Middleby was one of the many outdoor brands that reported earnings this week, giving us an updated glimpse of their business. They have a large portfolio of commercial and non-outdoor residential brands, so Kamado Joe, EVO, Char-Griller, and Masterbuilt only make-up a part of Middleby’s overall company.
Inventory Levels
While Traeger was confident that inventory levels had reached a bottom, Middleby was much less confident. A large chunk of the earnings call was just focused on grill inventory levels because of the differing message.
