Traeger Stock Price, News & Analysis

Traeger, Inc. (NYSE: COOK) is a manufacturing company focused on outdoor cooking equipment and related consumables. Through its Traeger Grills brand, the company is described as the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all‑natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. Traeger is headquartered in Salt Lake City, Utah, and its common stock is listed on the New York Stock Exchange under the symbol COOK, according to its SEC filings.

Traeger’s business centers on a platform built around its grills and complementary products. The company designs, sources, sells, and supports wood pellet fueled barbecue grills that are sold to retailers, distributors, and directly to consumers, as noted in the Polygon description. Grills are described in company news releases as being at the core of Traeger’s platform and are complemented by Traeger wood pellets, rubs, sauces, accessories, and MEATER smart thermometers. Traeger also produces and sells the wood pellets used to fire its grills, and offers Traeger‑branded rubs, spices, sauces, and grilling accessories such as covers, barbecue tools, trays, liners, and merchandise.

Outdoor cooking product portfolio

Traeger’s core category is wood pellet grills, which the company characterizes as a versatile outdoor cooking system capable of multiple cooking methods using all‑natural hardwoods. Company news releases state that Traeger grills are designed to be easy to use and to empower cooks of all skill levels. In addition to grills, Traeger has expanded into the griddle category. News reports explain that Traeger entered the griddle category in 2023, and has since launched products such as the Flatrock 3 Zone and Flatrock 2 Zone griddles, which are described as part of a griddle lineup that broadens the outdoor cooking experience.

The Polygon description and company news together indicate that Traeger’s platform includes:

• Wood pellet grills that serve as the core product.
• Wood pellets that fuel the grills.
• Rubs, spices, and sauces under the Traeger brand.
• Grilling accessories, including covers, tools, trays, liners, and other merchandise.
• MEATER smart thermometers, referenced in earnings releases as part of the accessories category.

According to multiple news releases, Traeger positions itself as a leader in the outdoor cooking space, emphasizing its role in creating and defining the wood pellet grill category and later entering the griddle category to further expand its presence in outdoor cooking.

Go‑to‑market channels and geographic reach

Based on the Polygon description, Traeger’s grills and related products are sold through retailers and distributors, as well as direct‑to‑consumer channels. Subsequent company disclosures in SEC filings and earnings releases describe a shift in certain channels as part of a multi‑step optimization plan called Project Gravity. For example, Traeger has disclosed plans to exit its Traeger direct‑to‑consumer business and to redirect Traeger.com consumers to retail partners’ websites, and to transition to a distributor model in certain European markets that previously operated under a direct model. These actions are framed as channel optimization steps within Project Gravity.

The Polygon description notes that Traeger’s geographical segments include North America and the Rest of the World, with the majority of revenue coming from North America. Earnings releases and SEC filings also break out revenues between North America and Rest of World, reinforcing that the company serves customers in multiple regions while being most heavily weighted toward North American sales.

Project Gravity and operational efficiency

Traeger’s SEC filings and news releases describe Project Gravity as a comprehensive enterprise initiative designed to streamline the company’s organizational structure, rebalance its cost base, and improve profitability and cash flow generation. According to multiple Form 8‑K and 8‑K/A filings, Project Gravity is a multi‑step strategic optimization plan with at least two phases.

Phase 1 is described as focusing on centralizing operations, including a reduction in force and the closure of an office in the United Kingdom in order to centralize operations in Utah. The company has stated that Phase 1 is expected to generate annualized pre‑tax cost savings of approximately $30 million once fully implemented.

Phase 2 is described in SEC filings and earnings releases as introducing additional strategic actions related to channel optimization, supply chain and manufacturing efficiencies, and other productivity measures. Specific actions disclosed include discontinuing the Costco roadshow program, exiting the Traeger direct‑to‑consumer business by redirecting Traeger.com consumers to retail partners’ websites, transitioning to a distributor model in certain European markets, and pellet mill consolidation. Later 8‑K and 8‑K/A filings state that Project Gravity’s expected annualized pre‑tax cost savings increased from approximately $50 million to approximately $58 million as Phase 2 actions were refined and an additional reduction in force was approved.

Across these disclosures, Traeger indicates that Project Gravity is expected to be substantially completed by the end of 2026, with most related charges incurred by the end of 2025. The initiative is presented as a key part of Traeger’s efforts to enhance organizational efficiency, simplify the business, and support continued investment in its core growth pillars.

Financial reporting and segment performance

Traeger’s earnings releases for fiscal 2024 and 2025 provide detail on revenue composition and profitability. The company reports revenue across three primary categories: grills, consumables, and accessories. Grills revenue reflects sales of Traeger’s wood pellet grills and, more recently, griddles. Consumables revenue includes wood pellets and food consumables, while accessories revenue includes Traeger‑branded accessories and MEATER smart thermometers.

In its full year 2024 results, Traeger reported that total revenues were largely stable compared to the prior year, with grills revenue increasing and consumables revenue also growing, while accessories revenue declined, primarily due to lower sales of MEATER smart thermometers. The company highlighted gross margin expansion driven by factors such as freight and logistics improvements, lower warranty costs, and foreign exchange favorability. Traeger also reported a net loss for the year and positive Adjusted EBITDA, as detailed in its earnings release.

Quarterly results through 2025 show how these revenue categories perform over time. For example, in the first quarter of fiscal 2025, grills revenue increased while accessories revenue declined, again attributed in part to challenges at MEATER. In the second quarter of fiscal 2025, total revenue declined year‑over‑year, with decreases in grills and accessories and an increase in consumables. In the third quarter of fiscal 2025, total revenue and Adjusted EBITDA increased compared to the prior year period, while the company recorded a non‑cash goodwill impairment charge, as described in its earnings release.

Tariffs, supply chain, and strategic responses

Traeger’s 2025 earnings releases discuss the impact of tariffs and the company’s responses. The second quarter fiscal 2025 release notes that tariff‑related dynamics affected both sales and Adjusted EBITDA performance, and describes actions to mitigate tariff exposure. The first quarter fiscal 2025 release outlines mitigation strategies, including supply chain savings, cost reductions, strategic pricing actions, and inventory management. The company has stated that it is working to diversify production further outside of China into regions where it expects tariffs and costs to be lower, and that it anticipates a meaningful reduction in the portion of its production occurring in China in 2026.

These disclosures frame tariffs and supply chain management as important factors in Traeger’s operating environment, and position Project Gravity and other initiatives as responses aimed at protecting profitability, cash flow, and balance sheet health.

NYSE listing status and compliance notice

According to a Form 8‑K filed on November 24, 2025, Traeger received written notice from the New York Stock Exchange that the company was not in compliance with the NYSE’s continued listing standard requiring an average closing price of at least $1.00 per share over a consecutive 30 trading‑day period. The filing states that the notice does not result in the immediate delisting of the company’s common stock and that Traeger intends to remain listed on the NYSE while considering options to regain compliance, including a potential reverse stock split, subject to board and stockholder approval.

The 8‑K explains that under NYSE rules, Traeger has a six‑month cure period following receipt of the notice, during which the company can regain compliance if its stock price meets specified thresholds. The filing also notes that the notice has no immediate impact on the listing of the common stock, does not affect ongoing business operations or SEC reporting obligations, and does not trigger any violation of the company’s debt obligations. A related press release reiterates these points.

Business scale and capital structure

Traeger’s consolidated balance sheets in its annual and quarterly financial statements provide insight into the company’s scale and capital structure. These filings show total assets composed of current assets such as cash and cash equivalents, accounts receivable, inventories, and prepaid expenses, as well as property, plant, and equipment, operating lease right‑of‑use assets, goodwill, and intangible assets. On the liabilities side, Traeger reports accounts payable, accrued expenses, a line of credit, notes payable, operating lease liabilities, deferred tax liabilities, and other non‑current liabilities.

The company’s stockholders’ equity section in these filings includes common stock, additional paid‑in capital, accumulated deficit, and accumulated other comprehensive income. Traeger also discloses that its common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and traded on the NYSE under the symbol COOK.

Position within the outdoor cooking market

Across multiple news releases, Traeger consistently describes itself as the creator and category leader of the wood pellet grill and as holding a leadership position in the outdoor cooking space. The company emphasizes its role in bringing wood pellet grills to market and later entering the griddle category to expand the outdoor cooking experience. Traeger’s communications highlight that its grills are designed to be versatile and easy to use, enabling a range of cooking methods and appealing to cooks with different levels of experience.

By combining grills, fuel, consumables, accessories, and connected products such as MEATER smart thermometers, Traeger presents its offering as a platform for outdoor cooking. The company’s financial disclosures and strategic initiatives, including Project Gravity and tariff mitigation efforts, are framed as supporting this platform and enabling continued investment in product development, brand building, and operational efficiency.

FAQs about Traeger, Inc. (COOK)

• What does Traeger, Inc. do?
  Traeger, Inc. designs, sources, sells, and supports wood pellet fueled barbecue grills and related products. According to company descriptions and Polygon data, its platform centers on Traeger wood pellet grills, complemented by wood pellets, rubs, sauces, accessories, and MEATER smart thermometers.
• Where is Traeger headquartered?
  Traeger Grills is described in multiple news releases as being headquartered in Salt Lake City, Utah. SEC filings list the company’s principal location in Salt Lake City, Utah, without affecting the requirement to avoid specific street addresses.
• On which exchange does COOK stock trade?
  According to Traeger’s Form 8‑K and 8‑K/A filings, the company’s common stock, par value $0.0001 per share, is listed on the New York Stock Exchange under the trading symbol COOK.
• What are Traeger’s main product categories?
  Traeger reports revenue in three primary categories: grills, consumables, and accessories. Grills include wood pellet grills and, as noted in news releases, griddles. Consumables include wood pellets and food consumables. Accessories include Traeger‑branded accessories and MEATER smart thermometers.
• What is Project Gravity?
  Project Gravity is described in several Form 8‑K and 8‑K/A filings as a comprehensive enterprise initiative to streamline Traeger’s organizational structure and rebalance its cost base. It is a multi‑step strategic optimization plan with Phase 1 focused on centralizing operations and Phase 2 focused on channel optimization, supply chain and manufacturing efficiencies, and other productivity measures.
• How much cost savings does Traeger expect from Project Gravity?
  SEC filings indicate that Traeger initially expected Project Gravity to deliver approximately $50 million in annualized pre‑tax cost savings, with Phase 1 contributing about $30 million and Phase 2 about $20 million. A later 8‑K/A filing revised the expected annualized pre‑tax cost savings to approximately $58 million, with Phase 1 and Phase 2 expected to contribute about $30 million and $28 million, respectively.
• What geographic markets does Traeger serve?
  The Polygon description and Traeger’s financial disclosures identify two geographic segments: North America and Rest of World. The majority of revenue is reported to come from North America, with additional revenues from other regions included in the Rest of World segment.
• Has Traeger received any notices regarding its NYSE listing?
  Yes. A Form 8‑K filed on November 24, 2025, states that Traeger received a notice from the NYSE that the average closing price of its common stock was below $1.00 per share over a consecutive 30 trading‑day period, which does not meet a continued listing standard. The filing explains that there is a six‑month cure period and that the notice does not result in immediate delisting or affect ongoing operations or SEC reporting obligations.
• How does Traeger describe its position in the outdoor cooking market?
  In multiple news releases, Traeger describes itself as the creator and category leader of the wood pellet grill and as holding a leadership position in the outdoor cooking space. The company highlights its early role in wood pellet grills and its entry into the griddle category as evidence of its position in outdoor cooking.
• What role do MEATER smart thermometers play in Traeger’s business?
  Earnings releases refer to MEATER smart thermometers as part of Traeger’s accessories revenue. The company has discussed integrating MEATER operations into Traeger’s broader infrastructure and noted that changes in MEATER sales have affected accessories revenue.