For the first quarter, SharkNinja beat Wall Street earnings and revenue estimates, even if results were somewhat mixed.
Net income was $117.8 million compared to $109.6 million in the year-before quarter, as net income per diluted share came in at 83 cents versus 78 cents. Adjusted for one-time events, net income was $123.8 million compared to $148.6 million in the year-previous quarter. In contrast, net income per diluted share came in at 87 cents versus $1.06, the company noted.
A Zacks Investment Research analyst consensus estimate called for adjusted diluted earnings per share of 73 cents and revenues of $1.18 billion.
Net sales increased to $1.22 billion versus $1.07 billion in the year-prior quarter. Operating income was $144.9 million versus $154.9 million in the year-earlier quarter, while adjusted operating income was $173 million versus $202.2 million.
The increase in net sales resulted from growth in each of SharkNinja’s four major product segments: Food Preparation Appliances, Cooking and Beverage Appliances, Cleaning Appliances, and Beauty and Home Environment Appliances.
Cleaning Appliances net sales increased 4.6%, to $441.4 million, driven by the carpet extraction and cordless vacuums sub-categories, SharkNinja maintained. Cooking and Beverage Appliances net sales increased 4.9% to $345.9 million, driven by sales of Ninja Luxe Café espresso machines and the strength of Ninja Crispi in the United States. Food Preparation Appliances net sales increased 45% to $297.4 million, driven by strong sales in the frozen drinks and ice cream makers sub-categories. Beauty and Home Environment Appliances net sales increased 25.8%, to $137.9 million, primarily driven by the continued strength of FlexBreeze fans and air purifiers and the launch of CryoGlow face masks.
Geographically, domestic net sales increased 15.1% and international net sales increased 13.7%, the company indicated, with the international sales gain including the unfavorable impact of SharkNinja’s Mexico business transition from a distributor to a direct model, as well as the timing of Easter and key new product launches in the United Kingdom.
Mark Barrocas, SharkNinja CEO, said in announcing the financial results, “SharkNinja began 2025 with strong momentum, delivering nearly 15% top-line growth in a challenging market environment while demonstrating the remarkable adaptability and problem-solving capabilities that define our culture. Our three-pillar growth strategy continues to drive substantial market share gains across our expanding portfolio, as we innovate in new categories, grow share in existing segments, and advance our global footprint. While navigating an evolving tariff landscape, we’ve developed and begun implementing a comprehensive mitigation strategy through manufacturing efficiencies, strategic retail partnerships and targeted operational optimizations. Furthermore, our proactive supplier diversification has positioned us with significant and improving supply chain flexibility. With strong profitability, robust demand for our five-star products, and our team’s relentless execution, we are confident in our ability to continue delivering sustainable growth and long-term value for our stakeholders.”
