SharkNinja raised its full-year financial outlook on Tuesday after first-quarter revenue and adjusted earnings topped analyst expectations, even as tariffs weighed on gross margins.
The appliance maker posted $1.41 billion in first-quarter revenue and lifted its full-year net sales growth forecast to 11.5%–12.5%
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SharkNinja raised its full-year financial outlook on Tuesday after first-quarter revenue and adjusted earnings topped analyst expectations, even as tariffs weighed on gross margins.
The Needham, Massachusetts-based company reported net sales of $1.41 billion for the three months ended March 31, 2026, a 15.6% increase from the same period a year earlier. Adjusted net income per diluted share came in at $1.09. Analysts had expected adjusted earnings of $1.02 per share on revenue of $1.38 billion, according to Barron's.
All three of the company's largest product segments posted gains. Cleaning Appliances net sales rose 17% to $516.6 million, Cooking and Beverage Appliances climbed 19.8% to $414.6 million, and Beauty and Home Environment Appliances jumped 40.8% to $194.1 million, the company said. Food Preparation Appliances fell 3.3% to $287.5 million. International net sales grew 31.6% year over year.
Gross margin slipped by 10 basis points to 49.2% of net sales. The company said this was due to higher tariff costs in the U.S., though cost optimization and a better product mix helped offset some of the impact.
SharkNinja now expects full-year net sales to grow 11.5% to 12.5% over last year, up from its earlier forecast of 10% to 11%. The company also raised its adjusted EBITDA outlook to $1.29 billion to $1.30 billion, from $1.27 billion to $1.28 billion. Adjusted net income per diluted share is now expected to be $6.00 to $6.10, up from $5.90 to $6.00.
Adjusted EBITDA for the quarter rose 17.5% to $235.4 million, or 16.7% of net sales, the company said. Net income increased 3.1% to $121.5 million.
Pointing to the company's diversified product portfolio as a key driver, CEO Mark Barrocas spoke with Barron's about the quarter's performance. "In spite of the year-on-year tariff impact and in spite of the macro consumer confidence challenges, I think we performed very well," he said. "So it really kind of shows the resiliency and the diversification and the durability of what we've built over the last 18 years."
Barrocas told Barron's he has yet to observe any pullback in consumer purchases of SharkNinja products. Shares nonetheless slid roughly 5.5% in midmorning trading, giving back an early gain, as the beat-and-raise report fell short of the elevated bar investors had come to expect.
SharkNinja noted that uncertainty in the operating environment, including potential changes in tariff rates, could affect its outlook.
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