Traeger Q2 revenue falls 17% as operating loss narrows 72% on Project Gravity savings

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Revenue declined 17.4% YoY to $120.2M in Q2 2026, driven by lower grill unit volume, price mix shift to lower-priced offerings, and channel optimization (Costco roadshow exit, DTC exit). H1 revenue fell 25.8% YoY to $214.2M.

  MD&A: Revenue verify on EDGAR →
• high

  Operating loss narrowed 72% YoY to -$1.7M in Q2 2026 (from -$6.1M), driven by Project Gravity cost reductions (S&M down 31%, G&A down 16%) and gross margin improvement. Net loss widened 16% to -$8.6M as non-operating/other expenses increased $6.1M (partially offset by $518K tax benefit).

  MD&A: Operating Results verify on EDGAR →
• high

  Received $16M cash refund for IEEPA tariffs invalidated by Supreme Court ruling, with $12.4M benefiting cost of revenue and $3.2M inventory. Gross margin improved 30 bp in Q2 (39.5% vs 39.2%) and 190 bp in H1 (42.2% vs 40.3%).

  MD&A: IEEPA Tariff Refund verify on EDGAR →