fiscal XXXX. update discuss XXXX earnings performance provide our will joining I details then the to for provide Today, fourth discuss and over our outlook well priorities call on our turn you Thank as an strategic quarterly quarter for will Dom to our call. as further results Nick. to fourth I guidance. our our quarter and on Thanks, financial
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and realized Our awareness despite XXXX, engagement, backdrop saw Net grill, all-time Promoter business. brand in an strong social is healthier media brand an drew growth a in Score to meaningful a drove in Timberline high, tough our launched we up than MEATER new ever industry-leading and our growth successfully
quarter our quarter $XX sales quarter end year $X adjusted range. putting We than were full us million the $X better of of million $XXX the annual putting results ended was range XXXX annual the fourth to guidance guidance. higher while exceed with year EBITDA which that our revenue of our Fourth anticipated, end upper than ahead million, allowed high were million fourth
cadence increased strategically we extending our holiday During our promotional the period. promotional quarter,
the reduction partners' in we in inventories. previously, to we As leaned demand retail promotions into an effort to discussed activate consumer our accelerate
focus targeted inventory balances where were greatest. and Our with was a promoting SKUs strategic on particular approach real
replenishment activity. in grills successful better-than-expected upside in to contributed the which Our and of sell-through strategy drove was quarter,
the Sell-through continue improved year aggressively levels quarter resulting channel significantly destock retailers outpaced at grills in end. fourth the materially sell-in inventory to in as
direct-to-consumer holiday upside the saw we our Additionally, period. business in through
Finally, business and our great and MEATER closing outperformed accessories strong results the the full strong delivered team first double-digit performance. ownership performance MEATER outstanding quarter in holiday-driven under business a driven fourth very at margin is with Traeger off MEATER. by a solid year growth a
gross the our priorities These organization's focus inventories, universal discussed margins. Traeger priorities have on these cost last improvement current Over tactical near-term structure areas. rightsizing make in these in position the the environment. significant progress two and key reducing to us quarter are quarters, our we initiatives to driving for in fourth allow The
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our discipline cost our as expense quarter. to structure, well fourth to ability of the ongoing as contributed in our EBITDA upside drive in XXXX terms actions In
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through team year. we The in hyper-focused is and the we on efficiencies will stay disciplined driving move highly the as business
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we anticipating discuss, gross As will margin expansion in Dom are XXXX.
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million of to XX% guidance sales decline versus XX% Our XXXX. $XXX a $XXX implies million to
driving factors outlook. cautious several are top-line There our
is outdoor unclear patterns cooking will normalize category when sustained First, consumer spending to return and growth. it will when the
yet remains inflation felt, and environment fundamentals. still with deteriorating the monetary Federal uncertain the highly to full tightening be the for elevated market of outlook showing the macroeconomic the impact Second, policies housing Reserve's
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growth U.S. pillar grill-owning We penetration most ended the in the and the mid-teens. is first million of awareness in X.X% households accelerate brand to XXXX with penetration our Our XX penetrated in markets with the United States.
of the top to we a capacity than grow Despite around for that brand ever. trade reduced and energy and marketing, stronger awareness funnel believe softer marketplace our is continues
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XX% and doubling the social views phenomenal in KPIs XX%, year. with terms content up in followers Fourth impressions quarter XX%, engagement capped impressive our a up of across saw user-generated nearly and more year than we post for in platforms, growth growth video
continue drive our Home in-store customers elevating partners. in XXXX. serious enhancing penetration inroads Depot, awareness for merchandising through At we in with and key retail made We the Traeger to retail experience
bay the we year with product Traeger doors, XXX ended Traeger have now cluster branded which doors We and pellet experience. prominently display Wall, fixture Traeger Island an our two-bay elevated with Flex XXX on
doors the MEATER SKU, program merchandising the stores merchandising quarter, Home Home as country. productivity MEATER's with they outperformed across are launched at elevating quarter. the these enhancements Moreover, Plus, in materially best-selling fourth are driving only in with but merchandising consumer, not national the Traeger in fourth Home we now brand Our the the for Depot strategies Depot, MEATER available sales Doors standard to a
Our next new XXXX. XXXX, through growth kicked launches Traeger new innovation another off year disrupt year with at of to in the we meaningful grill outdoor for of product with innovation. introduction Timberline, After is have a pillar cooking our innovation, two big in
XX, First, we grill. on February our launched new Ironwood
an down Ironwood easy Timberline the grease from feature pop-and-lock integration been technology, combustion the have This at includes new several accessory innovations, keg. new clean and affordable Our the smart rail that the our and cascaded key of price. ash
price. at significant innovation, brings new an Ironwood The advancements and attractive technological
top flat strongly The the XX, we segment grill. very February growing the has Flatrock, premium griddle our several in new on Next last been years. launched Traeger
several like However, marketplace in our solve Flatrock consumer the else and points. nothing is pain
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has than We the -- believe market. other buzz-generating on fantastic, greater griddle Early innovative on product is best and the our social been in Flatrock history. been has and media, the our launch the any most
to start, a limited disciplined terms with a of We have the we forward. going launching at distribution Flatrock, significant approach see in expanded runway launch taken
remained fourth business is, at in line quarter, Sell-through retail, prior pillar next demonstrates in our which In Our outperformed were revenues. and quarter, this year the the segment. driving sales recurring resiliency modestly strategic with expectations. our fourth product consumables the of pellets stable
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and Canada Traeger encouraged our ahead quarter, in fourth grills sell-through Our the which improvement Europe, last markets. In for our of was globally. were an strategic pillar in-channel that of we is allowed expectations, these see inventories to brand retail and expand the in to partners in
challenging initiatives the believe brand excited environment are we near-term, markets our abroad. our awareness the drive will we to and macroeconomic remain growth in Traeger in While of about the XXXX international
in driving same-store on We continue to but remain sales growth and points add markets, beyond. focused distribution, key of XXXX highly international in
are key productivity initiatives. We through driving several
are our bringing we new we February, new European Timberline markets. in Europe to in we launched January, innovation First, our Canada. in Ironwood overseas In launched And and our markets.
Next, empowering retail growth sales in-store demos international drivers including focus training. team, merchandising, associate we to on are our and
investment are retailer partners. brand, base from most we segmenting into incentivize to retail Last, our productive Traeger increased our the international
about long-term Traeger. remain we the incredibly Overall, opportunity excited for
strategy, I focused are position which on half business As executing beyond. for both for against position the and have we we will near remain growth second believe to we near-term in drive I right year in company as our our and efficiencies the brand, the success. and of Traeger move long-term the XXXX, ever the the as plans company in into confident in place and
that, And Dom. it to I'll turn over Dom? with
