Traeger Slashes FY26 Revenue Outlook After Q2 Miss; Shares Likely to Fall
COOK has more than doubled off its 52-week low of $20.91.
Summary
Traeger's Q2 revenue fell 17% to $120.2M, missing estimates by $13M, driven by a shift to lower-priced grills and weak MEATER thermometer sales. The company cut its full-year revenue guidance to $435M-$465M from $465M-$485M, though it maintained adjusted EBITDA guidance and raised gross margin outlook. A new Lowe's partnership was announced. This follows a strong Q1 that showed a return to profitability; the Q2 top-line miss and guidance cut reverse that momentum. The stock closed at $68.77, well above the median analyst target of $40, suggesting significant downside risk.
At the time of this announcement, COOK was trading at $68.07 on NYSE in the Manufacturing sector, with a market capitalization of approximately $189.4M. The 52-week trading range was $20.91 to $87.89. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.