Quarterly ResultMay 6, 2026, 07:17 AM
SharkNinja Q1 Net Sales +15.6% to $1.41B; EPS $0.86; Net Income +3.1%
AI Summary
SharkNinja, Inc. reported a 15.6% increase in net sales, reaching $1.41 billion for the first quarter of 2026, up from $1.22 billion in the prior year. Net income grew 3.1% to $121.46 million, with basic earnings per share rising to $0.86. The company saw strong growth in international markets and its Shark brand, while also repurchasing $18.46 million in ordinary shares and repaying $10.13 million in debt. However, net cash used in operating activities significantly increased to $(156.28) million.
Key Highlights
- Net sales rose 15.6% to $1.41 billion in Q1 2026 from $1.22 billion in Q1 2025.
- Net income increased 3.1% to $121.46 million in Q1 2026 from $117.84 million in Q1 2025.
- Basic EPS grew to $0.86 in Q1 2026 from $0.84 in Q1 2025.
- International net sales increased to $496.82 million (35.2% of total) from $377.55 million (30.9%).
- Shark brand net sales rose to $710.69 million (50.3% of total) from $579.31 million (47.4%).
- Repurchased $18.46 million of ordinary shares in Q1 2026.
- Net cash used in operating activities was $(156.28) million, compared to $(54.86) million in Q1 2025.
- Repaid $10.13 million of debt in Q1 2026.
Price Impact
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