Traeger Q1 revenue down 34% to $94.1M; raises FY 2026 Adj. EBITDA & margin outlook

Traeger, Inc.

2026-Q1 EPS reported $1.08 vs consensus -$3.09 ▲ beat (+135.0%)

Revenue $94.1M (-34.3% YoY); grill revenue $47.4M (-45.4%), consumables $26.1M (-13.7%), accessories $20.6M (-21.8%).
Net income $2.9M ($1.08 diluted EPS) vs net loss $0.8M ($0.30 loss) YoY; adjusted net income $4.0M ($1.49 EPS).
Adjusted EBITDA $17.3M vs $22.5M; gross margin 45.7% includes $12.4M IEEPA tariff refund; ex-refund margin 32.6%.
Raises full-year 2026 adjusted EBITDA and gross margin outlook; reiterates revenue guidance on Project Gravity momentum.
Project Gravity on track; launched Westwood and Irontop grills; partial offsets from MEATER competition and tariff uncertainty.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Traeger, Inc. reported the three months ended March 31, 2026 results: revenue $94.1 million, net income $2.9 million, EPS $1.08 per diluted share. Guidance raised.

Period: the three months ended March 31, 2026
Revenue: $94.1 million
Net income: $2.9 million
EPS: $1.08 per diluted share
Guidance: raised
Result: preliminary results

Exact text from the filing

leader of the wood pellet grill, today announced its financial results for the three months ended March 31, 2026. First Quarter 2026 Results • Total revenues decreased 34.3% to $94.1 million • Grill revenues decreased 45.4% to $47.4 million • Net income of $2.9 million or $1.08 per diluted share 1 • Adjusted EBITDA of $17.3 million • Operating cash flow of $17.9

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Source: SEC EDGAR

accession 0001628280-26-033467

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