Product design company SharkNinja meets Q3 sales expectations, ups forecast

Sharkninja

06/11/2025 12:23

Overview

SharkNinja Q3 net sales grow 14.3% yr/yr, meeting analyst expectations

Adjusted EBITDA for Q3 rises 20.7%, reflecting strong operational performance

Company raises fiscal 2025 outlook, expecting higher net sales and adjusted net income

Outlook

SharkNinja raises FY 2025 net sales growth forecast to 15.0%-15.5%

Company expects FY 2025 adjusted EPS between $5.05 and $5.15

SharkNinja anticipates FY 2025 adjusted EBITDA of $1,115 mln to $1,125 mln

Result Drivers

PRODUCT CATEGORY GROWTH - Broad-based growth across all product categories, with notable success in Beauty and Home Environment due to new products like CryoGlow face masks

INTERNATIONAL EXPANSION - International net sales increased 25.8%, contributing significantly to overall sales growth

COST OPTIMIZATION - Improved gross margin by 140 basis points due to cost optimization efforts and reduced sourcing service fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Meet
$1.63 bln
$1.63 bln (9 Analysts)
Q3 Net Income
$188.73 mln
Q3 Basic EPS
$1.34
Q3 Gross Profit
$817.47 mln
Q3 Operating Expenses
$554.58 mln
Q3 Operating Income
$262.89 mln
Q3 Pretax Profit
$243.99 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the appliances, tools & housewares peer group is "buy"

Wall Street's median 12-month price target for Sharkninja Inc is $129.49, about 33.3% above its November 5 closing price of $86.39

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw7MzzFGa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)