Traeger Inc., a leader in the wood pellet grill market, announced its financial results for the second quarter of fiscal year 2025, ended June 30, 2025. The company's total revenue decreased by 13.6% to $145.5 million, compared to $168.5 million in the same quarter last year. This decline was primarily attributed to a 21.9% drop in grill sales, which amounted to $74.2 million, driven by a decrease in unit volume, though partially offset by a rise in the average selling price. The company reported a net loss of $7.4 million for the quarter. Traeger is implementing strategic measures to counteract the impact of tariffs, with expectations to offset approximately 80% of its $60 million unmitigated tariff exposure by the end of FY25. Looking ahead, Traeger has provided guidance for the full fiscal year 2025. The company expects total revenue to range between $540 million and $555 million, and gross margins are anticipated to be between 40.5% and 41.5%. Adjusted EBITDA is projected to be between $66 million and $73 million. Traeger is also advancing its efficiency initiative, Project Gravity, aimed at streamlining operations and achieving $30 million in annualized cost savings through its first phase. A comprehensive evaluation of operations is underway as part of Phase 2, with anticipated additional savings and efficiency improvements.