SharkNinja beat Wall Street estimates in its second-quarter as three of its four housewares product groups posted higher year-over-year sales.
Net income was $139.6 million, or 98 cents per diluted share, versus $68 million, or 48 cents per diluted share, in the prior-year quarter. Adjusted for one-time events, net income was $137.8 million, or 97 cents per diluted share, versus $99.6 million, or 71 cents per diluted share, in the year-earlier period, the company stated.
A Zacks Investment Research analyst consensus estimate called for earnings per adjusted diluted share of 78 cents on revenues of $1.37 billion.
Net sales increased to $1.44 billion compared to $1.25 billion in the year-before quarter. SharkNinja reported the increase in net sales resulted from gains in Food Preparation Appliances, Cleaning Appliances and Beauty and Home Environment Appliances, partially offset by a decline in Cooking and Beverage Appliances.
Cleaning Appliances net sales advanced 7.6% to $501.5 million in the quarter year over year, driven by strength in the carpet extractor and robotics sub-categories, the company noted. Cooking and Beverage Appliances net sales decreased by 3.6% to $365.7 million, hit by a decline in the air fryer and outdoor grill sub-categories, partially offset by the sales momentum of the Ninja Luxe Café espresso machine (pictured above). Food Preparation Appliances net sales grew by 52.8% to $404.8 million in the period year over year, driven by strong sales of the frozen drink and ice cream makers. Beauty and Home Environment net sales grew by 25% to $172.9 million, driven primarily by strength of FlexBreeze fans and air purifiers, as well as the launch of CryoGlow face masks in 2025.
Domestic SharkNinja sales 13.7% year over year, while international net sales increased by 20.3%, according to the company.
Operating income was $168.6 million versus $103.8 million in the year-previous quarter, while adjusted operating income was $193.5 million versus $143.2 million, SharkNinja reported.
