Traeger(US:COOK)2024-08-07 05:42Financial Performance - Revenue reached $168 million in Q2 2024 [3], a slight decrease of 1.8% compared to $172 million in Q2 2023 [12] - Gross margin significantly improved to 42.9% in Q2 2024 [3], compared to 36.9% in Q2 2023 [15] - Adjusted EBITDA increased to $27 million in Q2 2024 [3], representing a 15.9% margin [3], up from $21 million and a 12.5% margin in Q2 2023 [15] - The company anticipates total revenue between $590 million and $605 million for fiscal year 2024 [15] - The company projects a gross margin between 40.5% and 41.5% for fiscal year 2024 [15] - Adjusted EBITDA is expected to be between $74 million and $79 million for fiscal year 2024 [15] Revenue Breakdown - Grills accounted for 56% of the revenue mix [4] - Consumables represented 24% of the revenue mix [4] - Accessories made up 20% of the revenue mix [4] Growth & Global Expansion - Rest of World revenues increased by 32% in Q2 2024 [8] - Influencer impressions increased nearly 80% over Q2 2023, reaching close to 500 million [6]