SharkNinja Q4 Earnings Beat, Higher Sales Across Product Categories

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]