--- title: "Traeger | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 94.07 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285990399.md" datetime: "2026-05-11T20:18:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285990399.md) - [en](https://longbridge.com/en/news/285990399.md) - [zh-HK](https://longbridge.com/zh-HK/news/285990399.md) --- # Traeger | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 94.07 M Revenue: As of FY2026 Q1, the actual value is USD 94.07 M, missing the estimate of USD 95.05 M. EPS: As of FY2026 Q1, the actual value is USD 1.08, beating the estimate of USD -6.4933. EBIT: As of FY2026 Q1, the actual value is USD 6.587 M. ### First Quarter 2026 Financial Results #### Total Revenue Total revenues for Traeger, Inc. decreased by 34.3% to $94.1 million for the three months ended March 31, 2026, compared to $143.3 million in the first quarter of the prior year. #### Segment Revenue Grill revenues decreased by 45.4% to $47.4 million for the three months ended March 31, 2026, compared to the first quarter of the prior year, primarily due to reductions in unit volumes and average selling price. Consumables revenues decreased by 13.7% to $26.1 million for the three months ended March 31, 2026, primarily due to lower average selling price of wood pellets and food consumables. Accessories revenues decreased by 21.8% to $20.6 million for the three months ended March 31, 2026, mainly driven by lower sales of MEATER smart thermometers and a decrease in the average selling price of Traeger, Inc. branded accessories. #### Gross Profit and Margin Gross profit decreased to $43.0 million for the three months ended March 31, 2026, compared to $59.5 million in the first quarter of the prior year. Gross margin was 45.7% for the three months ended March 31, 2026, compared to 41.5% in the same period last year, with the increase including a $12.4 million benefit from an IEEPA tariff refund. Excluding the IEEPA tariff refund, adjusted gross margin was 32.6% for the three months ended March 31, 2026, which is a decrease of 890 basis points from 41.5% in the prior year. #### Operating Costs Sales and marketing expenses were $12.6 million for the three months ended March 31, 2026, compared to $22.2 million in the first quarter of the prior year. General and administrative expenses were $19.4 million for the three months ended March 31, 2026, compared to $25.0 million in the first quarter of the prior year. Amortization of intangible assets was $8.8 million for the three months ended March 31, 2026, consistent with the first quarter of the prior year. Restructuring and other costs of $3.2 million were recorded for the three months ended March 31, 2026. Total operating expense was $44.0 million for the three months ended March 31, 2026, compared to $56.0 million for the same period in the prior year. #### Operating Profit Income from operations was - $1.0 million for the three months ended March 31, 2026, compared to $3.4 million in the first quarter of the prior year. #### Net Income Net income was $2.9 million for the three months ended March 31, 2026, compared to a net loss of - $0.8 million in the first quarter of the prior year. Adjusted net income was $4.0 million for the three months ended March 31, 2026, compared to $6.6 million in the first quarter of the prior year. #### Adjusted EBITDA Adjusted EBITDA was $17.3 million for the three months ended March 31, 2026, compared to $22.5 million in the same period last year. #### Cash Flow Operating cash flow was $17.9 million for the three months ended March 31, 2026, compared to - $20.8 million in the first quarter of the prior year. Free cash flow was $14.5 million for the three months ended March 31, 2026, compared to - $22.7 million in the first quarter of the prior year. #### Balance Sheet Highlights Cash and cash equivalents totaled $33.7 million at March 31, 2026, up from $19.6 million at December 31, 2025. Inventory was $87.8 million at March 31, 2026, down from $98.8 million at December 31, 2025, and $127.2 million at March 31, 2025. ### Outlook / Guidance for Full Year Fiscal 2026 Traeger, Inc. has raised its Adjusted EBITDA and gross margin outlook for the full year 2026, while reiterating its revenue guidance. The company expects total revenue to be between $465 million and $485 million, gross margin between 39.5% and 40.5%, and Adjusted EBITDA between $57 million and $67 million. 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