Traeger reported solid Q3 2025 results, with revenues rising 3% to $125 million and adjusted EBITDA increasing 12% to $14 million, underpinned by effective cost management and strategic initiatives.

• Significant progress in tariff mitigation strategies expected to offset approximately 80% of $60 million in unmitigated tariffs in fiscal 2025.
• Project Gravity initiatives aim for cumulative run-rate cost savings of $50 million by the end of 2026, focusing on operational efficiencies and channel optimization.
• Integration of the MEATER business into Traeger's Salt Lake City operations progressing well, with a reduction in U.K. headcount to leverage local talent.
• Transitioning the traeger.com platform to emphasize brand storytelling, exiting direct-to-consumer sales to enhance overall profitability.
• Management reaffirms guidance for fiscal year 2025 based on strong operational execution in a challenging market environment.