Traeger, Inc.

Traeger, Inc. reported a decrease in revenue for the second quarter and first half of 2026 compared to the prior year. Second-quarter net loss increased to $(8.56) million, though the six-month net loss improved to $(5.64) million. The company saw a significant increase in cash and cash equivalents and a positive shift in net cash from operating activities. A 1-for-50 reverse stock split became effective on March 18, 2026.

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.

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.

Traeger, Inc. announced its first quarter fiscal 2026 results, reporting a 34.3% decrease in total revenues to $94.1 million. Despite the revenue decline, the company achieved a net income of $2.9 million, or $1.08 per diluted share, a significant improvement from a net loss in the prior year. Traeger also raised its full-year 2026 Adjusted EBITDA and gross margin outlook, while reiterating its revenue guidance, attributing the positive adjustments to Project Gravity initiatives and an IEEPA tariff refund.

Traeger, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 9, 2026. Key proposals include the election of Martin Eltrich and Steven Richman as Class II directors and the ratification of Ernst & Young LLP as the independent auditor for 2026. Raul Alvarez will retire as a Class III director, effective at the Annual Meeting. The company also highlighted strong 2025 performance with revenue and Adjusted EBITDA above guidance and noted a 1-for-50 reverse stock split in March 2026.