Traeger shares jump 20% on Q2 beat & raised outlook

This post was originally published on this site

Grills revenue decreased 20.9% year-over-year to $93.1M, and consumables decreased 17.1% to $34.9M. Accessories were down 7.4% year-over-year to $43.5M.

The company raised its revenue and adjusted EBITDA guidance for the full 2023 year. Revenue is expected in the range of $585-$600M, above the consensus of $575.51M. Adjusted EBITDA is seen at $55-$59M.