Quarterly ResultAug 5, 2026, 04:17 PM
Traeger Q2 Revenue $120.2M (-17.4%); Adj EBITDA $17.3M (+21%); Lowe's Partnership
AI Summary
Traeger, Inc. announced its second quarter fiscal 2026 financial results, with total revenues decreasing 17.4% to $120.2 million. Despite the revenue decline, the company reported an adjusted EBITDA increase of 21.0% to $17.3 million, attributed to Project Gravity actions and expense management. Traeger also announced a new distribution partnership with Lowe's and updated its full-year fiscal 2026 revenue guidance downwards while maintaining its Adjusted EBITDA outlook.
Key Highlights
- Total revenues decreased 17.4% to $120.2 million in Q2 FY26.
- Adjusted EBITDA increased 21.0% to $17.3 million in Q2 FY26.
- Net loss was $8.6 million, up 16.0% from $7.4 million in the prior year.
- Grill revenues decreased 17.0% to $61.6 million.
- Operating cash flow was $27.1 million and free cash flow was $26.5 million.
- Full-year FY26 revenue guidance updated to $435 million to $465 million.
- Full-year FY26 Adjusted EBITDA guidance maintained at $57 million to $67 million.
- Announced new distribution partnership with Lowe's.
Price Impact
More from COOK