Traeger, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:09 pm EST
Share
Traeger, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 117.73 million compared to USD 93.79 million a year ago. Net loss was USD 19.26 million compared to USD 211.14 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 1.76 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 1.76 a year ago.
For the nine months, sales was USD 442.4 million compared to USD 517.77 million a year ago. Net loss was USD 60.36 million compared to USD 353.24 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 2.98 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to USD 2.98 a year ago.
Traeger, Inc. designs, sources, sells, and supports wood pellet fueled barbecue grills sold to retailers, distributors, and direct to consumers. The Company's integrated platform has six types of products: wood pellet grills, gas griddles, grilling accessories, digital content, the Traeger app and consumables. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories (including P.A.L. Pop-And-Lock accessory rails, grill covers, liners, tools, MEATER smart thermometers, apparel and other ancillary items). Its flagship wood pellet grills are Internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app. It offers live-streaming cooking classes to consumers through its Traeger Kitchen Live series. It offers Shop Class: Private Table, which is a series of shop classes. It produces a library of digital content, including instructional recipes and videos.
TRAEGER, INC. 
