Quarterly ResultMay 11, 2026, 05:32 PM
Traeger Q1 Net Income $2.93M vs Loss; Revenue Down 34.4%; 1-for-50 Split
AI Summary
Traeger, Inc. reported a net income of $2.93 million for the first quarter of 2026, a significant improvement from a net loss of $0.78 million in the prior year, primarily boosted by an $11.6 million Employee Retention Tax Credit benefit. However, total revenue decreased by 34.4% to $94.07 million. The company also completed a 1-for-50 reverse stock split effective March 17, 2026.
Key Highlights
- Net income was $2.93 million for Q1 2026, compared to a net loss of $0.78 million in Q1 2025.
- Revenue decreased 34.4% to $94.07 million in Q1 2026 from $143.28 million in Q1 2025.
- Diluted EPS was $1.08 in Q1 2026, up from $(0.30) in Q1 2025.
- Net cash provided by operating activities was $17.90 million, a swing from $20.84 million used in Q1 2025.
- A 1-for-50 reverse stock split became effective on March 17, 2026.
- The company received an $11.6 million Employee Retention Tax Credit benefit in Q1 2026.
- Grills revenue declined to $47.36 million in Q1 2026 from $86.69 million in Q1 2025.
- North America revenue decreased to $84.82 million in Q1 2026 from $133.31 million in Q1 2025.
Price Impact
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