SharkNinja, Inc. ( (SN) ) has released its Q1 earnings. Here is a breakdown of the information SharkNinja, Inc. presented to its investors.
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SharkNinja, Inc. is a global product design and technology company known for its innovative lifestyle solutions, operating primarily in the consumer electronics sector with a diverse portfolio of products under the Shark and Ninja brands.
In its first quarter of 2025, SharkNinja reported a notable 14.7% increase in net sales, reaching $1,222.6 million, despite a challenging market environment. The company raised its fiscal year 2025 outlook, reflecting confidence in continued growth and adaptability.
Key financial metrics showed mixed results with a 7.5% increase in net income to $117.8 million, while adjusted net income fell by 16.7% to $123.8 million. Adjusted EBITDA also saw a decline of 13.1% to $200.4 million. The company experienced growth across all major product categories, with significant increases in Food Preparation and Beauty and Home Environment Appliances. However, gross margins slightly decreased due to tariff impacts and other factors.
Looking ahead, SharkNinja remains optimistic about its growth prospects, expecting net sales to increase by 11% to 13% for the fiscal year 2025. The company continues to focus on innovation, market expansion, and operational efficiencies to drive long-term value for stakeholders.