SharkNinja, Inc. Q1 FY2026 earnings call

Mark mentioned Shark Ninja is firing on all cylinders, with global sales trends strong, social engagement surging. Emphasized culture as a superpower, with problem solving at core. Rapidly embraced AI across business, launched Jailbreak Shark Ninja initiative for broad-based experimentation. Discussed three growth pillars: expansion into new and adjacent categories (e.g., Shark Blast Boss, Shark Chill Pill, beauty skincare), growing share in existing categories (e.g., Shark Silky Pro Straight, Ninja Luxe Cafe), and international expansion with robust results across geographies and omni-channel strategy development.

Net sales increased nearly 16% year-over-year. Domestic grew 8.4%, international growth accelerated to almost 32%. Adjusted EBITDA increased roughly 18% with higher adjusted EBITDA margins. Adjusted EPS increased more than 25% year over year. Cleaning category net sales increased 17% to $517 million. Cooking and beverage category net sales increased 19.8% to $415 million. Food preparation category net sales decreased 3.3% to $288 million. Beauty and home environment category increased 40.8% to $194 million.

For full year 2026, now expect net sales to increase between 11.5% and 12.5% compared to prior guidance of 10% to 11%. Adjusted net income per diluted share expected in range of $6 to $6.10 vs $5.90 to $6 previously. Adjusted EBITDA expected in range of $1.29 billion to $1.30 billion, growth of 13.5% to 14.5% year over year vs prior expectation of $1.27 billion to $1.28 billion, growth of 11.8% to 12.7% year over year. Net interest expense still expected flat, gap effective tax rate expectation ~22% to 23%, capital expenditures still between $190 million and $210 million.

Macro environment remains unpredictable, Iran war and higher oil prices potential impact on demand, raw materials and freight costs. Tariff situation and its impact on gross margin also a risk factor.

Q: Randy Connick from Jefferies asked about US industry trends and international bullishness.

A: Mark said North America industry down, domestic business strong, international new DTC platform and TikTok shop set up.

Q: Brooke Roach from Goldman Sachs asked about Iran war and oil prices impact.

A: Mark and Adam said no demand impact seen yet, tariffs and raw materials impacting gross margin.

Q: Rupesh Parikh from Oppenheimer asked about international growth rates.

A: Mark said international growth to remain in low 20s range, media and content spillover important.

Q: Jonah Kim from TD Cowan asked about TikTok and DTC contribution and domestic growth.

A: Adam said D2C and TikTok shop growing faster than domestic business, key building blocks are strong base and new innovation.

Q: Steve Forbes from Guggenheim Securities asked about supply chain and brand affiliate plans.

A: Mark talked about supply chain diversification and brand affiliate plans focusing on media efficiency and market investment.