Traeger, Inc. (COOK) Earnings Call Transcripts

Traeger, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Traeger, Inc. reported revenues of $94 million, a 34% decline year-over-year, primarily due to challenging prior year comparisons and strategic channel optimization. However, net income improved to $3 million from a loss of $1 million in the prior year, aided by a $12 million benefit from an IEEPA tariff refund. Management raised adjusted EBITDA guidance to a range of $57 million to $67 million, while maintaining revenue guidance of $465 million to $485 million, signaling confidence in underlying demand despite macroeconomic pressures.

Reported metrics

Guidance from management

Management maintained revenue guidance at $465 million to $485 million while raising adjusted EBITDA guidance to $57 million to $67 million, reflecting the impact of the IEEPA tariff refund. They will reassess guidance in future calls as visibility improves regarding macroeconomic conditions.

What management said

Yes. Overall, we have just around $15.5 million of total IEEPA tariff refund that we feel were due. We've taken the $12.4 million in Q1, which is reflected. The way that we account for this going forward is as we sell in inventory and that has been impacted by tariffs, we'll book -- we'll continuously book that in the P&L. So we do feel there's going to be around $1.5 million this fiscal year. So our total FY '26 exp...

Yes. I mean the consumables is largely consistent with the rest of our portfolio regarding just the timing shifts year-over-year. There's really a few main drivers of revenue declines broadly speaking. First is just prior year tariff -- or sorry, elasticity built into our pricing, just some of the gravity channel shifts. We've divested Costco roadshows and our DTC channel. That's impacting broadly speaking, over all ...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of sell-through improvements and the impact of rising transportation costs on margins. There were also questions about the timing and distribution of the tariff refunds and how they would affect pricing strategies moving forward.

Main topics on the call

• Revenue Decline — Traeger reported a revenue decline of 34% to $94 million, driven by difficult prior year comparisons and deliberate channel optimization under Project Gravity. Management noted, "The quarter developed largely as we expec...
• Tariff Refund Impact — The company recognized a $12 million benefit from an IEEPA tariff refund, which positively impacted gross profit and adjusted EBITDA. Joey Hord stated, "We recognized a $12.4 million benefit to gross profit and adjusted ...
• Sell-Through Performance — Sell-through is tracking slightly above expectations as the company heads into peak season, with management stating, "Year-to-date, early season demand is encouraging." This suggests a potential rebound in consumer inter...
• Product Launches — Traeger launched the Westwood grill lineup aimed at a more accessible market segment, which has received positive initial consumer ratings. Management noted, "We believe the Westwood launch is an early proof point of bra...

Read the full Traeger, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Traeger, Inc. earnings call transcripts on record, spanning September 9, 2021 to August 5, 2026. Based on this history, Traeger, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

COOK

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

23

First call

September 9, 2021

Most recent

August 5, 2026

Reporting cadence

quarterly