Traeger, Inc. · NYSE:COOK
Traeger — Q3 2026 Earnings Presentation
14 slides from Traeger's earnings presentation, Nov 4, 2026
Slide 1: Investor Presentation Third Quarter 2026
INVESTOR PRESENTATION THIRD QUARTER 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, incl
Slide 3: CEO Commentary
CEO COMMENTARY “Our third-quarter revenue came in at the low end of the pacing we outlined last quarter, with some activity shifting into the fourth quarter. We believe consumer demand remains healthier than our reported revenue suggests, particularly at more accessible price points. We expect to re
Slide 4: Slide 4
Slide 5: 3Q 2026 at a Glance
3Q 2026 AT A GLANCE Revenue Mix $74.7MM 33.5% Revenue Gross Margin 20.8% 53.2% 26.0% ($3.3MM) (4.4%) Adj. EBITDA (1) Adj. EBITDA Margin (1) Grills Consumables Accessories 5
Slide 6: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS SUMMARY SNAPSHOT $MM $167MM • Free cash flow(4) of $8.4 million in 3Q26, bringing year-to- QUARTER-END vs. date free cash flow to $49.4 million LIQUIDITY $167MM in 3Q 2025 • Ample liquidity exiting 3Q26 • Currently undrawn on our $82.5 million revolver, with $68 million in c
Slide 7: 3rd Quarter 2026 Revenue Results
3rd QUARTER 2026 REVENUE RESULTS TOTAL REVENUE $MM (40.4%) $125 $75 3Q 2025 3Q 2026 GRILLS REVENUE CONSUMABLES REVENUE ACCESSORIES REVENUE $MM $MM $MM $77 (48.1%) (23.1%) (34.1%) $25 $24 $40 $19 $16 3Q 2025 3Q 2026 3Q 2025 3Q 2026 3Q 2025 3Q 2026 7
Slide 8: 3rd Quarter 2026 Profitability Results
3rd QUARTER 2026 PROFITABILITY RESULTS GROSS PROFIT $MM 38.7% 33.5% Gross Margin $49 $25 3Q 2025 3Q 2026 ADJUSTED EBITDA (1) 11.0% $MM Adjusted EBITDA Margin (1) $14 (4.4)% ($3) 3Q 2025 3Q 2026 ADJUSTED NET LOSS (3) $MM ($19) ($22) 3Q 2025 3Q 2026 8
Slide 9: Guidance for Full Year Fiscal 2026
GUIDANCE FOR FULL YEAR FISCAL 2026 UPDATED FISCAL 2026 GUIDANCE KEY ASSUMPTIONS: METRIC LOW HIGH • Revenue guidance narrowed, while maintaining the midpoint, due to increased visibility into expected results, including the recovery of shipments from Total Revenue $440MM $460MM Q3 and the ramp in ini
Slide 10: Appendix
APPENDIX TRAEGER
Slide 11: Footnotes
FOOTNOTES 1. Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. See the appendix to this presentation for a presentation of, and a reconciliation of these measures to, the nearest comparable GAAP measures, including Net Loss, and Net Loss Margin, respectively. A reconciliation of Adju
Slide 12: Information Regarding Non-GAAP Financial Measures
INFORMATION REGARDING NON-GAAP FINANCIAL MEASURES In addition to our results and measures of performance determined in accordance with U.S. GAAP, we believe that certain non-GAAP financial measures are useful in evaluating and comparing our financial and operational performance over multiple periods
Slide 13: Reconciliations of Non-GAAP Financial Measures: Net Debt and Free Cash Flow
PRESENTATION OF COMPARABLE GAAP MEASURES AND RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES RECONCILIATION OF DEBT TO NET DEBT September 30, (dollars in thousands) 2026 Line of credit - Current portion of notes payable 250 Notes payable, net of current portion 400,449 Add: Debt issuance costs 2,439
Slide 14: Reconciliations of Non-GAAP Financial Measures: Adjusted Net Loss and EBITDA
PRESENTATION OF COMPARABLE GAAP MEASURES AND RECONCILIATIONS OF NON-GAAP Three Months Ended FINANCIAL MEASURES September 30, 2026 2025 (dollars in thousands, except share and per share amounts) Net loss $ (28,527) $ (89,819) Adjustments: Other (income) expense (1) 85 (1,376) Stock-based compensation