Middleby reported earnings today for the quarter ended in June, which is in the heart of the grilling season. The news for their outdoor segment, which includes brands like Kamado Joe, Masterbuilt, and Char-Griller, was I’ll call it incrementally positive. There were some positive signals, but still some disappointment.
The grill season has been slower or maybe not as strong as some of our customers and us would hope. So I think there’s — and they’re also kind of watching the p’s and q’s with inventory levels and cost of capital. So they’re in a good stocking position. So I think from that standpoint, we’re positioned as we do go into restocking. So it’s kind of a healthy level right now. There is an opportunity as we kind of go later into the year to see how they’ll — they’re better positioned going into the fourth quarter this year than last year in terms of stocking levels.
