Traeger Books Tariff Refund, Slows Diversification from China

Traeger reported Q1 2026 earnings today and noted some positive indicators in what’s a little bit of a muddy quarter. If you think back to this time last year, we were entering all of the tariff changes. Retailers were buying ahead of the tariffs, so the comps are a little deceiving.

Traeger also made some major changes to their business. They stopped selling DTC and exited Costco Roadshows. Those changes lower their revenue this year.