COOK: Revenue fell sharply, but FY26 guidance midpoints held and Q4 growth is expected

What happened

Traeger reported third-quarter revenue of $74.7 million, down 40.4% from a year earlier, and an adjusted EBITDA loss of $3.3 million. It narrowed its full-year guidance ranges but kept their midpoints. Management expects revenue growth to resume in Q4 and profitable growth in 2027.

Global impact / market context

The sharp sales decline and operating loss show current pressure on the business. Keeping the guidance midpoints unchanged signals that management still expects its earlier full-year outlook to hold. For ordinary investors, the key question is whether the expected recovery appears in results.

What to watch

1. Check Q4 revenue to see whether growth resumes as management expects.
2. Check whether full-year revenue and adjusted EBITDA results stay near the unchanged guidance midpoints.
3. Check for updates on Lowe’s expansion and Project Gravity, which management says support the path to profitable growth in 2027.

Affected assets

• COOK
• Lowe's

Evidence

• Infoway News — COOK: Q3 was pressured by timing and channel actions; Lowe's and cost savings underpin the recovery outlook 2026-11-04T22:47:48+00:00
• Infoway News — COOK: Q3 weakness gives way to expected Q4 growth and a 2027 return to profitable growth 2026-11-04T21:16:10+00:00
• Infoway News — COOK: Revenue fell sharply, but FY26 guidance midpoints held and Q4 growth is expected 2026-11-04T21:10:13+00:00
• Incident timeline — COOK: Q3 was pressured by timing and channel actions; Lowe's and cost savings underpin the recovery outlook
• Incident timeline — COOK: Q3 weakness gives way to expected Q4 growth and a 2027 return to profitable growth
• Incident timeline — COOK: Revenue fell sharply, but FY26 guidance midpoints held and Q4 growth is expected