SharkNinja beat Wall Street second-quarter estimates as the company’s Cooking and Beverage Appliances and Beauty and Home Environment operations posted particularly strong sales gains.
Net income was $129.8 million, or 92 cents per diluted share, compared to $139.6 million, or 98 cents per diluted share, in the year-previous quarter, the company reported. Adjusted for one-time events, net income was $178.2 million, or $1.26 per diluted share, versus $137.8 million, or 97 cents per diluted share, in the year-before period.
A Zacks Investment Research analyst consensus estimate called for earnings per adjusted diluted share of $1.10 on revenues of $1.64 billion.
Net sales increased to $1.77 billion from $1.44 billion in the year-earlier quarter. Operating income was $179.4 million versus $168.6 million in the year-prior period, the company pointed out, while adjusted operating income was $231.5 million versus $193.5 million.
In looking at specific operations, SharkNinja noted:
- Cleaning Appliances net sales increased by 4.1% to $522 million, driven by the carpet extractor and cordless vacuums segments.
- Cooking and Beverage Appliances net sales increased by 36.5% to $499 million, driven by sales of the Ninja Luxe Café espresso machine and demand for Ninja Crispi (pictured above).
- Food Preparation Appliances net sales increased by 13.3% to $458.6 million, driven by strong growth in the blending segment.
- Beauty and Home Environment net sales increased by 65.3% to $285.8 million, driven by continued strength of the skincare and fan product segments.
By region, SharkNinja domestic sales gained to $1.14 billion from $988.5 million while international net sales advanced to $623.6 million from $456.4 million.
SharkNinja updated its full-year guidance, with the outlook for net sales to increase 16% to 17% year over year compared to the previous 11.5% to 12.5%, and adjusted net income per diluted share to come in between $6.45 and $6.55, reflecting a 22.2% to 24.1% increase compared to the previous $6 and $6.10.
In announcing results for the second quarter, Mark Barrocas, SharkNinja CEO, said: “Q2 was a standout performance for SharkNinja with net sales growth accelerating to 22.2%, our fastest pace since 2024, powered by broad-based strength across our categories, geographies and channels. This quarter was a clear demonstration of the size and durability of our core business, an area we believe is often underestimated. Our largest, most established franchises like cleaning and blending continue to grow through diversification and relentless innovation, and our international business delivered 36.6% growth, accelerating yet again with strong results across the U.K., Europe and Latin America. That strength carried through to our bottom line, with adjusted EBITDA up 18.6% and adjusted net income per share up 29.9% year-over-year. Our steadfast commitment to solving consumer problems is resonating across the globe, and we believe the number of problems left to address is endless. We head into the second half of the year with real momentum and increasing confidence in our ability to deliver strong, profitable growth over the long term.”
