Overview

* SharkNinja ( SN ) Q2 net sales rise 15.7%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, indicating robust operational performance

* Company raises fiscal 2025 outlook, reflecting confidence in continued growth

Outlook

* SharkNinja ( SN ) now expects fiscal 2025 net sales to grow 13% to 15%

* Company forecasts adjusted net income per share of $5.00-$5.10 for 2025

* SharkNinja ( SN ) projects adjusted EBITDA of $1,100 mln-$1,120 mln for 2025

* Company plans $180 mln-$200 mln in capital expenditures for 2025

Result Drivers

* FOOD PREPARATION APPLIANCES - Sales surged 52.8% due to strong demand for frozen drinks and ice cream makers, particularly the SLUSHi

* BEAUTY AND HOME ENVIRONMENT - Net sales rose 25% driven by FlexBreeze fans, air purifiers, and CryoGlow face masks

* CLEANING APPLIANCES - Increase in sales by 7.6% attributed to strength in carpet extractor and robotics sub-categories

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $1.44 $1.38

bln bln (9

Analysts

)

Q2 Beat $0.97 $0.79

Adjusted (10

EPS Analysts

)

Q2 Net $139.60

Income mln

Q2 Basic $0.99

EPS

Q2 Gross $708.17

Profit mln

Q2 $539.52

Operatin mln

g

Expenses

Q2 $168.65

Operatin mln

g Income

Q2 $180.88

Pretax mln

Profit

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 ( SN ) is $122.25, about 6.6% above its August 6 closing price of $114.16

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(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.)