Traeger, Inc. (COOK): restructuring charge — Traeger Q3 rev $125.4M (+2.7%); net loss $89.8M on $74.7M goodwill impairment; targets $50M cost savings

Traeger, Inc.

2025-Q3 EPS reported -$0.74 vs consensus -$2.23 ▲ beat (+66.8%)

Revenue $125.4M, up 2.7% YoY; grill revenue $76.6M (+2.2%); consumables $25.3M (+12.3%).
Net loss $89.8M ($0.67/sh) vs $19.8M loss a year ago, including $74.7M non-cash goodwill impairment.
Adjusted EBITDA $13.8M, up 11.8% from $12.3M; adjusted net loss $0.17/sh vs $0.06/sh.
Project Gravity: Now targeting $50M annualized cost savings (Phase 1 $30M, Phase 2 $20M); total pre-tax charges $21M-$27M.
Phase 2 actions: Exit DTC, discontinue Costco roadshow, shift to distributor in Europe, pellet mill consolidation.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Traeger, Inc. announced a restructuring with charges of between approximately $21.0 million and $27.0 million affecting overall enterprise optimization (Project Gravity).

Type: restructuring
Charge: between approximately $21.0 million and $27.0 million
Affected area: overall enterprise optimization (Project Gravity)

Exact text from the filing

the Company now expects to incur pre-tax charges related to currently known and reasonably estimable actions of Project Gravity of between approximately $21.0 million and $27.0 million (the “Total Costs”), which primarily consist of cash expenditures.

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Traeger, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-049529

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