SharkNinja shares soar 11% as third quarter results crush expectations

NEW YORK - On Thursday, SharkNinja, Inc. (NYSE:SN) reported third-quarter results that significantly exceeded analyst expectations, driven by broad-based growth across all product categories.

The global product design and technology company’s shares surged 11.07% in pre-market trading after the results.

The company reported adjusted earnings per share of $1.50 for the third quarter, crushing the analyst estimate of $0.88 by $0.62. Revenue jumped 14.3% YoY to $1.63 billion, substantially above the consensus estimate of $1.21 billion.

SharkNinja’s impressive performance was fueled by strong growth across all product segments, with Beauty and Home Environment leading the way with a remarkable 56.7% increase. The company also saw solid gains in Cleaning Appliances (up 12.4%), Food Preparation Appliances (up 11.9%), and Cooking and Beverage Appliances (up 6.3%).

"SharkNinja delivered another quarter of exceptional performance with 14.3% net sales growth, reinforcing our position as a global leader in innovative consumer solutions," said Mark Barrocas, Chief Executive Officer. "Our three-pillar growth strategy continues to generate remarkable results as we drive category expansion with breakthrough products."

International sales were particularly strong, increasing 25.8% compared to the same period last year, while domestic sales rose 9.5%. The company’s adjusted gross margin improved by 90 basis points to 50.3%, primarily due to cost optimization efforts.

Following the strong results, SharkNinja raised its fiscal year 2025 outlook, now expecting net sales growth of 15.0% to 15.5%, up from its previous forecast of 13.0% to 15.0%. The company also increased its adjusted earnings per share guidance to between $5.05 and $5.15, above its prior expectation of $5.00 to $5.10.

Adjusted EBITDA for the quarter increased 20.7% to $316.5 million, representing 19.4% of net sales. The company maintained a strong balance sheet with $263.8 million in cash and cash equivalents and $489.0 million available under its revolving credit facility.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.