected to be between $74 million and $79 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 2024
-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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