Core Viewpoint - SharkNinja, Inc. has shown strong financial performance, leading to a maintained "Buy" rating and an increased price target by Jefferies from $175 to $200 [1][5] Financial Performance - For Q4 2025, SharkNinja reported earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of $1.78 per share, resulting in an 8.23% earnings surprise [2][5] - The earnings of $1.93 per share represent a significant increase from the previous year's earnings of $1.4 per share [2] - The company generated $2.1 billion in revenue for the quarter ending December 2025, which was 1.30% above the Zacks Consensus Estimate and an increase from $1.79 billion in the same quarter the previous year [3][5] Stock Performance - The current stock price of SharkNinja is $128, reflecting a price change of $9.36, or a 7.89% increase [4] - The stock has fluctuated between a low of $114.08 and a high of $128.05 on the day of reporting [4] - Over the past year, the stock reached a high of $129.19 and a low of $60.50, with a market capitalization of approximately $18.07 billion [4]

Core Insights - SharkNinja, Inc. reported strong fourth-quarter 2025 results, with both revenue and earnings exceeding expectations and showing year-over-year growth [1][10] Financial Performance - Earnings per share (EPS) reached $1.93, surpassing the Zacks Consensus Estimate of $1.78, marking a 37.9% increase from $1.40 in the same quarter last year [1][10] - Net sales totaled $2.10 billion, up 17.6% year over year, exceeding the Zacks Consensus Estimate of $2.07 billion, and grew 16.2% on a constant-currency basis [3][10] - Adjusted gross profit rose 18.4% to $1.01 billion, with adjusted gross margin expanding by 40 basis points to 48.2% [4] - Adjusted operating income surged 43.2% to $367.3 million, representing 17.5% of net sales [7] Expense Analysis - Research and development expenses increased by 13.1% to $98.2 million, driven by higher personnel costs and increased expenses for prototypes and testing [5] - Sales and marketing expenses rose 8% to $458.7 million, influenced by higher delivery and distribution costs and personnel-related expenses [6] - General and administrative expenses decreased by 13%, attributed to lower personnel-related costs, partially offset by higher legal fees [6] Product and Category Performance - Cleaning Appliances net sales increased 3.4% to $669.9 million, supported by strong performance in carpet extractors and robotics [8] - Cooking and Beverage Appliances sales climbed 11.7% to $667.3 million, driven by the Ninja Luxe Cafe espresso machine [8] - Food Preparation Appliances saw a 28.1% increase in sales to $438 million, bolstered by strong sales in the frozen drinks category [9] - Beauty and Home Environment Appliances experienced a significant 63.2% growth to $326.2 million, driven by fans, air purifiers, and new product launches [9] Geographical Sales Performance - Domestic net sales rose 15.7% to $1.37 billion, while international net sales increased 21.4% to $729.1 million [11] Future Outlook - For fiscal 2026, SharkNinja projects net sales growth of 10-11% and adjusted EPS between $5.90 and $6.00, indicating continued growth [10][14] - Adjusted EBITDA is expected to be between $1,270 million and $1,280 million, reflecting an 11.8-12.7% increase from the previous year [14] - The company plans capital expenditures of $190-$210 million to support product launches and technology investments [14] Share Repurchase Program - The board has authorized a share repurchase program of up to $750 million, expected to commence in 2026 [13]

Core Viewpoint - The company reported strong performance in Q4 of FY2025, achieving growth in both revenue and profit, along with significant improvement in cash flow [1]. Financial Performance - The company's revenue for the quarter was $1.63 billion, representing a year-over-year increase of 14.28% [2]. - The net profit attributable to shareholders was $189 million, showing a substantial year-over-year growth of 42.62% [2]. - The company maintained continuous revenue growth throughout the year [2]. - The gross margin for the reporting period was 49.77%, while the net profit margin reached 11.58% [2]. - The return on equity (ROE) was 27.36%, indicating strong profitability [2]. Financial Condition - As of September 30, 2025, the net cash flow from operating activities was $111 million, and free cash flow turned positive at $86.16 million, reflecting good operational efficiency and financial health [3].

Financial Data and Key Metrics Changes - SharkNinja achieved $6.4 billion in net sales for 2025, up nearly 16% year-over-year, with domestic net sales growing 13.5% and international net sales increasing 20.8% [23][24] - Adjusted EBITDA increased more than 19% year-over-year to $1.14 billion, with adjusted EBITDA margins expanding approximately 50 basis points [23][29] - Adjusted earnings per share reached a record $5.28, up nearly 21% year-over-year [23] Business Line Data and Key Metrics Changes - Net sales in the cleaning category increased 3.4% year-over-year to $670 million, with carpet extraction being a standout performer [26] - The cooking and beverage category saw net sales increase 11.7% year-over-year to $667 million, driven by the success of the Ninja Luxe Cafe Espresso Machine [26] - The food preparation category experienced a 28.1% year-over-year increase in net sales to $438 million, with strong momentum in frozen treats [26] - The beauty and home environment category grew 63.2% year-over-year to $326 million, the highest growth rate of the year [27] Market Data and Key Metrics Changes - The U.S. market that SharkNinja participates in declined in the low single digits year-over-year for 2025, while SharkNinja gained market share across all four category groupings [7] - The U.K. business grew 9.2% year-over-year in Q4, despite declines in air fryer sales, showcasing the strength of diversification [25] - Latin America, particularly Mexico, showed triple-digit growth, indicating strong momentum and future opportunities [21] Company Strategy and Development Direction - SharkNinja's strategy focuses on diversification across products, channels, and geographies, which is seen as a foundational driver of success [8][21] - The company plans to expand into new categories, with significant excitement around launches in 2026, including two additional subcategories [15] - SharkNinja aims to maintain leadership in existing categories through relentless innovation and execution [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to operate effectively in challenging consumer environments, emphasizing consistent execution and durable performance [8] - The outlook for 2026 includes expected net sales growth of 10% to 11% and adjusted net income per diluted share in the range of $5.90 to $6, reflecting a 12% to 14% year-over-year increase [37] - Management highlighted the importance of consumer trust and engagement as central to the company's growth strategy [4][42] Other Important Information - SharkNinja announced a $750 million share repurchase program, reflecting strong cash generation and balance sheet strength [14][35] - The company completed its global Oracle implementation and launched Salesforce in the U.S. and Canada to enhance its direct-to-consumer platform [11] Q&A Session Questions and Answers Question: What is the medium-term growth algorithm for the U.S. business? - Management indicated that the U.S. business is expected to grow at a double-digit rate in 2026, driven by strong D2C growth and retailer support [46] Question: Can you provide context regarding the expansion and its impact on growth margin and expense control? - Management noted that growth in the first half of 2026 will be supported by strong sales, with expectations for continued expense control [47] Question: How do you see the international segment growth profile evolving in 2026? - Management expects international growth to outpace domestic growth, particularly in Latin America and EMEA, with a focus on transitioning to a direct model in various countries [52][54] Question: Can you discuss the customer demographics being attracted through the beauty segment? - Management highlighted that the beauty segment is attracting a younger demographic, including young males, and emphasized the potential for expanding the beauty tech market [64] Question: How would you define the success of recent celebrity campaigns? - Management noted significant growth in social media engagement and brand visibility as indicators of success from celebrity partnerships [70]

Financial Data and Key Metrics Changes - SharkNinja achieved $6.4 billion in net sales for 2025, up nearly 16% year-over-year, with adjusted EBITDA increasing more than 19% to $1.14 billion [23][24] - Adjusted earnings per share reached a record $5.28, up nearly 21% year-over-year [23] - In Q4, net sales increased 17.6% year-over-year to $2.1 billion, with domestic sales up 15.7% and international sales up 21.4% [24][25] - Adjusted gross margins in Q4 increased nearly 40 basis points year-over-year to 48.2% of net sales [29] Business Line Data and Key Metrics Changes - Cleaning category net sales increased 3.4% year-over-year to $670 million, driven by innovations like the Shark Stain Force Cordless Spot and Stain Cleaner [26] - Cooking and beverage category net sales increased 11.7% year-over-year to $667 million, with the Ninja Luxe Café Espresso Machine being a significant contributor [26] - Food preparation category net sales increased 28.1% year-over-year to $438 million, supported by momentum in the frozen treats business [26][27] - Beauty and home environment category saw a remarkable 63.2% year-over-year growth to $326 million, driven by multiple subcategories including Shark beauty tech products [27] Market Data and Key Metrics Changes - The U.K. business grew 9.2% year-over-year in Q4, despite declines in air fryer sales, showcasing the strength of diversification [25] - Latin America, particularly Mexico, experienced triple-digit growth, indicating strong momentum and future opportunities [21][24] - EMEA region showed robust results across multiple countries, with a focus on transitioning to a direct operating model [20][54] Company Strategy and Development Direction - SharkNinja's strategy focuses on diversification across products, channels, and geographies to drive growth [8][9] - The company aims to expand into new categories, having entered two additional subcategories in 2025 and planning to add two more in 2026 [15][16] - Investment in technology, particularly AI, is a key focus for long-term growth, with plans to hire 100 new software engineers [12][11] - The company announced a $750 million share repurchase program, reflecting confidence in its financial position and commitment to shareholder value [14][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic challenges, emphasizing that these challenges present opportunities for growth [40] - The outlook for 2026 includes expected net sales growth of 10% to 11% and adjusted net income per diluted share growth of 12% to 14% [38] - Management highlighted the importance of consumer engagement and product resonance as key drivers for future success [60][61] Other Important Information - SharkNinja's balance sheet showed a net cash position at the end of 2025, providing flexibility for future investments [35] - The company has completed its global Oracle implementation and launched Salesforce in the U.S. and Canada to enhance direct-to-consumer capabilities [11] Q&A Session Summary Question: Medium-term growth algorithm for U.S. business - Management indicated that the U.S. business is expected to achieve double-digit growth in 2026, with contributions from both units and pricing [45][46] Question: International segment growth and visibility - Management noted that international growth is expected to outpace domestic growth, with strong momentum in Latin America and EMEA [49][52] Question: Characteristics of customers acquired through beauty segment - Management highlighted that the beauty segment is attracting a younger demographic, including young males, and emphasized the potential for category expansion [63][64] Question: Success of celebrity campaigns and future initiatives - Management reported significant growth in social media engagement and consumer perception, attributing success to celebrity partnerships and a sophisticated demand generation strategy [70][72]

Financial Data and Key Metrics Changes - SharkNinja achieved $6.4 billion in net sales for 2025, up nearly 16% year-over-year, with adjusted EBITDA increasing more than 19% to $1.14 billion [21][22] - Adjusted earnings per share reached a record $5.28, up nearly 21% year-over-year [21] - In Q4, net sales increased 17.6% year-over-year to $2.1 billion, with domestic sales up 15.7% and international sales up 21.4% [22][24] Business Line Data and Key Metrics Changes - Cleaning category net sales increased 3.4% year-over-year to $670 million, driven by innovations like the Shark Stain Force Cordless Spot and Stain Cleaner [24] - Cooking and beverage category net sales rose 11.7% to $667 million, with the Ninja Luxe Cafe Espresso Machine being a significant contributor [24] - Food preparation category saw a 28.1% increase to $438 million, supported by global momentum in frozen treats [24] - Beauty and home environment category experienced a remarkable 63.2% growth to $326 million, the highest growth rate of the year [25] Market Data and Key Metrics Changes - The U.S. market for SharkNinja declined in the low single digits year-over-year, while SharkNinja gained market share across all four category groupings [6] - The U.K. business grew 9.2% year-over-year in Q4, despite declines in air fryer sales [22][23] - Latin America, particularly Mexico, showed triple-digit growth, indicating strong momentum and future opportunities [19][24] Company Strategy and Development Direction - SharkNinja's strategy focuses on diversification across products, channels, and geographies to drive growth [8][10] - The company plans to expand into new categories, having entered two additional subcategories in 2025 and aiming for two more in 2026 [14] - The beauty segment is seen as a significant growth area, with ambitions to become the number one beauty tech company globally [61] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic challenges, viewing them as opportunities for growth [37] - The outlook for 2026 includes expectations for net sales growth between 10% and 11% and adjusted net income per diluted share to increase by 12%-14% year-over-year [34] - The company aims to maintain double-digit growth and expand profitability on the adjusted EBITDA line at a faster rate than top-line growth [20][34] Other Important Information - SharkNinja announced a $750 million share repurchase program, reflecting strong cash flow and a net cash position [13][33] - The company completed its global Oracle implementation and launched Salesforce in the U.S. and Canada to enhance its direct-to-consumer platform [11] Q&A Session Summary Question: What is the medium-term growth algorithm for the U.S. business? - Management indicated that the U.S. business is expected to achieve double-digit growth in 2026, with contributions from both units and pricing [41][42] Question: How will international segment growth evolve in 2026? - Management expects international growth to outpace domestic growth, particularly in Latin America and EMEA, despite some transitional disruptions [45][49] Question: What characteristics define customers acquired through the beauty segment? - The beauty segment is attracting a younger demographic, including young males, and is expanding the market size significantly [58][61]

Core Insights - SharkNinja, Inc. reported quarterly earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of $1.78 per share, and showing an increase from $1.4 per share a year ago, resulting in an earnings surprise of +8.23% [1] - The company achieved revenues of $2.1 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.30% and up from $1.79 billion year-over-year [2] - SharkNinja has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The sustainability of SharkNinja's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3] - The current consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $1.4 billion, and for the current fiscal year, it is $5.95 on revenues of $7.05 billion [7] Industry Context - The Consumer Products - Discretionary industry, to which SharkNinja belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact SharkNinja's stock performance [5]

INVESTOR PRESENTATION This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to, among other things, future events and its future business, financial condition, results of operations and prospects. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," ...

Core Insights - SharkNinja's profit experienced a significant increase due to rising sales across all four product categories [1] Group 1: Financial Performance - The company's profit surged, indicating strong financial health and operational efficiency [1] - Sales growth was observed in all four product categories, showcasing a diversified revenue stream [1]

Core Viewpoint - SharkNinja, Inc. announced its financial results for the fourth quarter and the year ended December 31, 2025, reporting performance in accordance with GAAP and on a non-GAAP basis [1]. Financial Performance - The company reported its financial performance for the fourth quarter and the full year, indicating a comprehensive overview of its fiscal health [1]. - Specific financial metrics and comparisons to previous periods were not detailed in the provided text [1]. Accounting Standards - SharkNinja's financial results are presented in accordance with generally accepted accounting principles in the United States (GAAP) and also include non-GAAP adjustments [1]. - Additional information regarding non-GAAP financial measures is referenced but not elaborated upon in the text [1].