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Traeger (COOK)

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Earnings summaries and quarterly performance for Traeger.

Recent press releases and 8-K filings for COOK.

COOK Announces Q3 2025 Results and Updates Project Gravity Savings Target
COOK
Earnings
Guidance Update
New Projects/Investments
  • COOK reported Q3 2025 revenue of $125 million and Adjusted EBITDA of $13.8 million, achieving a gross margin of 38.7%.
  • The company reiterated its Fiscal 2025 guidance, projecting Total Revenue between $540 million and $555 million and Adjusted EBITDA between $66 million and $73 million.
  • COOK updated its Project Gravity cost savings target to $50 million in total annualized run-rate savings, an increase of $20 million from the previous target, with $13 million in realized savings expected in FY 2025 from Phase 1.
  • Quarter-end liquidity was $167 million and net debt was $398 million in Q3 2025.
Nov 5, 2025, 9:30 PM
Traeger Reports Q3 2025 Results and Details Project Gravity Initiatives
COOK
Earnings
Guidance Update
New Projects/Investments
  • Traeger reported a 3% increase in sales to $125 million and a 12% increase in Adjusted EBITDA to $14 million for Q3 2025, with grill revenues up 2% and consumables up 12%. The company recorded a net loss of $90 million due to a $75 million non-cash impairment charge.
  • The company reiterated its full-year 2025 guidance, expecting revenues between $540 million and $555 million (down 8%-11%) and Adjusted EBITDA between $66 million and $73 million.
  • Traeger announced an incremental $20 million run rate cost savings target for Phase Two of Project Gravity, bringing the cumulative run rate savings target to $50 million once fully implemented. Phase One is expected to deliver approximately $13 million in realized cost savings in fiscal year 2025.
  • Project Gravity's Phase Two includes channel optimization, such as exiting the Costco roadshow business, shifting traeger.com to a content-only site, and moving to a distributor model in European markets, which is expected to result in an approximate $60 million loss of revenue with anticipated recapture in other channels.
Nov 5, 2025, 9:30 PM
Traeger Announces Third Quarter Fiscal 2025 Results and Updates Project Gravity Savings Target
COOK
Earnings
Guidance Update
New Projects/Investments
  • Traeger reported total revenues of $125.4 million, a 2.7% increase year-over-year, and Adjusted EBITDA of $13.8 million, up 11.8% for the third quarter of fiscal year 2025.
  • The company posted a net loss of $89.8 million for Q3 FY25, primarily due to a $74.7 million goodwill impairment.
  • Traeger increased its Project Gravity annualized cost savings target to $50 million, adding $20 million from Phase 2 initiatives.
  • The company reiterated its full-year Fiscal 2025 guidance, projecting total revenue between $540 million and $555 million and Adjusted EBITDA between $66 million and $73 million.
Nov 5, 2025, 9:05 PM