secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K
Filed at:   2026-05-11T20:09:57+00:00
Accession:  0001628280-26-033467
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/0001628280-26-033467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/tra-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033467

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