Traeger (NYSE:COOK – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($6.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.54) by ($2.23), FiscalAI reports. The company had revenue of $74.68 million during the quarter, compared to analyst estimates of $79.37 million. Traeger had a negative net margin of 23.23% and a negative return on equity of 13.76%.
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 Down 2.7%
COOK traded down $1.40 during midday trading on Wednesday, hitting $49.51. The company had a trading volume of 63,077 shares, compared to its average volume of 72,405. Traeger has a 52 week low of $20.91 and a 52 week high of $86.59. The company has a quick ratio of 2.29, a current ratio of 3.49 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $138.63 million, a price-to-earnings ratio of -1.18 and a beta of 1.99. The stock’s 50 day moving average price is $49.52 and its 200 day moving average price is $51.04.
Insiders Place Their Bets
In other 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 owned 23,913 shares in the company, valued at $1,322,388.90. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 16.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on COOK. Canaccord Genuity Group set a $77.00 price target on Traeger and gave the company a “buy” 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. Telsey Advisory Group lifted their target price on shares of Traeger from $45.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $43.00 target price (up from $37.50) on shares of Traeger in a report on Friday, August 7th. Finally, B. Riley Financial restated a “neutral” rating on shares of Traeger in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.50.
Check Out Our Latest Stock Report on Traeger
Traeger Company Profile
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.
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