By Denny Jacob

SharkNinja on Thursday raised its outlook for the year after first-quarter results grew above estimates, reflecting continuing consumer demand despite concerns about tariffs and higher prices.

The company known for its blenders, vacuums and other home gadgets now expects sales to increase between 11% and 13%, while adjusted earnings per-share are now forecast to be between $4.90 and $5. SharkNinja previously guided for sales growth between 10% to 12% as well as adjusted earnings per-share in the range of $4.80 and $4.90.

Chief Executive Mark Barrocas said the company has developed and implemented a mitigation strategy involving manufacturing efficiencies, strategic retail partnerships and certain operational optimizations as it navigates an evolving tariff landscape.

The Needham, Mass., company has diversified its supply chain with an emphasis on limiting exposure to China after navigating tariffs under the first Trump administration. Barrocas has previously said SharkNinja should have virtually no exposure to China by the end of the fiscal year, and that it has no exposure to Mexico and Canada.

In the January to March period, SharkNinja recorded net income of $117.8 million, or 83 cents a share, up from $109.6 million, or 78 cents a share, in the prior year period.

Stripping out certain one-time items, earnings came in at 87 cents a share. Analysts polled by FactSet expected 73 cents a share.

Sales increased to $1.22 billion from $1.07 billion, which the company said resulted from growth across each of its four major product categories. Analysts polled by FactSet expected $1.17 billion.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 08, 2025 08:12 ET (12:12 GMT)

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