Traeger's Q1 Earnings: Mixed Results, Bright Spots

Traegers Q1 2022 earnings show a 34% revenue drop, with grills, consumables, and accessories all down. However, a tariff refund boosted gross profit and EBITDA to $17M. Brand buzz is up, with new products like Westwood grills and Irontop griddles gaining traction. Project Gravitys cost-cutting measures have reduced operating expenses, inventory, and generated $14.5M in free cash flow. Despite challenges, Traeger expects steady revenue and increased adjusted EBITDA for the year, positioning for stronger profits in the peak grilling season. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3b17182c129589e6