COOK

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Traeger’s updated work points to a fair value shift from US$45.75 to about US$53.58, which gives investors a new reference point for the stock. Analysts who are more positive on Traeger link this to better earnings execution and cost work, while more cautious analysts point to softer sales and the need for clearer evidence of an earnings inflection. As you read on, you will see how these differing views and the new price target contribute to an evolving narrative around Traeger and how it could inform your own research process. Stay updated as the Fair Value for Traeger shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Traeger. Several firms, including B. Riley, Telsey Advisory and Canaccord, have moved Traeger price targets higher. This provides a sense of how Street models have adjusted after the latest Q2 update. Canaccord lifted its target to US$77 from US$75 and highlighted stronger adjusted EBITDA and gross margins that were 140 bps above their expectations, with Project Gravity cited as helping create a leaner organization. B. Riley raised its target to US$60 from US$40 but kept a Neutral rating and is waiting for clearer visibility on an earnings inflection before becoming more constructive on Traeger stock. Telsey Advisory moved its target to US$65 from US$45 and maintained a Market Perform rating, pointing out that Q2 was mixed and that Traeger has not yet returned to growth following the pandemic period. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives! We've flagged 1 risk for Traeger. See which could impact your investment. Fair value has moved from US$45.75 to about US$53.58. The revenue growth assumption has been revised from about 1.41% to roughly 1.90%. The net profit margin input has moved from about 3.62% to roughly 3.55%. The future P/E multiple has changed from about 6.7x to roughly 12.6x. The discount rate has edged higher from 12.46% to about 12.54%. Narratives connect Traeger’s business story to analyst forecasts and fair value work so you can see what assumptions sit behind the numbers. They refresh as new earnings, guidance and industry data come through. Head over to the Simply Wall St Community and follow the Narrative on Traeger to stay up to date on: How Project Gravity, channel exits and cost actions are aimed at reshaping Traeger’s earnings profile in the years ahead. What analysts are assuming for revenue, margins and earnings by 2029, including the role of consumables and grill mix. The key risks around tariffs, weaker high ticket demand, channel changes and execution on manufacturing shifts and cost savings. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include COOK. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Traeger (COOK) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of a loss of $2.2 per share. This compares to a loss of $0.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +124.09%. A quarter ago, it was expected that this barbecue grill maker would post a loss of $2.7 per share when it actually produced earnings of $1.49, delivering a surprise of +155.19%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Traeger, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $120.16 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 5.71%. This compares to year-ago revenues of $145.48 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Traeger shares have added about 27.4% since the beginning of the year versus the S&P 500's gain of 13%. While Traeger has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Traeger was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.99 on $115.03 million in revenues for the coming quarter and -$2.23 on $470.73 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Discretionary is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Consumer Discretionary sector, Bilibili (BILI), has yet to report results for the quarter ended June 2026. This Chinese video sharing website is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +27.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bilibili's revenues are expected to be $1.16 billion, up 13.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Traeger, Inc. (COOK) : Free Stock Analysis Report Bilibili Inc. Sponsored ADR (BILI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: Second quarter revenues were $120 million, down 17% compared to the prior year. Grill Revenue: Decreased 17% to $62 million, as growth in unit volume was more than offset by lower average selling prices. Consumables Revenue: $33 million, down 10%, driven by seasonal ordering shifts in wood pellets and a comparison against prior year new channel load-in for food consumables. Accessories Revenue: Decreased 26% to $26 million, largely driven by lower sales at MEATER. Gross Profit: Decreased to $47 million from $57 million in the second quarter of '25. Gross Margin: 39.5%, up 30 basis points from the prior year. Net Loss: $9 million, compared to a net loss of $7 million in the second quarter of '25. Net Loss Per Diluted Share: $3.12, compared to a loss of $2.77 in the second quarter of '25. Adjusted Net Income: $1 million or $0.53 per diluted share, compared to an adjusted net loss of $2 million or $0.73 per diluted share in the same period of '25. Adjusted EBITDA: Increased to $17 million in the second quarter from $14 million in the prior year period. Free Cash Flow: Generated $26 million in the second quarter, of which $16 million was attributable to the IEEPA refund. Cash and Cash Equivalents: Totaled $60 million at the end of the second quarter, compared to $20 million at the end of the previous fiscal year. Total Debt: Ended the quarter with $403 million of total debt, with total net debt of $344 million. Inventory: $76 million at the end of the second quarter, compared to $99 million at the end of the fourth quarter of '25 and $116 million at the end of the second quarter of '25. Full Year Revenue Guidance: Lowered to a range of $435 million to $465 million from a prior range of $465 million to $485 million. Full Year Adjusted EBITDA Guidance: Maintained at $57 million to $67 million. Full Year Gross Margin Guidance: Raised to 40% to 41%. Full Year Free Cash Flow Guidance: Reiterated at least $30 million, with year-to-date free cash flow generation of $41 million. Warning! GuruFocus has detected 4 Warning Signs with COOK. Is COOK fairly valued? Test your thesis with our free DCF calculator. Release Date: August 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Consumer engagement remains exceptionally strong, with a record 267,000 connected cooks on July 4th, indicating a highly active installed base. New product lines Westwood and Irontop are exceeding sell-through expectations and receiving 4.8 to 5-star reviews, expanding Traeger's addressable market. Announced a significant distribution expansion with Lowe's, which is expected to be a major long-term growth driver and broaden access to new consumers. Project Gravity continues to deliver cost savings and operational efficiencies, enabling the company to maintain its adjusted EBITDA guidance despite lower revenue. Gross margin guidance was raised to 40%-41%, benefiting from lower tariff costs on MEATER products and improved cost management. Inventory levels were significantly reduced to $76 million from $116 million year-over-year, improving working capital efficiency and cash generation. The company maintains a strong liquidity position of $188 million with credit facilities undrawn, providing financial flexibility. Second quarter revenue declined 17% year-over-year to $120 million, driven by lower average selling prices and softness in the MEATER business. Full-year revenue guidance was lowered to $435-$465 million from $465-$485 million, primarily due to continued softness in MEATER and channel dynamics from distribution expansion. Average selling prices for grills continue to decline, pressured by consumer preference for lower-priced models and the strategic shift to more accessible price points. The Lowe's expansion has caused some existing retail partners to reduce their assortment and investment in the Traeger brand, creating near-term revenue offsets. The MEATER business is underperforming, with promotional activities falling below expectations and contributing to the revenue shortfall. The company faces ongoing tariff-related cost pressures, with higher input costs for transportation and materials, though partially offset by refunds. The replacement cycle for grills has not yet normalized, with higher prices from tariffs dampening unit volumes and delaying expected demand recovery. Q: Can you explain the near-term channel impact associated with the distribution expansion strategy, and is it related to the Lowe's rollout or changes at existing retail partners?A: Jeremy Andrus, CEO, clarified that the pressure stems from existing retail partners adjusting their assortment and investment in the Traeger brand upon learning of the Lowe's expansion. This is a natural part of the channel strategy, and the company must prove that incremental distribution is additive to the overall trade. Joey Hord, CFO, added that MEATER softness was the main driver of the Q2 revenue miss, while cost management offset the impact on profitability. Q: How should we think about the sustainability of Project Gravity cost benefits into 2027, especially given the lowered revenue guidance but maintained EBITDA guidance?A: Joey Hord, CFO, explained that the company is navigating lower top-line guidance by focusing on cost management, particularly repositioning MEATER for profitability. Project Gravity is a multiyear transformation with $50 million of total value capture expected in FY '26 and a long-term range of $64 million to $70 million. The company has conviction that growth will be profitable with EBITDA expansion. Q: Can you provide more directional guidance on the incrementality of the Lowe's partnership for next year and any onetime expenses to embed in 2027 forecasts?A: Jeremy Andrus, CEO, emphasized that Lowe's is a long-term growth opportunity that will develop over many years, providing access to a greater total addressable market and incremental consumers. Joey Hord, CFO, noted the partnership is highly accretive, with investments in fixtures, pellet mill capacity, and human capital. There will be a cash impact modeled out, but it is expected to be high ROI and accretive. Q: When do you think grill ASPs could start to stabilize or normalize, given the continued decline?A: Jeremy Andrus, CEO, cited macro drivers like soft consumer sentiment and spending shifts to necessities, alongside product line architecture changes. The launch of Westwood at a $699-$799 price point brings innovation to more accessible price points, potentially stabilizing ASPs over the next 12 months. Joey Hord, CFO, added that full-year unit volumes are expected to be flat year-over-year, and lower ASP grills still drive the same attach rates for consumables. Q: With $60 million in cash and positive free cash flow, how should we think about leverage and debt paydown?A: Joey Hord, CFO, stated that financial discipline around cash generation is a key underpinning of Project Gravity. The company is always evaluating a debt paydown strategy and is comfortable with the current cash position and net debt. Investments in working capital in Q4 will increase receivables, with cash collection expected in Q1 2027. Q: Can you discuss the key drivers of the increased gross margin guidance and how you're managing rising transportation and input costs?A: Joey Hord, CFO, noted that increased input costs are reflected in the outlook, but the margin rate is benefiting from the IEEPA tariff refund, with $16 million collected in cash and $12 million booked in Q1. Jeremy Andrus, CEO, added that tariffs drove retail prices up by low double digits to low teens, and the company is balancing elasticity at various price points. The current forecasted tariff rate is approximately flat, and the company expects consumers to adjust to higher price points over time. Q: Where do you think we are in the broader grill cycle, and how much of a benefit will the Lowe's load-in be in Q4?A: Jeremy Andrus, CEO, stated that the industry is roughly flat, and Traeger's sell-through is in line with that. The replacement cycle for Traeger grills is about 5 years, but tariff-driven price increases have delayed normalization. Joey Hord, CFO, declined to give specifics on the Lowe's load-in amount but confirmed it is meaningful, accretive, and profitable, with some timing dynamics contributing to the wider guidance range. Q: Should we back out the IEEPA tariff refund benefits when modeling 2027 EBITDA?A: Joey Hord, CFO, explained that of the $16 million in IEEPA refunds, $7 million is related to FY '26 sales with a lower implied tariff rate, while the rest is a onetime benefit. He advised planning for the full guidance midpoint of $62 million, noting that approximately $6 million could be considered a onetime benefit, but $7 million is driven by FY '26 sales. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Traeger, Inc.? Here are five stocks we like better. Second-quarter revenue fell 17% to $120 million, pressured by weaker MEATER accessory sales, lower grill prices and channel changes. Traeger reduced its fiscal 2026 revenue outlook to $435 million–$465 million but maintained adjusted EBITDA guidance of $57 million–$67 million. Despite lower sales, adjusted EBITDA increased to $17 million from $14 million, while cost reductions under Project Gravity helped generate $26 million in free cash flow. Traeger reiterated its expectation for at least $30 million in fiscal 2026 free cash flow. Traeger will begin loading products into Lowe’s stores in the fourth quarter of 2026 ahead of a full national launch in spring 2027. Management views the expansion as a long-term growth opportunity, though it expects near-term investments and possible cash-flow timing effects. 3 Summer Stocks With Insider Buying and Analyst Support Traeger (NYSE:COOK) reported lower second-quarter revenue but higher adjusted EBITDA, as the outdoor cooking company cited softer sales at its MEATER accessories business, lower average grill selling prices and channel changes tied to its planned national rollout at Lowe’s. Second-quarter revenue totaled $120 million, down 17% from the prior-year period. Grill revenue fell 17% to $62 million, while consumables revenue declined 10% to $33 million and accessories revenue decreased 26% to $26 million. Chief Financial Officer Joey Hord said the accessories decline was driven largely by lower MEATER sales. → 3 Drone Stocks That Should Soar After the Summer Slump 4 beaten-down penny stocks ready to take off Traeger lowered its fiscal 2026 revenue outlook to $435 million to $465 million, from a prior range of $465 million to $485 million. The company maintained its adjusted EBITDA guidance of $57 million to $67 million and raised its gross-margin outlook to 40% to 41%. Chief Executive Officer Jeremy Andrus said Traeger entered 2026 expecting several pressures, including MEATER softness, price elasticity, channel inventory normalization and revenue trade-offs associated with its Project Gravity restructuring program. He said the company has seen greater-than-anticipated weakness in MEATER and more near-term channel effects from its distribution strategy. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Traeger, Inc, It's A Smoking Hot Stock Hord said MEATER’s promotional performance came in below expectations and represented the largest factor behind the reduced revenue outlook. He said Traeger is repositioning the business to emphasize profitability and high-return spending, including centralizing MEATER operations from the United Kingdom to Salt Lake City. During the question-and-answer session, Andrus said the broader grill industry is approximately flat based on the data Traeger monitors, and the company’s sell-through trends are broadly in line with that environment. He said Traeger has not yet seen a meaningful normalization of replacement demand following the pandemic-era pull-forward in grill purchases. → Jersey Mike's Serves Fresh Gains After IPO Stumble Traeger expects full-year grill sell-in unit volumes to remain approximately flat year over year, Hord said, even as revenue remains under pressure from lower average selling prices. The company said demand has been more resilient for grills priced below $1,000, while products above $1,000 have shown softness. Traeger announced plans to expand nationally into Lowe’s, with initial product load-in activity beginning in the fourth quarter of 2026. The company plans a full spring 2027 launch of grills, griddles, accessories and consumables. Andrus called the rollout one of the company’s most significant recent distribution expansions, saying it should broaden Traeger’s access to underpenetrated markets and new consumers. However, he also said the expansion has affected discussions with existing retail partners, including some changes in assortments, retail space and investment levels as certain exclusivity arrangements evolve. “There’s a balancing act between number of retail partners and points of distribution and sort of shared commitment,” Andrus said during the call. He said Traeger expects the Lowe’s relationship to be a long-term growth opportunity rather than a near-term “step function” in revenue. Hord said the Lowe’s expansion will require investments in fixtures, pellet-production capacity, field personnel and headquarters resources. He described the initiative as accretive to the company’s business with a high expected return on investment, while noting that it could affect cash flow timing. Traeger expects about two-thirds of its remaining 2026 revenue and substantially all of its remaining adjusted EBITDA generation to occur in the fourth quarter. The outlook reflects the initial Lowe’s load-in and normal seasonal demand patterns, as well as a comparison against a large order timing shift from a strategic partner in the third quarter of 2025. Despite the revenue decline, Traeger’s adjusted EBITDA rose to $17 million in the second quarter from $14 million a year earlier. Adjusted net income was $1 million, or $0.53 per diluted share, compared with an adjusted net loss of $2 million, or $0.73 per diluted share, in the prior-year quarter. Gross profit declined to $47 million from $57 million, but gross margin increased 30 basis points to 39.5%. Hord said gross margin benefited from an IEEPA tariff refund, the timing of trade spending and a higher mix of direct-import sales, partially offset by product mix. Sales and marketing expense fell to $17 million from $25 million, while general and administrative expense declined to $22 million from $26 million. Hord attributed the reductions largely to Project Gravity actions, including lower demand-creation and employee-related costs. The company generated $26 million in free cash flow during the quarter, including $16 million related to the IEEPA refund. Cash and cash equivalents ended the quarter at $60 million, compared with $20 million at the end of fiscal 2025. Total debt was $403 million, resulting in net debt of $344 million. Inventory fell to $76 million, from $116 million a year earlier and $99 million at the end of 2025. Hord said the decline reflected SKU rationalization, business simplification under Project Gravity and lower MEATER inventory. Traeger reiterated its expectation for at least $30 million in fiscal 2026 free cash flow and said it remains on track to capture $50 million of value through Project Gravity during the year. The company said it expects a larger installed base, broader distribution, streamlined operations and a more complete product lineup to support a return to profitable growth in 2027 and beyond. Traeger, trading on the NYSE under the ticker COOK, is a designer, manufacturer and marketer of wood pellet grills and outdoor cooking appliances. The company's core product lineup features a range of hardwood-pellet grills that combine wood-fired flavor with digital temperature control. Beyond grills, Traeger offers a suite of accessories—such as grill covers, smoking woods, meat probes and recipe rubs—as well as outdoor kitchen solutions designed to serve both consumer and light-commercial segments. Founded in 1985 by Joe Traeger, the brand pioneered the wood-pellet grilling category. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Traeger Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Announces Lowe's Partnership, Maintains FY26 Adjusted EBITDA Outlook and Updates Revenue Guidance SALT LAKE CITY, August 05, 2026--(BUSINESS WIRE)--Traeger, Inc. ("Traeger" or the "Company") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced its financial results for the three months ended June 30, 2026. Second Quarter FY26 Results Total revenues decreased 17.4% to $120.2 million Grill revenues decreased 17.0% to $61.6 million Net loss of $8.6 million, up 16.0% from $7.4 million in the prior year Adjusted EBITDA of $17.3 million, up 21.0% from $14.3 million in the prior year Operating cash flow of $27.1 million and free cash flow of $26.5 million Jeremy Andrus, CEO of Traeger, commented, "As we've discussed throughout 2026, this is a transition period for Traeger as we execute Project Gravity and build a stronger, more focused company for the long term. Core elements of our thesis remain intact: consumer engagement is strong, key consumer metrics remain healthier than reported revenue trends would suggest, and our confidence in the long-term opportunity remains unchanged. While we've seen greater softness in the MEATER business and increased near-term channel impacts associated with our distribution strategy, those factors do not change our long-term outlook." "Today, we're also announcing one of the most meaningful distribution expansions in Traeger's recent history through a new partnership with Lowe's. Combined with the encouraging early performance of Westwood and Irontop, we believe this expansion broadens access to the brand, strengthens our position in underpenetrated markets and creates a powerful platform for long-term household acquisition and growth," continued Mr. Andrus. "Importantly, despite lowering our revenue outlook, we are maintaining our Adjusted EBITDA guidance while continuing to invest behind the initiatives that matter most. Project Gravity continues to strengthen our operating model, improve cash generation and create greater flexibility to invest in growth. As we enter 2027, we expect to benefit from a larger installed base, broader distribution footprint, a more complete product architecture and a simpler operating model, reinforcing our confidence in Traeger's ability to return to profitable growth," concluded Mr. Andrus. Operating Results for the Second Quarter Total revenue decreased by 17.4% to $120.2 million, compared to $145.5 million in the second quarter last year. Grills decreased 17.0% to $61.6 million as compared to the second quarter last year. The decrease was primarily driven by lower average selling prices, reflecting a shift in product mix towards more accessible price points, as well as pricing and channel actions under Project Gravity. These factors were partially offset by higher unit volumes associated with new product launches. Consumables decreased 9.9% to $32.8 million as compared to the second quarter last year. The decrease was driven by lower wood pellet sales, reflecting seasonal ordering timing, and a decrease in food consumables sales reflecting prior year channel expansion. Accessories decreased 26.2% to $25.8 million as compared to the second quarter last year. This decrease was driven primarily by lower sales of MEATER smart thermometers. Gross profit decreased to $47.4 million, compared to $57.0 million in the second quarter last year. Gross profit margin was 39.5% in the second quarter, compared to 39.2% in the same period last year. The increase in gross margin was primarily driven by the benefit from the IEEPA tariff refund, timing of trade spend, and higher mix of direct import sales, partially offset by product mix. Sales and marketing expenses were $17.1 million, compared to $24.8 million in the second quarter last year. The decrease in sales and marketing expense was driven by lower employee-related costs and reduced demand creation spend, reflecting cost reduction actions associated with Project Gravity. General and administrative expenses were $21.8 million, compared to $26.0 million in the second quarter last year. The decrease in general and administrative expense was driven by lower employee-related costs, reflecting cost reduction actions associated with Project Gravity. Restructuring and other costs were $1.5 million, compared to $3.5 million in the second quarter last year. The decrease was primarily driven by lower severance and other personnel costs, as well as reduced consulting fees. Net loss was $8.6 million in the second quarter, or $3.12 per diluted share, as compared to a net loss of $7.4 million in the second quarter of last year, or $2.77 per diluted share.1 Adjusted net income was $1.4 million, or $0.53 per diluted share as compared to adjusted net loss of $1.9 million, or $0.73 per diluted share in the second quarter last year.2 Adjusted EBITDA was $17.3 million in the second quarter as compared to $14.3 million in the same period last year despite lower revenue, reflecting the benefit of Project Gravity actions, disciplined expense management and continued focus on profitability.2 Balance Sheet Cash and cash equivalents at the end of the second quarter totaled $59.7 million, compared to $19.6 million at December 31, 2025. Inventory at the end of the second quarter was $76.3 million, compared to $98.8 million at December 31, 2025. These improvements reflect continued execution under Project Gravity and support our focus on balance sheet health and liquidity. Guidance For Full Year Fiscal 2026 This updated outlook reflects the continued execution of Project Gravity, including approximately $50 million of value capture in fiscal 2026. The reduction in revenue guidance is primarily due to additional softness in the MEATER business and anticipated near-term channel offsets associated with the Company's distribution expansion strategy, revising our previously issued revenue guidance range of $465 million to $485 million. Adjusted EBITDA guidance is unchanged despite lower revenue expectations, and gross margin guidance has been increased to reflect favorable tariff assumptions relative to prior expectations, revising our previously issued gross margin guidance range of 39.5% to 40.5%. Free Cash Flow guidance reflects continued progress on working capital efficiency and inventory reduction initiatives. Total revenue is expected to be between $435 million and $465 million Gross Margin is expected to be between 40.0% and 41.0% Adjusted EBITDA is expected to be between $57 million and $67 million Free Cash Flow is expected to be at least $30 million A reconciliation of Adjusted EBITDA and Free Cash Flow guidance to Net Loss and Net cash provided by (used in) operating activities on a forward-looking basis cannot be provided without unreasonable efforts, as the Company is unable to provide reconciling information with respect to, in the case of Adjusted EBITDA, adjustments for benefit for income taxes, interest expense, depreciation and amortization, other (income) expense, stock-based compensation, non-routine legal expenses, restructuring and other costs and employee retention tax credits, and, in the case of Free Cash Flow, adjustments for purchases of property, plant, and equipment. Conference Call Details A conference call to discuss the Company's second quarter results is scheduled for Wednesday, August 5, 2026, at 4:30 p.m. ET. To participate, please dial (833) 461-5787 or +1 (585) 542-9983 for international callers, conference ID 167441052. The conference call will also be webcast live at https://investors.traeger.com. A replay of the webcast will also be available approximately two hours after the conclusion of the call on the Company's website at https://investors.traeger.com. A supplemental presentation has also been posted to the Company's website at https://investors.traeger.com. About Traeger Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. In 2023, Traeger entered the griddle category, further establishing its leadership position in the outdoor cooking space. Traeger grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with flavor that cannot be replicated. Grills are at the core of our platform and are complemented by Traeger wood pellets, rubs, sauces, accessories, and MEATER smart thermometers. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our anticipated full year fiscal 2026 results, our Project Gravity initiative, our strategy, our upcoming product launches, consumer demand for our products, our new retail distribution partnership with Lowe’s and the anticipated timing and benefits thereof, the expected timing of revenue and Adjusted EBITDA generation during fiscal 2026, and our financial position. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, our realization of the anticipated benefits from Project Gravity and the impact that Project Gravity may have on our business; our history of operating losses; our ability to manage our business through periods of strategic realignment; our ability to expand into additional markets; our ability to maintain and strengthen our brand to generate and maintain ongoing demand for our products; our ability to cost-effectively attract new customers and retain our existing customers; our failure to maintain product quality and product performance at an acceptable cost; U.S. trade policies, tariffs, antidumping and countervailing duty proceedings on our business; the impact of product liability and warranty claims and product recalls; the highly competitive market in which we operate; the use of social media and community ambassadors affecting our reputation or subjecting us to fines or other penalties; issues in relation to sustainability and corporate responsibility matters; any decline in demand from certain retailers; risks associated with our significant international operations; our reliance on a limited number of third-party manufacturers; and the other factors discussed under the caption "Risk Factors" in our periodic and current reports filed with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2025. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. TRAEGER, INC.RECONCILIATIONS OF AND OTHER INFORMATION REGARDING NON-GAAP FINANCIAL MEASURES(unaudited) In addition to our results and measures of performance determined in accordance with U.S. GAAP, we believe that certain non-GAAP financial measures are useful in evaluating and comparing our financial and operational performance over multiple periods, identifying trends affecting our business, formulating business plans and making strategic decisions. Each of Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Net Income (Loss) per share, Adjusted EBITDA Margin, Adjusted Net Income (Loss) Margin, and Adjusted Gross Margin are key performance measures that our management uses to assess our financial performance and is also used for internal planning and forecasting purposes. We believe that these non-GAAP financial measures are useful to investors and other interested parties in analyzing our financial performance because they provide a comparable overview of our operations across historical periods. In addition, we believe that providing each of Adjusted EBITDA and Adjusted Net Income (Loss), together with a reconciliation of Net Loss to each such measure, and providing Adjusted Net Income (Loss) per share, together with a reconciliation of Net Loss per share to such measure, and Adjusted EBITDA Margin, Adjusted Net Income (Loss) Margin, and Adjusted Gross Margin, together with a reconciliation of Net Loss Margin and Gross Margin to such measures, helps investors make comparisons between our company and other companies that may have different capital structures, different tax rates, and/or different forms of employee compensation. We also believe that providing Free Cash Flow, together with a reconciliation of Net cash provided by (used in) operating activities to such measure, helps investors assess our liquidity and our ability to generate cash from operations. For example, due to finite-lived intangible assets included on our balance sheet following our corporate reorganization in 2017, we have significant non-cash amortization expense attributable to the nature of our capital structure. Each of Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Net Income (Loss) per share, Adjusted EBITDA Margin, Adjusted Net Income (Loss) Margin, and Adjusted Gross Margin are used by our management team as an additional measure of our performance for purposes of business decision-making, including managing expenditures, and evaluating potential acquisitions. Period-to-period comparisons of Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Net Income (Loss) per share, Adjusted EBITDA Margin, Adjusted Net Income (Loss) Margin, and Adjusted Gross Margin help our management identify additional trends in our financial results that may not be shown solely by period-to-period comparisons of Net Loss or Loss from Continuing Operations or Net Loss per share. Period-to-period comparisons of Free Cash Flow help our management identify additional trends in our liquidity that may not be shown solely by period-to-period comparisons of Net cash provided by (used in) operating activities. In addition, we may use Adjusted EBITDA in the incentive compensation programs applicable to some of our employees. Each of Adjusted EBITDA, Adjusted Net Income (Loss), and Adjusted Net Income (Loss) per share has inherent limitations because of the excluded items, and may not be directly comparable to similarly titled metrics used by other companies. The following table presents a reconciliation of Gross Margin, the most directly comparable financial measure calculated in accordance with U.S. GAAP, to Adjusted Gross Margin on a consolidated basis. The following table presents a reconciliation of Net cash provided by (used in) operating activities, the most directly comparable financial measure calculated in accordance with U.S. GAAP, to Free Cash Flow on a consolidated basis. A reconciliation of Free Cash Flow guidance to Net cash provided by (used in) operating activities on a forward-looking basis cannot be provided without unreasonable efforts, as the Company is unable to provide reconciling information with respect to the impact for the purchases of property, plant and equipment, which is an adjustment to Free Cash Flow. The following table presents a reconciliation of Net Loss, Net Loss Margin and Net Loss per share, the most directly comparable financial measures calculated in accordance with U.S. GAAP, to Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income (Loss), Adjusted Net Income (Loss) Margin and Adjusted Net Income (Loss) per share, respectively, on a consolidated basis. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805720511/en/ Contacts Investors:Stephanie ReadTraeger, [email protected] Media:The Brand [email protected]

Traeger (COOK) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of a loss of $2.7 per share. This compares to earnings of $2.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +155.13%. A quarter ago, it was expected that this barbecue grill maker would post earnings of $1 per share when it actually produced earnings of $0.5, delivering a surprise of -50%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Traeger, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $94.07 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.56%. This compares to year-ago revenues of $143.28 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Traeger shares have lost about 18.8% since the beginning of the year versus the S&P 500's gain of 8.1%. While Traeger has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Traeger was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.61 on $124.63 million in revenues for the coming quarter and -$2.42 on $471.15 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Discretionary is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Consumer Discretionary sector, Alliance Entertainment Holding Corporation (AENT), has yet to report results for the quarter ended March 2026. The results are expected to be released on May 14. This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Alliance Entertainment Holding Corporation's revenues are expected to be $223.08 million, up 4.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Traeger, Inc. (COOK) : Free Stock Analysis Report Alliance Entertainment Holding Corporation (AENT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: Declined 34% to $94 million. Grills Revenue: Decreased 45% to $47 million. Consumables Revenue: Decreased 14% to $26 million. Accessories Revenue: Decreased 22% to $21 million. Gross Margin: 45.7%, up 420 basis points, including a $12.4 million IEEPA tariff refund benefit. Adjusted EBITDA: $17 million, including a $12.4 million IEEPA tariff refund benefit. Net Income: $3 million compared to a net loss of $1 million in the first quarter of '25. Net Income Per Diluted Share: $1.08 compared to a loss of $0.30 in the first quarter of '25. Free Cash Flow: Generated $14.5 million. Inventory: Reduced by 31% year-over-year to $88 million. Cash and Cash Equivalents: Totaled $34 million at the end of the first quarter. Total Net Debt: $370 million. Full Year Revenue Guidance: Reiterated at $465 million to $485 million. Full Year Adjusted EBITDA Guidance: Increased to $57 million to $67 million. Full Year Gross Margin Outlook: Increased to 39.5% to 40.5%. Free Cash Flow Guidance: Unchanged at greater than $30 million. Warning! GuruFocus has detected 4 Warning Signs with COOK. Is COOK fairly valued? Test your thesis with our free DCF calculator. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Traeger Inc (NYSE:COOK) reported a $12 million P&L benefit in Q1 related to an IEEPA tariff refund, which was not initially included in their guidance. Social engagement for the Traeger brand increased by over 30% year-over-year, indicating strong brand engagement. The launch of the Westwood grill lineup has been successful, with consumer ratings of 4.8 to 5 stars across major retailers. Sell-through is tracking slightly above expectations, indicating healthy consumer demand. Project Gravity is expected to deliver approximately $64 million to $70 million of total run rate value, contributing to improved financial health. First quarter revenues declined 34% to $94 million, with grills revenues decreasing 45% due to several factors including difficult prior year comparisons and channel optimization. Gross margin, excluding the IEEPA refund, was down 890 basis points due to timing of trade spend and other factors. The company faces ongoing macroeconomic headwinds, including rising transportation costs and broader tariff uncertainties. MEATER sales have decreased, contributing to a 22% decline in accessories revenues. There is continued pressure on margins due to a mix shift towards lower-priced grills and promotional timing. Q: When do you expect the tariff refund to be paid out, and what are the fuel cost assumptions in your forecast? A: Joey Hord, CFO, stated that they expect the tariff refund to be paid within 60 to 90 days. They have accounted for approximately $1 million in increased fuel costs due to macroeconomic factors and are being prudent in their planning regarding ongoing tariff exposure. Q: What is driving the improved sell-through, and how is the promotional environment affecting it? A: Jeremy Andrus, CEO, explained that despite a challenging macro environment, the brand's health and execution are strong. They believe their share is slightly up, excluding divested channels. The promotional environment is not significantly impacting sell-through, which is tracking slightly above expectations. Q: Is the $12 million IEEPA tariff refund the full amount paid, and what are the expectations for consumables? A: Joey Hord, CFO, clarified that the $12 million is part of a $15.5 million total refund expected. Consumables are affected by timing shifts and channel divestments, but sell-through is strong and tracking according to plan. Q: How are you handling the IEEPA refund with suppliers, and what are your inventory expectations? A: Joey Hord, CFO, mentioned that they are in communication with partners about recapturing tariffs. Inventory levels are healthy, and they are focused on reducing MEATER inventory. They do not expect inventory to return to previous high levels. Q: What is the status of production diversification out of China, and how do recent tariff changes affect you? A: Joey Hord, CFO, stated that while they aim to diversify production outside China, they are being strategic due to current tariff parity. Recent tariff changes have not materially affected their plans, and they continue to plan based on the current tariff rate. For the complete transcript of the earnings call, please refer to the full earnings call transcript.