Overview
Traeger Q3 FY25 revenue grows 2.7%, beating analysts' expectations
Net loss widens to $89.8 mln, due to $74.7 mln goodwill impairment
Adjusted EBITDA for Q3 FY25 beats analysts' estimates
Outlook
Company reiterates FY25 revenue guidance of $540 mln to $555 mln
Traeger expects FY25 gross margin between 40.5% and 41.5%
Company targets $50 mln in annualized cost savings from Project Gravity
Result Drivers
GRILL REVENUE - Growth in average selling price drives 2.2% increase in grill revenues, despite lower unit volume
CONSUMABLES GROWTH - Wood pellet sales boost consumables revenue by 12.3%, offsetting decline in food consumables
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $125.40 mln | $110.70 mln (8 Analysts) |
Q3 EPS | -$0.67 | ||
Q3 Adjusted Net Income | Miss | -$22.30 mln | -$5.27 mln (7 Analysts) |
Q3 Net Income | -$89.82 mln | ||
Q3 Adjusted EBITDA | Beat | $13.80 mln | $10.20 mln (7 Analysts) |
Q3 Gross Margin | 38.70% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy."
Wall Street's median 12-month price target for Traeger Inc is $1.50, about 39.6% above its November 4 closing price of $0.91
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 38 three months ago
Press Release: ID:nBw9D0MCKa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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