Earnings ·
Reports Q3 revenue of $74.7M, a 40% drop, with net loss of $28.5M
COOKTraeger, Inc.
Traeger reported third-quarter fiscal 2026 total revenues of $74.7 million, down 40.4% from the prior year period, driven by lower grill and consumable sales. The company posted a net loss of $28.5 million, or $10.33 per diluted share, compared to a net loss of $89.8 million in the same quarter last year which included a $74.7 million goodwill impairment charge. Adjusted EBITDA was a loss of $3.3 million versus an adjusted EBITDA profit of $13.8 million previously. The company narrowed its full-year fiscal 2026 revenue guidance to between $440 million and $460 million, with the midpoint unchanged at $450 million. Traeger is a manufacturer of wood pellet grills and outdoor cooking systems.