Steve Force

Steve Force inquired about the international segment growth profile, particularly for Q1 2026, considering the disruption from Mexico last year and recent transitions to a direct operating model in various countries. He also asked about visibility into future growth post-disruptions and the path to a 50/50 business mix.

Answer

Adam Quigley (CFO) highlighted faster international growth than domestic, strong momentum in Latin America (especially Mexico), and acceleration in EMEA. Mark Barrocas (CEO) acknowledged Q1 disruptions from Spain and Italy transitions but expects normalization by Q2, emphasizing strong consumer resonance and demand generation across international markets.

Steve Force from Goldman Sachs asked about the evolution of SharkNinja's international segment growth profile for 2026, particularly considering the triple-digit growth in Mexico and the recent transitions to a direct operating model in various countries. He also sought insight into the visibility of growth post-disruptions.

Answer

CFO Adam Quigley and CEO Mark Barrocas confirmed expectations for international growth to outpace domestic, highlighting strong momentum in Latin America (especially Mexico) and EMEA. They acknowledged Q1 2026 disruptions from direct model transitions in Spain and Italy but expressed confidence in consumer resonance and demand generation across new markets.