---
schema_version: "secwatch.filing_event.v1"
accession: "0001857853-23-000071"
form_type: "8-K"
ticker: "COOK"
cik: "0001857853"
company_name: "Traeger, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:54:46.420804+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Traeger Q2 revenue falls 14.4% to $171.5M; adjusted EBITDA up 26% to $21.5M; raises FY23 guidance

## Summary
- Net loss of $32.9M ($0.27 loss per share) vs $133.1M loss ($1.13) a year ago; adjusted EPS $0.04.
- Grills revenue down 20.9% to $93.1M; consumables down 17.1% to $34.9M; accessories up 7.4% to $43.5M.
- Gross margin improved 25 bps to 36.9% on freight and FX favorability.
- Raises FY 2023 revenue and Adjusted EBITDA guidance citing better-than-expected H1 results.
- 26% sequential reduction in balance sheet inventory from inventory management efforts.

## SEC filing metadata
- accession: 0001857853-23-000071
- form_type: 8-K
- ticker: COOK
- cik: 0001857853
- company_name: Traeger, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857853/000185785323000071/0001857853-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857853/000185785323000071/tra-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001857853-23-000071
- JSON: https://secwatch.observer/filing/0001857853-23-000071.json
- Plain text: https://secwatch.observer/filing/0001857853-23-000071.txt

## Key facts
- Earnings Releases
  Traeger, Inc. reported three months ended June 30, 2023 results: revenue $171.5 million, net income $32.9 million, EPS $0.27 per diluted share. Guidance raised.
  - Period: three months ended June 30, 2023
  - Revenue: $171.5 million
  - Net income: $32.9 million
  - EPS: $0.27 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: leader of the wood pellet grill, today announced its financial results for the three months ended June 30, 2023. Second Quarter FY 23 Results • Total revenues decreased 14.4% to $171.5 million • Gross profit margin of 36.9%, up 25 basis points compared to prior year • Net loss of $32.9 million compared to a loss of $133.1 million in the prior year • Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857853/000185785323000071/0001857853-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.