secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K/A
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001628280-25-049529
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q3 rev $125.4M (+2.7%); net loss $89.8M on $74.7M goodwill impairment; targets $50M cost savings
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000162828025049529/0001628280-25-049529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000162828025049529/tra-20250515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049529

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer