Overview

* Traeger ( COOK ) Q2 FY25 revenue falls 13.6%, missing analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 FY25 misses analyst estimates, per LSEG data

* Company launches Project Gravity, targeting $30 mln in annualized cost savings

Outlook

* Company expects FY25 revenue between $540 mln and $555 mln

* Traeger ( COOK ) anticipates FY25 gross margin between 40.5% and 41.5%

* Company projects FY25 adjusted EBITDA between $66 mln and $73 mln

Result Drivers

* TARIFF IMPACT - CEO Jeremy Andrus attributes Q2 revenue and adjusted EBITDA decline to tariff-related dynamics

* PROJECT GRAVITY - Co initiates streamlining plan targeting $30 mln in annualized cost savings

* GRILL SALES DECLINE - 21.9% decrease in grill revenue driven by lower unit volume, partially offset by higher average selling price

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $145.48 $166.50

Revenue mln mln (8

Analysts

)

Q2 EPS -$0.06

Q2 Miss -$1.90 $6.41

Adjusted mln mln (7

Net Analysts

Income )

Q2 Net -$7.38

Income mln

Q2 Miss $14.30 $24 mln

Adjusted mln (7

EBITDA Analysts

)

Q2 Gross 39.2%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 ( COOK ) is $2.00, about 17.5% above its August 5 closing price of $1.65

* The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(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.)