Q4 2025 Traeger Inc Earnings Call Transcript
Key Points
- Traeger Inc (COOK) exceeded the high end of their revenue guidance for 2025, achieving $560 million in revenue.
- The company delivered an adjusted EBITDA of $70 million, landing in the upper half of their projected range.
- Traeger Inc (COOK) maintained market share in the outdoor grilling category, including fuels, despite a challenging market environment.
- The Woodridge platform, launched earlier in the year, received strong consumer reception due to its balance of performance and value.
- Project Gravity is expected to deliver $64 million to $70 million in total value, focusing on cost reduction and business simplification.
- Tariffs had a significant impact on the category, causing volatility in ordering behavior and affecting profitability.
- The company is facing ongoing competitive pressures and elevated inventory issues with their MEATER product line.
- Revenue for 2026 is projected to decline to $465 million to $485 million, partly due to strategic exits from certain sales channels.
- Gross margin is expected to decrease due to full-year tariff impacts and promotional deleverage.
- The accessories business, particularly MEATER, is expected to continue facing pressure in 2026.
Good afternoon. Thank you for attending today's Traeger fourth-quarter And full year 2025 earnings conference call. My name is Megan, and I'll be your moderator for today. (Operator Instructions).
I would now like to pass the conference over to Stephanie Read, Vice President of Finance, Strategy and Investor Relations.
Stephanie, you may proceed.
Good afternoon, everyone. Thank you for joining Traeger's call to discuss its fourth quarter and full year 2025 results, which were released this afternoon and can be found on our website at investors.traeger.com.
I'm Stephanie Read, Vice President of Finance, Strategy and Investor Relations at Traeger. With me on the call today are Jeremy Andrus, our Chief Executive Officer; and Joey Hord, our Chief Financial Officer.
Before we get started, I'm going to remind everyone that management's remarks on this call may contain forward-looking statements within the meaning of the Safe
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