Overview
Wood pellet grill maker's Q4 revenue decreased 13.8% but beat analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company's Project Gravity initiative aims to streamline operations and improve returns
Outlook
Company expects 2026 revenue between $465 mln and $485 mln
Traeger anticipates 2026 gross margin between 38.0% and 39.0%
Company forecasts Q1 2026 revenue between $92 mln and $97 mln
Result Drivers
GRILL REVENUE DECLINE - Driven by pricing impacts and volume affected by tariff-related pricing increases
CONSUMABLES REVENUE INCREASE - Higher unit volumes across wood pellets and food consumables
ACCESSORIES REVENUE DECLINE - Primarily due to lower sales of MEATER smart thermometers
Company press release: ID:nBw9y7Wxxa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $145.36 mln | $135.06 mln (8 Analysts) |
Q4 Adjusted EPS | Beat | $0.01 | $0.003 (7 Analysts) |
Q4 EPS | -$0.13 | ||
Q4 Net Income | -$17.20 mln | ||
Q4 Adjusted EBITDA | Slight Beat* | $19.40 mln | $19.38 mln (6 Analysts) |
Q4 Gross Margin | 37.40% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy."
Wall Street's median 12-month price target for Traeger Inc is $1.25, about 50.6% above its March 4 closing price of $0.83
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 34 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)