secwatch.observer — SEC 8-K summary
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Issuer:     Traeger, Inc. (COOK)
CIK:        0001857853
Form:       8-K/A
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001857853-25-000093
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Traeger Q2 revenue falls 13.6% to $145.5M, net loss widens; unveils Project Gravity targeting $30M cost savings
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857853/000185785325000093/0001857853-25-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857853/000185785325000093/tra-20250515.htm
  HTML page:      https://secwatch.observer/filing/0001857853-25-000093

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