earnings
confidence high
sentiment negative
materiality 0.75
Traeger Q2 FY26 revenue down 17.4% to $120.2M; net loss widens to $8.6M; announces Lowe's partnership
Traeger, Inc.
- Total revenues $120.2M, down 17.4% YoY; grill revenues $61.6M, down 17.0%.
- Net loss $8.6M ($3.12/diluted share) vs $7.4M prior year; adjusted net income $1.4M ($0.53).
- Adjusted EBITDA $17.3M, up 21% from $14.3M; maintains FY26 adjusted EBITDA guidance, lowers revenue outlook.
- Announces new distribution partnership with Lowe's; early performance of Westwood and Irontop encouraging.
- Sales and marketing expenses down to $17.1M from $24.8M; restructuring costs $1.5M vs $3.5M.