Traeger swings to profit on $15.6M tariff refund, but revenue plunges 34% amid restructuring

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~2 min read

Key Changes

• high

  Revenue fell 34% to $94M as Project Gravity restructuring eliminated DTC sales, Costco roadshow, and drove 30%+ unit volume decline. Company now sells exclusively through retail partners (Home Depot, Amazon, Walmart, Ace).

  MD&A: Revenue and Distribution Model verify on EDGAR →
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  Recognized $15.6M IEEPA tariff refund after Supreme Court invalidated tariffs, but timing and amount uncertain as administration may use alternative authorities to reduce liability. Cash expected in 60-90 days.

  MD&A: Tariff Refund verify on EDGAR →
• high

  80% of grills manufactured in China, creating substantial exposure to tariff volatility. Section 122 tariffs (10% global) ruled unlawful but remain in effect pending appeal; expire July 24, 2026 unless Congress extends.

  Risk Factors: China Concentration verify on EDGAR →