Traeger Announces First Quarter Fiscal 2026 Results
Traeger reported Q1 revenue of $94.1 million, down 34.3% year-over-year, as lower grill volumes and channel optimization impacted top-line results. However, the company delivered net income of $2.9 million, or $1.08 per share, compared to a net loss in the prior year period. Management raised its full-year outlook for Adjusted EBITDA to a range of $57 million to $67 million and increased gross margin guidance, while reiterating its revenue target. The improvement is attributed to the Project Gravity restructuring initiative and a $12.4 million benefit from an IEEPA tariff refund.
Key figures
- Eps
- 1.08
- Revenue
- $94.1 million
- Guidance
- FY26 revenue $465M-$485M (reiterated); Gross margin 39.5%-40.5% (raised); Adj EBITDA $57M-$67M (raised); FCF at least $30M
- Revenue Yoy
- -34.3%
- Gross margin
- 45.7%
- Grill revenue
- $47.4 million
- Free cash flow
- $14.5 million
- Adjusted ebitda
- $17.3 million
- Accessories revenue
- $20.6 million
- Consumables revenue
- $26.1 million
- Operating cash flow
- $17.9 million
- Adjusted gross margin
- 32.6%
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