The final strategic pillar of our tariff mitigation strategy is cost management. This includes near-term cost savings measures, such as a reduction in travel and entertainment expenses and the deferral of nonessential projects, as well as our project gravity streamline initiative.

Nov 6, 2025 / receipt, needs a key / Jeremy Andrus, CEO | earnings call 2025-11-06 | transcript bf0fb33a-238e-4a6d-b6cb-67d8135876b9 | chars 4522-4803 | segment 4

And the Costco Roadshow, I think, is a great example of a program that's been great for our business. We're more than a decade doing Costco Roadshows. And it was profitable. Supply chain costs increased. T&E costs increased. Labor costs increased. It was neutral. And then we started to think about, you know, just the cost or the value, the impressions that we gained. And, you know, I would say that the tariffs were the last sort of the last piece of economics that really just made it not work anymore. With that said, it's been foundational. We now get an opportunity to redirect or redeploy the savings from that program into more scalable ways to drive awareness and conversion.

Nov 6, 2025 / receipt, needs a key / Jeremy, CEO | earnings call 2025-11-06 | transcript bf0fb33a-238e-4a6d-b6cb-67d8135876b9 | chars 41213-41898 | segment 41

Last, We have implemented near-term cost savings measures, such as reduction in travel and entertainment expenses and the deferral of nonessential projects, as well as meaningful cost savings expected to be derived from Project Gravity.

Aug 6, 2025 / receipt, needs a key / Jeremy Andrus, CEO | earnings call 2025-08-06 | transcript 20340244-a638-423b-9da3-b77fe5f742a2 | chars 5193-5429 | segment 5

As we have discussed over the last several quarters, following a period of outsized growth and big-ticket home-related durables during the pandemic, consumers shifted their disposable expenditures towards travel and services, leading to one of the largest declines in the history of the grill industry on record last year.

Aug 2, 2023 / receipt, needs a key / Jeremy Andrus, CEO | earnings call 2023-08-02 | transcript 5ecea7dc-a9f5-4252-81d3-1e9aee67073a | chars 3987-4309 | segment 3

After two years of outsized growth, the dramatic shift in consumer spending patterns away from big-ticket durable goods to travel and leisure, along with lower consumer confidence caused by inflation and geopolitical turmoil, led to unprecedented pressure on demand in the grill category.

Mar 16, 2023 / receipt, needs a key / Jeremy Andrus, CEO | earnings call 2023-03-16 | transcript 6744cc59-a08b-43a5-bbda-312183422c4e | chars 2616-2904 | segment 2

First, we have aggressively reduced certain discretionary expenses across the organization. This includes reductions in travel and entertainment, non-critical professional services, and top of funnel marketing.

Aug 10, 2022 / receipt, needs a key / Jeremy Andrus, CEO | earnings call 2022-08-10 | transcript 7f2481d7-1cad-4f08-85d0-d68d6b5733c4 | chars 8903-9113 | segment 8

The first is that, you know, it became clear to us as we came into the spring that consumers were focused elsewhere, notably on sort of travel, leisure, experience-driven spend. And so that was the first thing. you know, sort of strong indication that we should be pulling back.

Aug 10, 2022 / receipt, needs a key / Jeremy, CEO | earnings call 2022-08-10 | transcript 7f2481d7-1cad-4f08-85d0-d68d6b5733c4 | chars 31744-32022 | segment 32

We also reinstated our Costco Roadshow program, which was paused last year due to COVID, which resulted in higher commissions and travel related expenses.

Sep 9, 2021 / receipt, needs a key / Dom Vossel, CFO | earnings call 2021-09-09 | transcript b6246cba-080b-452b-8cc2-c783e797f4a3 | chars 16328-16482 | segment 16

Adjusted EBITDA maintained and Gross Margin increased, reflecting cost savings and a lower tariff impact than anticipated.

ir_statement / Sep 15, 2026 / receipt

Free Cash Flow of at least $30 million supported by inventory reduction and working capital efficiency initiatives.

ir_statement / Sep 15, 2026 / receipt

Revenue guidance reduced primarily due to additional softness in the MEATER business and anticipated near-term channel impacts associated with the Company's distribution expansion strategy

ir_statement / Sep 15, 2026 / receipt

Importantly, despite lowering our revenue outlook, we are maintaining our Adjusted EBITDA guidance while continuing to invest behind the initiatives that matter most.

ir_statement / Sep 15, 2026 / receipt

Project Gravity continues to strengthen our operating model, improve cash generation and create greater flexibility to invest in growth.

ir_statement / Sep 15, 2026 / receipt

Today, we're also announcing one of the most meaningful distribution expansions in Traeger's recent history through a new partnership with Lowe's.

ir_statement / Sep 15, 2026 / receipt

Adjusted EBITDA and gross margin guidance reflect the flow-through of the IEEPA tariff refund benefit recognized in Q1, with an offset to account for continued MEATER competitive pressure, macro headw

ir_statement / Aug 25, 2026 / receipt

Reflects anticipated benefits from Project Gravity in 2026 (approx. $50 million of total value capture, $30 million incremental in 2026).

ir_statement / Aug 25, 2026 / receipt

Restructuring and other costs (4) 3,180 -

ir_statement / Aug 25, 2026 / receipt

Project Gravity remains on track and is helping us sharpen priorities, simplify the business, and improve the durability of our profit model

ir_statement / Aug 25, 2026 / receipt

we are raising our Adjusted EBITDA and gross margin outlook for the full year

ir_statement / Aug 25, 2026 / receipt