Traeger Q2 Adj EPS $0.04 Beats $(0.02) Estimate, Sales $171.51M Beat $154.89M Estimate
Portfolio Pulse from sunil@benzinga.com
Traeger (NYSE:COOK) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $(0.02) by 300 percent. This is a 33.33 percent increase over earnings of $0.03 per share from the same period last year. The company also reported quarterly sales of $171.51 million, beating the analyst consensus estimate of $154.89 million by 10.73 percent. However, this is a 14.36 percent decrease over sales of $200.27 million the same period last year.
August 04, 2023 | 12:28 pm
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Traeger's Q2 earnings beat estimates, with EPS increasing by 33.33% YoY. However, sales decreased by 14.36% YoY.
Traeger's better-than-expected Q2 earnings and sales figures are likely to have a positive impact on its stock price in the short term. However, the YoY decrease in sales could be a concern for investors.
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IMPORTANCE 80
RELEVANCE 100