Traeger (COOK) Earnings Dates, Call Summary & Reports

175 Followers

Earnings Data

Report Date

Aug 12, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-1.57

Last Year’s EPS

-0.5

Same Quarter Last Year

Analyst Consensus

Hold

Based on 7 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 11, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presents a balanced picture: strong brand engagement, promising early product launch momentum (Westwood and Irontop), meaningful cost and inventory reductions from Project Gravity and improved cash generation supported by an IEEPA tariff refund that allowed management to raise adjusted EBITDA and gross margin guidance. Offsetting these positives are material top-line declines (Q1 revenue down 34%, grills down 45%), pressure on adjusted EBITDA and underlying gross margin when excluding the tariff benefit, MEATER-related challenges, and ongoing tariff and macro uncertainties. Given the comparable weight of operational/financial improvements and significant revenue/margin headwinds, the overall tone is cautiously optimistic but pragmatic.

Company Guidance

Management reiterated full‑year revenue guidance of $465–$485 million, raised adjusted EBITDA to $57–$67 million and increased gross margin guidance to 39.5%–40.5%, while keeping free cash flow guidance > $30 million (the $15.6 million IEEPA receivable—$12.4 million booked in Q1—is not included until converted to cash, which management expects in ~60–90 days). They said Project Gravity is expected to deliver roughly $50 million of value capture in ’26 (about $30 million incremental this year) and a longer‑term run‑rate benefit of ~$64–$70 million, with guidance holding offsets for MEATER competitive pressure, rising transport/fuel costs (≈$1M impact) and tariff uncertainty. Key balance‑sheet/liquidity metrics cited: $34 million cash, $403 million total debt ($370 million net debt), $184 million total liquidity, undrawn $112.5 million revolver; Q1 produced $14.5 million free cash flow and $17 million adjusted EBITDA (including the $12.4 million IEEPA benefit).

Strong Brand Engagement

Social engagement up over 30% year-over-year in Q1 with 65% of organic impressions coming from nonfollowers; brand ambassadors generated ~170 million impressions across more than 3,000 posts in the quarter and the ambassador program delivers over 1 billion impressions annually.

Successful New Product Launches and Early Momentum

Westwood grill launch generated >60% more impressions versus Woodbridge 2025, received consumer ratings of 4.8-5.0 stars on traeger.com, Home Depot and Ace Hardware; Irontop griddle lineup launched to broaden category reach at lower entry price points (Irontop opening at $499; Westwood at $599).

Sell-Through Tracking Slightly Above Plan

Early season sell-through is tracking slightly above company expectations year-to-date, and consumables (pellets) sell-through is tracking at or above plan after excluding divested channels (DTC and Costco roadshow).

Project Gravity Progress and Expected Value Capture

Project Gravity expected to deliver approximately $64 million to $70 million of total run-rate value across phases; full year guidance continues to reflect ~ $50 million of Project Gravity value capture, including roughly $30 million of incremental benefit in 2026.

Meaningful Cost and Inventory Reductions

Delivered $15 million of year-over-year operating expense reduction in Q1 and reduced inventory by 31% versus prior year (inventory down to $88 million from $127 million in Q1'25).

Improved Liquidity and Cash Generation

Generated $14.5 million of free cash flow in Q1 (including an $11.6 million employee retention credit); cash and equivalents increased to $34 million from $20 million at prior fiscal year-end; total liquidity increased to $184 million; undrawn $112.5 million revolver.

Raised Adjusted EBITDA and Gross Margin Guidance

Increased full-year adjusted EBITDA guidance to $57 million–$67 million and raised gross margin outlook to 39.5%–40.5%, reflecting recognition of a $12.4 million IEEPA tariff refund benefit in Q1 while holding revenue guidance unchanged at $465 million–$485 million.

Profitability Improvement vs Prior Year GAAP Loss

Reported GAAP net income of $3 million and diluted EPS of $1.08 in Q1, versus a net loss of $1 million and loss per share of $0.30 in Q1'25; adjusted net income was $4 million ($1.49 per diluted share).

Traeger (COOK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

COOK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2026	2026 (Q2)	-1.57 / -	-0.5	―	―	―
May 11, 2026	2026 (Q1)	-3.36 / 1.49	2.5	-40.40% (-1.01)
Mar 05, 2026	2025 (Q4)	0.38 / 0.50	0.5	0.00% (0.00)
Nov 05, 2025	2025 (Q3)	-2.19 / -8.50	-3	-183.33% (-5.50)
Aug 06, 2025	2025 (Q2)	2.50 / -0.50	3	-116.67% (-3.50)
May 01, 2025	2025 (Q1)	1.83 / 2.50	2	25.00% (+0.50)
Mar 06, 2025	2024 (Q4)	-0.07 / 0.50	-4	112.50% (+4.50)
Nov 06, 2024	2024 (Q3)	-3.15 / -3.00	-6	50.00% (+3.00)
Aug 06, 2024	2024 (Q2)	2.05 / 3.00	2	50.00% (+1.00)
May 08, 2024	2024 (Q1)	1.69 / 2.00	2	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

COOK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 11, 2026	$41.34	$41.34	0.00%
Mar 05, 2026	$38.50	$30.70	-20.25%
Nov 05, 2025	$50.50	$43.09	-14.67%
Aug 06, 2025	$85.00	$70.00	-17.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.