What to Expect From Traeger’s Q4 Earnings Tomorrow?
<p>RBC Capital analyst provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/COOK'>Traeger, Inc. (NYSE:COOK)</a> ahead of the company’s upcoming Q4 earnings announcement tomorrow after the market close, noting they still expect fundamental pressure.</p>
<p>The analyst expects Q4 net sales of $120.7 million (vs. Street’s $118.5 million) and EBITDA of -$5.1 million (vs. Street’s -$2.6 million). According to the analysts, the economic environment continues to be difficult for discretionary items, which will continue to impact the company’s sell-in (as retailers destock) and sell-through (as demand remains moderate). </p>
<p>While these pressures are expected to last through H1/23 and delay margin recovery, the outlook for H2/23 is slightly better given that the company will lap retailer destocking efforts and benefit from easing input costs. </p>
<p>Overall, the analysts remain on the sidelines until there is greater clarity regarding retail inventory levels and macro factors impacting the grilling category.</p>

NYSE:COOK