Traeger had a low sales quarter, as expected, but actually beat the top end of their guidance. They’re still dealing with retailer destocking, which is depressing sell-through. While the quarter was one I’m sure Traeger wants to forget, there were some bright spots in 2022.
MEATER is Killing It
In the “win” list for 2022, MEATER has to be at the top. Traeger did that acquisition during the pandemic, and it has exceeded expectations. While Traeger doesn’t break MEATER thermometer sales out from the rest of their accessories, they said that they’re 35.9% revenue in accessories year-over-year was primarily driven by MEATER.
