Loading...
•
Sep 30, 2025
Traeger Q3 2025 Earnings Report
Traeger reported its third quarter fiscal 2025 results, showing growth in revenues and Adjusted EBITDA, alongside a significant goodwill impairment.
Key Takeaways
Traeger delivered a mixed performance in Q3 2025, with total revenues increasing by 2.7% to $125.4 million and Adjusted EBITDA rising by 11.8% to $13.8 million. However, the company reported a substantial net loss of $89.8 million, primarily due to a $74.7 million goodwill impairment charge. The company also updated its Project Gravity cost savings target to $50 million annually.
Total revenues increased by 2.7% to $125.4 million compared to the prior year.
Net loss significantly widened to $89.8 million, inclusive of a $74.7 million goodwill impairment.
Adjusted EBITDA grew by 11.8% to $13.8 million, demonstrating operational improvement.
The company updated its Project Gravity annualized cost savings target to $50 million, an increase of $20 million from previous targets.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Traeger reiterated its full-year fiscal 2025 guidance for total revenue, gross margin, and Adjusted EBITDA, reflecting confidence in its strategic initiatives despite current macroeconomic challenges.
Positive Outlook
- Reiterated full-year revenue guidance between $540 million and $555 million.
- Reiterated full-year gross margin guidance between 40.5% and 41.5%.
- Reiterated full-year Adjusted EBITDA guidance between $66 million and $73 million.
- Project Gravity Phase 2 is expected to deliver an additional $20 million in annualized cost savings.
- Total annualized cost savings from Project Gravity are now targeted at $50 million.
Challenges Ahead
- The company did not provide forward-looking reconciliation for Adjusted EBITDA to Net Loss due to unreasonable efforts.
- Project Gravity initiatives are expected to be largely implemented by the end of 2026, indicating a longer-term realization of full benefits.
- Discontinuing the Costco roadshow program may impact certain sales channels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...