Traeger Announces Third Quarter Fiscal 2026 Results
Business Wire•04/11/2026•16:10 ET
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Key Highlights
- ➤Q3 revenue fell 40.4% to $74.7 million
- ➤Q3 Adjusted EBITDA loss widened to $3.3 million
- ➤FY26 revenue guidance narrowed to $440 million-$460 million, midpoint unchanged
- ➤FY26 Adjusted EBITDA guidance narrowed to $59 million-$65 million, midpoint unchanged
- ➤National Lowe’s launch planned for spring 2027
Expert Statements
Jeremy Andrus, CEO of Traeger
“Our third-quarter revenue came in at the low end of the pacing we outlined last quarter, with some activity shifting into the fourth quarter. We believe consumer demand remains healthier than our reported revenue suggests, particularly at more accessible price points. We expect to return to revenue and Adjusted EBITDA growth in the fourth quarter, supported by channel expansion and the activity that shifted out of the third quarter.”
Jeremy Andrus, CEO of Traeger
“Looking ahead to our national Lowe’s launch in spring 2027, we believe broader distribution, together with Westwood and Irontop, will expand access to the Traeger brand and create new opportunities for household acquisition,”
Jeremy Andrus, CEO of Traeger
“The work we have done through Project Gravity has given us a simpler operating model, a stronger balance sheet, and the capacity to invest behind the consumer and our retail partners. Combined with broader distribution and a stronger product portfolio, we believe these foundations position Traeger to return to profitable growth in 2027,”
Narrows FY26 Revenue and Adjusted EBITDA Guidance Ranges with the Midpoints Unchanged, and Reiterates Gross Margin and Free Cash Flow Guidance
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 September 30, 2026.
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