Strong Revenue Growth
Net sales grew over 14% year-over-year, marking the tenth consecutive quarter of double-digit top-line growth, all of which is organic.
Record Gross Margin
Adjusted gross margins expanded more than 90 basis points year-over-year to surpass 50%, reaching a record high for GAAP gross margin since the company's U.S. listing.
International Expansion Success
International net sales growth accelerated to almost 26% year-over-year, with significant contributions from the U.K. and Mexico.
Product Innovation and Category Expansion
Launched 25 new products, including the successful Ninja Fireside360, Shark Glam and Shark FacialPro Glow, showcasing the company's ability to innovate across various consumer categories.
Increased Guidance for 2025
Full-year net sales are now expected to increase between 15% and 15.5%, with adjusted EBITDA projected to be between $1.115 billion to $1.125 billion.