Traeger, Inc., and its associated entities, specializes in the development, manufacturing, distribution, and ongoing support of wood-fired pellet grills. These unique outdoor cooking appliances are sold across the United States through various channels, including retailers, distributors, and directly to consumers. A key innovation of Traeger's grills is their integration as smart, internet-connected devices. This technology allows owners to remotely program, monitor, and manage their grilling process via a dedicated mobile application. Beyond the hardware, Traeger enhances the user experience with a comprehensive digital content library. This includes instructional recipes and video guides that offer tips, tricks, and cooking techniques, empowering owners to elevate their culinary abilities. The company also fosters its "Traegerhood" community by producing engaging short- and long-form branded content that shares stories, spotlights community members, and showcases the Traeger lifestyle. To complement its grills, Traeger provides a wide array of related products. These consist of the essential wood pellets used to fuel the grills, various rubs, sauces, seasonings, and marinades for flavor enhancement. Additionally, they offer a range of accessories such as grill covers, drip trays, bucket liners, and shelves. Tools designed to assist with meal preparation, cooking, and cleanup are also available, including pellet storage solutions, cleaning supplies, general barbecue tools, and the MEATER smart thermometer. Customers can also purchase replacement parts, branded apparel, and other merchandise. The company was established in 2017 and is headquartered in Salt Lake City, Utah.
Traeger Announces Second Quarter Fiscal 2026 Results
Traeger reported Q2 revenue of $120.2 million, down 17.4% year-over-year, with net loss widening to $8.6 million while adjusted EBITDA grew 21% to $17.3 million.
The company lowered full-year revenue guidance to $435 million-$465 million due to MEATER softness but maintained adjusted EBITDA guidance of $57 million-$67 million and raised gross margin guidance to 40.0%-41.0%.
A new partnership with Lowe's represents a major distribution expansion, and the balance sheet strengthened significantly with cash rising to $59.7 million and inventory dropping 23%.