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Stock impact report

SharkNinja Reports Second Quarter 2023 Results

SharkNinja, Inc. Ordinary Shares (SN) 
Last sharkninja, inc. ordinary shares earnings: 11/1 06:00 am Check Earnings Report
US:NYSE Investor Relations: sanchezenergycorp.com
Company Research Source: Business Wire
Net Sales Increased 22.1% and Adjusted Net Sales Increased 19.7%Net Income Declined 27.6% and Adjusted Net Income Grew 40.4%Provides Fiscal Year 2023 Outlook NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (“SharkNinja” or the “Company”) (NYSE: SN), a global product design and technology company, today announced its financial results for the second quarter ended June 30, 2023.Highlights for the Second Quarter 2023 as compared to the Second Quarter 2022Net sales increased 22.1% to $950.3 million and Adjusted net Sales increased 19.7%, both driven by strong sales of recently launched products in the outdoor cooking and beauty categories.Gross margin and Adjusted Gross Margin increased 430 and 370 basis points, respectively, as we benefited from cost tailwinds including inbound freight costs.Net income decreased 27.6% to $11.9 million. Adjusted Net Income increased 40.4% to $65.2 million.Adjusted EBITDA increased 40.0% to $113.6 million, or 12.5% of Adjusted Net Sales.Mark Barrocas, Show less Read more
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