SharkNinja profits surge due to booming beauty and home appliance sales
SharkNinja's four major product categories saw sales growth across the board, with fourth quarter profits surging sharply.
The company, known for its blenders, vacuum cleaners, and other household appliances, achieved a net profit of $255.2 million, or $1.80 per share; in the same period last year, net profit was $128.7 million, or $0.91 per share.
Adjusted earnings per share were $1.93. Analysts surveyed by FactSet previously expected $1.80 per share.
Sales grew by 18% to $2.1 billion, exceeding Wall Street's expectations of $2.09 billion as compiled by FactSet.
Driven by strong sales of fans, air purifiers, and last year's launch of facial mask products, sales of beauty and home environment appliances jumped 63%.
Thanks to the strong performance of the Ninja Luxe Café espresso machine and the iced beverage series, cooking and beverage appliances as well as food processing appliances also achieved double-digit growth.
Benefiting from the company's continued global expansion and the launch of new categories in overseas markets, international sales grew by 21%.
SharkNinja expects adjusted earnings per share for the current year to be between $5.90 and $6.00, with sales growing by 10% to 11% year-over-year.
Wall Street expects its adjusted earnings per share to be $5.98, with sales of $7.15 billion, representing a year-over-year increase of about 12% based on this estimate.
The SharkNinja management team also approved a $750 million stock buyback plan, which is scheduled to begin in fiscal year 2026.
Editor: He Yun
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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