earnings
confidence medium
sentiment negative
materiality 0.75
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.
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