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Traeger (NYSE: COOK) Q1 revenue down 34% as 2026 cash flow stays positive. Filing Impact Filing Sentiment Rhea-AI Filing summary. Traeger, Inc. reported first quarter 2026 revenue of $94.1 million, down 34.3% from $143.3 million a year earlier, with grill revenue falling 45.4% to $47.4 million and softer consumables and accessories sales. Despite lower volume, net income improved to $2.9 million, or $1.08 per diluted share, from a $0.8 million loss. Gross margin rose to 45.7%, boosted by a $12.4 million IEEPA tariff refund; adjusted gross margin was 32.6%. Adjusted EBITDA was $17.3 million compared with $22.5 million. Operating cash flow reached $17.9 million and free cash flow $14.5 million, helping lift cash to $33.7 million as inventory declined to $87.8 million. For full-year 2026, the company guides revenue of $465-$485 million, gross margin of 39.5-40.5%, adjusted EBITDA of $57-$67 million, and at least $30 million of free cash flow, reflecting roughly $50 million of expected "Project Gravity" value capture. Positive. * Q1 2026 net income improved to $2.9 million from a $0.8 million loss, with operating cash flow of $17.9 million and free cash flow of $14.5 million. * Cash rose to $33.7 million while inventory declined to $87.8 million, and 2026 guidance calls for $57-$67 million Adjusted EBITDA and at least $30 million free cash flow. Negative. * Total revenue declined 34.3% year over year to $94.1 million, with grill revenue down 45.4% and Adjusted EBITDA falling to $17.3 million from $22.5 million. * Adjusted gross margin fell to 32.6% from 41.5% after excluding a one-time $12.4 million IEEPA tariff refund that temporarily lifted reported gross margin to 45.7%. Insights. Revenue fell sharply, but Traeger swung to profit, generated cash, and maintained constructive 2026 guidance. Traeger saw Q1 2026 revenue drop to $94.1 million, down 34.3% year over year, led by a 45.4% decline in grill revenue as prior-year product launches and tariff-driven preorders created a tough comparison. Consumables and accessories also contracted double digits. Profitability optics are mixed. Net income improved to $2.9 million, helped by an $12.4 million IEEPA tariff refund that lifted gross margin to 45.7%; without it, adjusted gross margin was 32.6%, down meaningfully. Adjusted EBITDA of $17.3 million trailed last year's $22.5 million, despite lower sales and marketing and G&A under Project Gravity. Cash generation was strong, with operating cash flow of $17.9 million and free cash flow of $14.5 million, supporting higher cash and lower inventory. Full-year 2026 guidance targets revenue of $465-$485 million, adjusted EBITDA of $57-$67 million, and at least $30 million free cash flow, incorporating about $50 million of Project Gravity value capture and the tariff refund benefit. 8-K event classification. 2 items: 2.02, 9.01 Key figures. Q1 2026 revenue: $94.1 million Q1 2026 net income: $2.9 million Q1 2026 Adjusted EBITDA: $17.3 million +7 more 10 metrics Key terms. Adjusted EBITDA, Free Cash Flow, Project Gravity, IEEPA tariff refund, +2 more Earnings snapshot. Revenue: $94.1 million · Guidance included 05/11/2026 - 01:09 PM

Traeger introduces the all-new Westwood Series: where Great Flavor Starts. PR Newswire Today at 8:01am PDT Westwood Brings Traeger's Signature Wood-Fired Flavor, Ease, and Versatility to a New Entry-Level Grill Engineered with Tech from Traeger's Most Advanced Models SALT LAKE CITY, April 14, 2026 /PRNewswire/ - Traeger, Inc. ("Traeger") (NYSE: COOK), the inventor and global leader of wood-pellet grilling, announced the launch of the Westwood Series, an all-new grill lineup crafted for cooks ready to explore wood-fired cooking. The Westwood Series builds on the advanced engineering and flavor-forward technology that Traeger has continued to refine across its top-of-the-line grills - now infused into a new grill designed for everyday cooking. "Traeger has always inspired people to gather, connect, and create unforgettable flavor," said Jeremy Andrus, CEO of Traeger Grills. "With the Westwood Series, we're advancing that legacy by bringing top-of-the-line Traeger technology into a new entry-level grill. Westwood is built with the same proven innovation that powers our premium models, giving cooks the confidence to deliver incredible meals from their very first cook." Great Flavor Starts Here The Westwood Series brings the unbeatable flavor of real hardwood to any dish, from grilled chicken to smoked ribs or baked pizza. Memorable meals are ready in three easy steps - just set the temp, load the grill, and let Traeger handle the rest. Wood-Fired Flavor, Made Easy At the heart of the Westwood experience is Traeger's dedication to making it easy to achieve great meals right from the backyard. Automatic digital temperature control and smart design allow cooks to focus on the moment - not babysitting a grill. Westwood is also a great option for those looking to upgrade their grilling with features like WiFIRE(R) technology, which lets users monitor and control their grill directly from their phone via the Traeger App - whether they're inside prepping sides or hosting friends. Versatility for Every Meal With true grilling, smoking, and baking capabilities, Westwood fits seamlessly into everyday life - from quick weeknight dinners to slow-smoked weekend cookouts. The result: one grill that unlocks endless meal possibilities and makes great flavor achievable for anyone. Key Features of the Westwood Series: * Unmatched Flavor: Natural hardwood pellets and convection airflow work together to deliver richer wood-fired flavor and consistent results. * Easy to Use: Grill smarter, not harder. WiFIRE with Bluetooth compatibility lets users monitor and control their grill from the Traeger App for effortless, precise cooking. * One Grill, Endless Possibilities: grill, smoke, bake, and beyond with the ultimate versatility to cook everything from BBQ classics to an epic Thanksgiving feast. * Generous Cooking Space: A spacious dual-tier grilling area offers the space to cook multiple dishes - from proteins to desserts - so you can feed a crowd. * Space to Prep & Serve: Integrated shelves and storage create a streamlined workspace that keeps tools, ingredients, and pellets within easy reach. * Endless Customization: The P.A.L. and ModiFIRE systems allow interchangeable surfaces and attachments for simple, highly versatile grill customization. Westwood & Westwood XL - The new entry-level wood-pellet grills are available in two sizes to accommodate every cook and crowd size, including: * Westwood - Cooking Area: 653 sq. in.; Price: $699 * Westwood XL - Cooking Area: 823 sq. in.; Price: $799 The Westwood Series is available now online and in-store through Traeger retailers. To explore product details, compare models, or find a retailer near you, visit www.traeger.com/westwood. ABOUT TRAEGER GRILLS(R) Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. After 40 years, Traeger entered the griddle category, further establishing its leadership position in the outdoor cooking space by introducing innovative alternatives to griddle, sear, fry, steam, sauté, and more, all in one place. Their wood pellet grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with flavor that cannot be replicated. Grills are at the core of Traeger's platform and are complemented by Traeger wood pellets, rubs, sauces, and accessories. SOURCE Traeger Grills This is a paid placement. For further inquiries, please contact PR Newswire directly.

Traeger, a grilling equipment manufacturer, reported full-year 2025 revenue of $560 million and adjusted EBITDA of $70 million, both exceeding guidance. However, fourth-quarter revenue fell 14% year-over-year to $145 million, with gross margin declining 350 basis points to 37.4%. The company ended 2025 with $20 million in cash and $384 million in total net debt. Despite maintaining market share, Traeger faces headwinds from tariffs and competitive pressures, particularly affecting its MEATER product line. For 2026, Traeger projects revenue of $465 million to $485 million, representing a decline from 2025, with adjusted EBITDA guidance of $50 million to $60 million. The company expects to generate at least $30 million in free cash flow whilst implementing its Project Gravity cost reduction initiative.