Brief: Traeger Q2 EPS USD -0.06

Traeger

06/08/2025 21:05

Overview

Traeger Q2 FY25 revenue falls 13.6%, missing analyst expectations, per LSEG data

Adjusted EBITDA for Q2 FY25 misses analyst estimates, per LSEG data

Company launches Project Gravity, targeting $30 mln in annualized cost savings

Outlook

Company expects FY25 revenue between $540 mln and $555 mln

Traeger anticipates FY25 gross margin between 40.5% and 41.5%

Company projects FY25 adjusted EBITDA between $66 mln and $73 mln

Result Drivers

TARIFF IMPACT - CEO Jeremy Andrus attributes Q2 revenue and adjusted EBITDA decline to tariff-related dynamics

PROJECT GRAVITY - Co initiates streamlining plan targeting $30 mln in annualized cost savings

GRILL SALES DECLINE - 21.9% decrease in grill revenue driven by lower unit volume, partially offset by higher average selling price

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$145.48 mln
$166.50 mln (8 Analysts)
Q2 EPS
-$0.06
Q2 Adjusted Net Income
Miss
-$1.90 mln
$6.41 mln (7 Analysts)
Q2 Net Income
-$7.38 mln
Q2 Adjusted EBITDA
Miss
$14.30 mln
$24 mln (7 Analysts)
Q2 Gross Margin
39.2%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 $2.00, about 17.5% above its August 5 closing price of $1.65

The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw8yL8zSa

(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.)