<span item_type="fundamental" item_id="bc9453422ddc27cfef48151f4cb7300a" counter_id="ST/US/COOK" env="prod"></span><span item_type="announcement" item_id="647287822113640066" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 94.07 M, missing the estimate of USD 95.05 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 1.08, beating the estimate of USD -6.4933.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 6.587 M.</p><p></p><h3>First Quarter 2026 Financial Results</h3><h4>Total Revenue</h4><p>Total revenues for Traeger, Inc. decreased by 34.3% to $94.1 million for the three months ended March 31, 2026, compared to $143.3 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Segment Revenue</h4><p>Grill revenues decreased by 45.4% to $47.4 million for the three months ended March 31, 2026, compared to the first quarter of the prior year, primarily due to reductions in unit volumes and average selling price. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Consumables revenues decreased by 13.7% to $26.1 million for the three months ended March 31, 2026, primarily due to lower average selling price of wood pellets and food consumables. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Accessories revenues decreased by 21.8% to $20.6 million for the three months ended March 31, 2026, mainly driven by lower sales of MEATER smart thermometers and a decrease in the average selling price of Traeger, Inc. branded accessories. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Gross Profit and Margin</h4><p>Gross profit decreased to $43.0 million for the three months ended March 31, 2026, compared to $59.5 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Gross margin was 45.7% for the three months ended March 31, 2026, compared to 41.5% in the same period last year, with the increase including a $12.4 million benefit from an IEEPA tariff refund. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Excluding the IEEPA tariff refund, adjusted gross margin was 32.6% for the three months ended March 31, 2026, which is a decrease of 890 basis points from 41.5% in the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Operating Costs</h4><p>Sales and marketing expenses were $12.6 million for the three months ended March 31, 2026, compared to $22.2 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> General and administrative expenses were $19.4 million for the three months ended March 31, 2026, compared to $25.0 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Amortization of intangible assets was $8.8 million for the three months ended March 31, 2026, consistent with the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Restructuring and other costs of $3.2 million were recorded for the three months ended March 31, 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Total operating expense was $44.0 million for the three months ended March 31, 2026, compared to $56.0 million for the same period in the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Operating Profit</h4><p>Income from operations was - $1.0 million for the three months ended March 31, 2026, compared to $3.4 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Net Income</h4><p>Net income was $2.9 million for the three months ended March 31, 2026, compared to a net loss of - $0.8 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Adjusted net income was $4.0 million for the three months ended March 31, 2026, compared to $6.6 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA was $17.3 million for the three months ended March 31, 2026, compared to $22.5 million in the same period last year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Cash Flow</h4><p>Operating cash flow was $17.9 million for the three months ended March 31, 2026, compared to - $20.8 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Free cash flow was $14.5 million for the three months ended March 31, 2026, compared to - $22.7 million in the first quarter of the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h4>Balance Sheet Highlights</h4><p>Cash and cash equivalents totaled $33.7 million at March 31, 2026, up from $19.6 million at December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Inventory was $87.8 million at March 31, 2026, down from $98.8 million at December 31, 2025, and $127.2 million at March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p><h3>Outlook / Guidance for Full Year Fiscal 2026</h3><p>Traeger, Inc. has raised its Adjusted EBITDA and gross margin outlook for the full year 2026, while reiterating its revenue guidance. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> The company expects total revenue to be between $465 million and $485 million, gross margin between 39.5% and 40.5%, and Adjusted EBITDA between $57 million and $67 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span> Free cash flow is expected to be at least $30 million, although this guidance does not reflect the impact of the tariff refund due to uncertainty around cash realization timing. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857853/000162828026033467/q1-26earningspressrelease.htm"></span></p>

Traeger | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 94.07 M