Traeger, Inc. (COOK): restructuring charge — Traeger Q2 revenue falls 13.6% to $145.5M, net loss widens; unveils Project Gravity targeting $30M cost savings

Traeger, Inc.

2025-Q2 EPS reported -$0.06 vs consensus $2.55 ▼ miss (-102.4%)

Total revenue $145.5M, down 13.6% YoY; net loss $7.4M ($0.06/diluted) vs $2.6M loss prior year.
Adjusted EBITDA $14.3M vs $26.8M; gross margin 39.2% vs 42.9% due to tariff costs and promotion.
Grills revenue -21.9%, Consumables +7.5% (pellet growth), Accessories -11.9% (MEATER decline).
Project Gravity restructuring: $30M annualized savings by end FY2026; $6-8M pre-tax charges ($4-5M severance, $2-3M professional fees).
Expects to offset ~80% of $60M unmitigated tariff exposure in FY2025; FY2025 guidance provided but specific numbers not in filed excerpt.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Traeger, Inc. announced a restructuring with charges of between approximately $6.0 million and $8.0 million affecting the Company’s operations; closure of its office located in the United Kingdom (a reduction in force).

Type: restructuring
Charge: between approximately $6.0 million and $8.0 million
Affected area: the Company’s operations; closure of its office located in the United Kingdom
Headcount: a reduction in force

Exact text from the filing

the Board of Directors of Traeger approved a comprehensive enterprise initiative designed to streamline the Company’s organizational structure and rebalance its cost base to improve profitability and cash flow generation. As part of this initiative, the Company plans to identify opportunities to deliver cost savings and efficiencies. These savings are expected to be achieved through a multi-step strategic optimization plan (“Project Gravity”), which includes a reduction in force and the centralization (“Phase 1”) and streamlining of the Company’s operations (“Phase 2”). As part of Project Gravity, the Company has conducted a reduction in force and certain other steps, including the closure of its office located in the United Kingdom, in order to centralize its operations in Utah. The Company expects to incur pre-tax charges and future cash expenditures related to currently known and reasonably estimable actions of Project Gravity of between approximately $6.0 million and $8.0 million (

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Traeger, Inc. filing history →

Source: SEC EDGAR

accession 0001857853-25-000093

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