SharkNinja Inc (NYSE:SN)

Q1 2025 Sharkninja Inc Earnings Call Transcript

May 8, 2025 / 12:30 PM GMT

Release Date Price: $91.63 (+12.86%)

Transcript

Key Points

Positve

SharkNinja Inc (SN) reported its 8th consecutive quarter of double-digit revenue growth, with net sales increasing nearly 15% year over year.
The company achieved an adjusted gross margin of 50% and adjusted EBITDA of $200 million in Q1 2025.
SharkNinja Inc (SN) has successfully diversified its manufacturing capabilities, expecting to move 90% of its US volume outside of China by the end of Q2 2025.
The company continues to expand into new and adjacent categories, launching successful products like the Slushy frozen drink maker and Cryoglow skincare product.
SharkNinja Inc (SN) is committed to launching at least 25 new products in 2025, maintaining its focus on innovation and product development.

Negative

The company faces significant challenges from tariffs, with a 145% tariff on China and 10% on Southeast Asia impacting costs.
Adjusted EBITDA decreased by 13% year over year, largely due to substantial investments in growth initiatives.
SharkNinja Inc (SN) anticipates some revenue disruption in North America due to potential out-of-stock situations and supply chain challenges.
The transition of the Mexico business from a distributor model to a direct market resulted in a one-time revenue reversal in Q1.
Adjusted net income for Q1 2025 decreased to $124 million from $149 million in the same period last year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SN.N - Sharkninja Inc
Q1 2025 Sharkninja Inc Earnings Call
May 08, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and thank you all for attending the Shark Ninjas Q125 earnings call.

My name is Bria, and I will be your moderator for today.

All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end.

If you would like to ask a question during this time, please press 1 on your telephone keypad. To remove your request, press 2. And for operator assistance at any point, please press 0.

Thank you.

I would now like to pass the conference over to your host, James Lamb, senior Vice President of Investor Relations and Treasury.

Thank you may proceed, James.

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