Traeger Inc Q4 revenue beats estimates

Traeger

05/03/2026 21:17

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.)