Traeger (NYSE:COOK) Issues Quarterly Earnings Results

Traeger (NYSE:COOK) announced its quarterly earnings data on Wednesday. The company reported ($6.77) EPS for the quarter, missing the consensus estimate of ($4.54) by ($2.23), FiscalAI reports. The company had revenue of $74.68 million for the quarter, compared to analyst estimates of $79.37 million. Traeger had a negative return on equity of 11.83% and a negative net margin of 11.83%.

Here are the key takeaways from Traeger’s conference call:

• Q3 results weakened sharply: Revenue fell 40% year over year to $75 million, Adjusted EBITDA swung to a $3 million loss from $14 million of income, and gross margin declined 520 basis points to 33.5%. Traeger cited a difficult comparison, channel inventory actions, lower MEATER sales, and shipments pushed into Q4.
• Traeger maintained its 2026 outlook while narrowing the ranges: Revenue is expected at $440 million–$460 million and Adjusted EBITDA at $59 million–$65 million, with gross margin guidance of 40%–41% and free cash flow of at least $30 million.
• Management expects a return to year-over-year revenue and Adjusted EBITDA growth in Q4, citing shipments that shifted out of Q3 and a material Lowe’s initial load-in. Lowe’s online launch began in November, with broader in-store rollout planned for spring 2027; management acknowledged some near-term impact on existing retail partners.
• Traeger said strategic-account sell-through is expected to be roughly flat for 2026 and that grill units sold through those accounts rose year over year in Q3, despite consumers shifting toward lower-priced products. The company views expanded distribution, accessible products, and customer-acquisition investments as supports for a return to profitable growth in 2027, though it did not provide 2027 guidance.
• Project Gravity and working-capital actions supported $49 million of year-to-date free cash flow, while cash rose to $68 million and inventory fell to $79 million; reported free cash flow included $16 million in tariff refunds and $12 million from an Employee Retention Credit. Management also flagged ongoing pellet competition and an expected freight-cost headwind entering 2027.

Traeger Stock Up 9.0%

NYSE COOK traded up $5.61 during trading hours on Friday, hitting $67.64. The company’s stock had a trading volume of 141,301 shares, compared to its average volume of 39,402. Traeger has a 52 week low of $20.91 and a 52 week high of $86.59. The company has a market capitalization of $189.25 million, a PE ratio of -3.58 and a beta of 1.99. The company has a current ratio of 3.49, a quick ratio of 2.29 and a debt-to-equity ratio of 2.39. The company’s 50-day simple moving average is $49.58 and its two-hundred day simple moving average is $51.06.

Insider Transactions at Traeger

In other Traeger news, insider Cole VandenAkker sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $55.30, for a total transaction of $152,075.00. Following the completion of the sale, the insider directly owned 23,913 shares of the company’s stock, valued at approximately $1,322,388.90. The trade was a 10.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.20% of the company’s stock.

Analyst Ratings Changes

COOK has been the topic of several research analyst reports. B. Riley Financial reissued a “neutral” rating on shares of Traeger in a research note on Friday, August 7th. Canaccord Genuity Group set a $77.00 price target on shares of Traeger and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Traeger from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Traeger in a report on Friday, September 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $43.00 price objective (up from $37.50) on shares of Traeger in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.33.

About Traeger

Traeger, Inc designs, manufactures and sells outdoor cooking products under the Traeger brand. The company is best known for its wood-pellet grills, which use automated temperature controls and hardwood pellets to provide wood-fired cooking. Its product portfolio also includes gas and charcoal grills, portable grills, pizza ovens, smokers and related outdoor cooking equipment.

In addition to grills, Traeger offers wood pellets, rubs, sauces, marinades, cookware, replacement parts and other accessories.