NYSE$COOK
Traeger Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Total revenue decreased due to macroeconomic uncertainty and retail partners reducing inventories, resulting in a net loss.
Traeger reported a 42.1% decrease in total revenue to $93.8 million, impacted by macroeconomic headwinds and inventory reductions by retail partners. The company experienced a net loss of $210.4 million, including a non-cash impairment charge of $109.8 million, and an adjusted EBITDA loss of $12.5 million. Despite these challenges, Traeger made progress on strategic priorities, including cost savings from restructuring and sequential improvement of in-channel inventory levels.
- Total revenues decreased 42.1% to $93.8 million.
- Gross profit margin was 27.7%, or 29.4% excluding $1.6 million of one-time restructuring costs.
- Net loss was $210.4 million, including a non-cash impairment charge of $109.8 million, or $1.75 per share.
- Adjusted EBITDA loss was $12.5 million.
Headline financials
Revenue & EPS history
Traeger · Revenue · Quarterly
$93.8M
Revenue by segment
Traeger · $93.8M total across 3 segments · Q3 2022
- Grills$39M-64.2%41.6%
- Accessories$29.6M+17.5%31.6%
- Consumables$25.2M-10.0%26.9%
Forward guidance
The company is updating its full year guidance, reflecting continued pressure on replenishment order activity as retail partners reduce in-channel inventories.
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 Q3 2022
-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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