Traeger Grills (COOK) released its second quarter earnings which revealed better-than-expected earnings with a growth of EBITDA (earnings before interest, taxes, depreciation, and amortization) by 25%.
Traeger Grills CEO Jeremy Andrus joins Wealth! to give insight into the company’s earnings and what it may reveal on the strength of the consumer.
"I think it’s important to note that during this environment, as things have been tough, we’ve actually doubled down on the two things that are sacred to Traeger owners, to the Traeger community," Andrus says. "The first is product. We’ve actually we have literally doubled our product team since the end of the pandemic… The second is our community and how we engage our community and create energy and bring content."
For the consumer environment, he comments: "The analysts note it’s a tough environment. Look, we acknowledge that, we look at other great consumer discretionary businesses that are that are challenged. And I think we continue to invest where we need to invest to win long term."
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