Traeger, Inc. ( (COOK) ) has released its Q2 earnings. Here is a breakdown of the information Traeger, Inc. presented to its investors.
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Traeger, Inc., based in Salt Lake City, is a leading innovator in the outdoor cooking industry, known for its wood pellet grills that offer versatile cooking options such as grilling, smoking, and baking. In its latest earnings report for the second quarter of fiscal 2025, Traeger announced a decrease in total revenues by 13.6% to $145.5 million and reported a net loss of $7.4 million. The company highlighted its Project Gravity initiative aimed at streamlining operations and achieving $30 million in annualized cost savings. Key financial metrics showed a decline in grill sales by 21.9%, while consumables rose by 7.5%, and accessories fell by 11.9%. The company’s gross profit margin decreased to 39.2%, impacted by tariffs and promotional activities. Despite these challenges, Traeger is focused on mitigating tariff impacts and improving profitability through strategic initiatives. Looking forward, Traeger remains committed to enhancing operational efficiency and expects to see improvements in Adjusted EBITDA in the latter half of 2025, driven by ongoing efforts to streamline operations and manage costs effectively.