Middleby, the company behind grill brands such as Masterbuilt, Kamado Joe, and Char-Griller, reported their Q1 2024 earnings today. While grilling season obviously starts well after Q1, it was a good peek at how the sector is looking in the lead-up.
Middleby’s whole residential portfolio was down year-over-year on sales. They chalked it up to tough comps from last year, but that’s a bit of a cop out. 2023 Q1 had really tough comps because the year before still had Pandemic fueled buying.
