Broad gains across key product segments helped SharkNinja top Wall Street estimates in the first quarter.
Net income was $121.5 million, or 85 cents per diluted share, versus $117.8 million, or 83 cents per diluted share, in the year-previous quarter, the company stated. Adjusted for one-time changes, net income was $154.8 million, or $1.09 per diluted share, versus $123.8 million, or 87 cents per diluted share, in the year-before quarter.
An analyst consensus estimate from Zacks Investment Research had earnings per adjusted diluted share at $1.01 on revenues of $1.37 billion.
Net sales increased to $1.41 billion from $1.22 billion in the prior-year quarter, driven by growth in Cleaning, Cooking and Beverage and Beauty and Home Environment products.
By segment, SharkNinja reported:
- Cleaning Appliances net sales increased to $516.6 million from $441.4 million in the year-past period, driven by growth in carpet extractors and corded vacuums.
- Cooking and Beverage Appliances net sales increased to $414.6 million from $345.9 million in the year-past period, driven by sales of the Ninja Luxe Café espresso machine and the strength of Ninja Crispi.
- Food Preparation Appliances net sales decreased to $287.5 million from $297.4 million in the year-past period, driven by declines in the frozen drinks sub-category, partially offset by strong growth in the blending sub-category.
- Beauty and Home Environment Appliances net sales increased to $194.1 million from $137.9 million in the year-past period, primarily driven by the continued strength of the skincare product portfolio.
In the first quarter, on a geographic basis, net sales in the United States increased by $70.9 million, or 8.4%, year over year, driven by growth within existing categories and the success of new product segments, SharkNinja maintained. International net sales increased by $119.3 million, or 31.6%, year over year, driven by continued global expansion and the introduction of existing product categories into new international markets.
Operating income grew to $164.5 million from $144.9 million in the year-earlier quarter, the company reported, while adjusted operating income grew to $200.9 million from $173 million.
SharkNinja raised its outlook for the full fiscal year to a net sales increase of 11.5% to 12.5%, versus prior expectations of 10% to 11%, and adjusted net income per diluted share between $6 and $6.10, versus prior expectations of between $5.90 and $6.
In announcing the results, Mark Barrocas, SharkNinja CEO, said, “SharkNinja’s momentum has continued into 2026, with Q1 results delivering 15.6% net sales growth that reflects both strength and steadiness in execution. Our three-pillar growth strategy continues to drive substantial market share gains across our expanding portfolio, as we innovate in new categories, capture share in existing segments and accelerate our global footprint with international growth of 31.6%. The strength of our diversified portfolio was evident, highlighted by the outstanding 40.8% growth in Beauty and Home Environment Appliances, driven by our skincare innovations, and the continued success of Ninja Luxe Café and Ninja Crispi in Cooking and Beverage. Our disciplined execution enabled us to deliver adjusted EBITDA growth of 17.5%, marking our fourth consecutive quarter of leverage in adjusted operating expenses as a percentage of net sales.”
He added, “Even as the broader market categories we compete in faced year-over-year weakness in Q1, SharkNinja delivered our 12th consecutive quarter of double-digit organic net sales growth, underscoring the power of our differentiated culture and how it allows us to navigate an unpredictable macro environment. With our proven innovation engine, expanding omni-channel presence worldwide and unwavering commitment to solving consumer problems with 5-star products, we are confident in our ability to continue delivering strong, profitable growth.”
