Core Insights - SharkNinja is positioned for continued market success due to its strong financial metrics and aggressive product roadmap [1] - The company has established itself as a leading provider of innovative household appliances and cleaning solutions [1] Financial Performance - SharkNinja's Superscore is 72/100, indicating solid overall performance, particularly in financial metrics [3] - The company has a Financial score of 93/100, reflecting its fiscal strength and accelerated revenue growth of 30% since going public in July 2023 [6] - Free cash flow production has reached nearly $450 million over the past year, allowing for a reduction in debt [6] - Return on Unleveraged Net Tangible Assets (ROUNTA) stands at 48.4%, showcasing exceptional efficiency in generating earnings from physical assets [5] Product Development - SharkNinja's Product score is 69/100, highlighting its aggressive investment in product development across various categories [7] - The company plans to launch 25 new products in 2025, indicating a strong commitment to innovation [7] Technology and AI Implementation - The AI score is 40/100, suggesting significant room for growth in AI implementation [8] - This area will be crucial for investors to monitor, especially as SharkNinja competes in the robotics and automation space [11] Overall Scores - Superscore: 72/100 [10] - Financial: 93/100 [10] - Technology: 60/100 [10] - Product: 69/100 [10] - Leadership: 65/100 [10] - AI Implementation: 40/100 [10] - Surge: 49/100 [10] - ROUNTA: 48.4% [10]

Core Viewpoint - Smith+Nephew has launched a new foot & ankle repair portfolio in Australia and New Zealand, featuring proprietary adjustable tensioning technology that enhances surgical procedures for Achilles reconstruction and lateral ankle instability repair [1][4]. Product Innovation - The ULTRABRIDGE Adjustable Achilles Reconstruction and ULTRABRACE Adjustable Ankle Instability Techniques allow surgeons to adjust suture tension after anchor insertion, optimizing the repair process [1][2]. - The portfolio includes a best-in-class all suture anchor that ensures consistent deployment and strong fixation, now integrated with needles for open procedures [3]. Market Context - The introduction of this technology is particularly relevant in Australia and New Zealand, where over 75% of the population participates in sports and active recreation [4]. - Approximately 230,000 Australians visit General Practitioners annually for ankle sprains or strains, indicating a significant market opportunity for foot & ankle solutions [4]. Company Overview - Smith+Nephew is a global medical technology company focused on the repair, regeneration, and replacement of soft and hard tissue, with annual sales of $5.5 billion in 2023 [6][7]. - The company operates in over 100 countries and aims to restore patients' bodies and self-belief through innovative technologies [6][7].

Financial Data and Key Metrics Changes - In Q4 2024, net sales increased by 30% year-over-year, reaching nearly $1.8 billion [53] - Adjusted EBITDA rose by 32% to $291 million, with a 30 basis point increase in adjusted EBITDA margin [54] - For the full year 2024, adjusted net sales and adjusted EBITDA both grew by 32% [55] Business Line Data and Key Metrics Changes - Cleaning category net sales increased by 20% to $648 million [56] - Cooking and beverage category net sales grew by 19% to $597 million [57] - Food prep category saw a significant increase of 89% to $342 million, driven by the success of CREAMi and SLUSHi [58] - Beauty and home environment category sales climbed by 31% to $200 million, fueled by strong demand for hair care products and the early success of CryoGlow [59] Market Data and Key Metrics Changes - North American net sales increased by 22% year-over-year, while international net sales grew by 49% [54][55] - International business generated $1.7 billion in net sales, with triple-digit growth in Germany and France [44][55] Company Strategy and Development Direction - The company focuses on a three-pillar growth strategy: expanding into new categories, increasing market share in existing categories, and driving international growth [16] - Plans to launch 25 new products in 2025 across various categories, including beauty and home environment [17][23] - The company aims to diversify its supply chain, with nearly all U.S. production expected to shift outside of China by the end of 2025 [69][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory, emphasizing a strong pipeline of innovation and a commitment to consumer-driven growth [79][81] - The company anticipates net sales growth of 10% to 12% for 2025, with adjusted net income per diluted share expected to increase by 12% to 15% year-over-year [73] Other Important Information - The company achieved a compounded annual growth rate of 24% in adjusted net sales and 35% in adjusted EBITDA over the past two years [11] - The company held a cash balance of $364 million with total debt outstanding of $780 million, resulting in a net leverage ratio of 0.4x [67] Q&A Session Summary Question: What does a "normal growth year" look like for the company? - Management indicated that they believe in long-term double-digit growth, with guidance for 2025 set at 10% to 12% [87] Question: Can you provide insights on direct-to-consumer (D2C) growth? - D2C is expected to grow faster than the rest of the business, with plans to enhance the shopping experience through a transition to Salesforce [100][105] Question: What are the key areas of operating expense reinvestment for 2025? - Management highlighted that supply chain costs will be elevated in the first half of the year, but they expect to leverage sales and marketing expenses and G&A costs in the second half [111][113] Question: Can you quantify the impact of the Mexico distributor inventory transition? - Management noted that while they won't provide exact figures, they expect significant acceleration in Mexico's market potential in the coming years, estimating it to be at least a $400 million opportunity [119][129]

Group 1 - SharkNinja, Inc. reported revenue of $1.79 billion for the quarter ended December 2024, reflecting a year-over-year increase of 29.7% [1] - The company's EPS for the quarter was $1.40, up from $0.94 in the same quarter last year, indicating strong earnings growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.61 billion by 10.83%, and the EPS also surpassed the consensus estimate of $1.26 by 11.11% [1] Group 2 - SharkNinja's international revenue reached $600.63 million, significantly above the average estimate of $499.50 million from two analysts [4] - Domestic revenue was reported at $1.19 billion, exceeding the average estimate of $1.10 billion from two analysts [4] - Net sales in key product categories also outperformed estimates, with cleaning appliances at $648.03 million versus $629.02 million, food preparation appliances at $341.95 million versus $266.27 million, and cooking and beverage appliances at $597.28 million versus $546.97 million [4] Group 3 - Over the past month, SharkNinja's shares returned +3.2%, slightly below the Zacks S&P 500 composite's +3.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Group 1 - SharkNinja, Inc. reported quarterly earnings of $1.40 per share, exceeding the Zacks Consensus Estimate of $1.26 per share, and showing an increase from $0.94 per share a year ago, representing an earnings surprise of 11.11% [1] - The company achieved revenues of $1.79 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 10.83%, compared to $1.38 billion in the same quarter last year [2] - SharkNinja, Inc. has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has gained approximately 13.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $1.2 billion, and for the current fiscal year, it is $4.81 on revenues of $5.98 billion [7] Group 3 - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector is currently in the top 12% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this industry [8] - The estimate revisions trend for SharkNinja, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]

Financial Performance - Net sales for Q4 2024 reached $1,787,187, a 29.7% increase from $1,377,499 in Q4 2023[37] - Gross profit for the year ended December 31, 2024, was $2,661,991, up 39.4% from $1,907,852 in 2023[37] - Operating income for Q4 2024 was $205,122, compared to $100,754 in Q4 2023, reflecting a 103.5% increase[37] - Net income for the year ended December 31, 2024, was $438,705, a significant increase of 162.2% from $167,078 in 2023[37] - Adjusted Net Sales for the year ended December 31, 2024, reached $5,528,639 thousand, a 30% increase from $4,253,710 thousand in 2023[43] - Adjusted Gross Profit for the year ended December 31, 2024, was $2,715,062 thousand, compared to $1,958,586 thousand in 2023, reflecting a gross margin improvement from 46.9% to 49.1%[46] - Adjusted Operating Income for the year ended December 31, 2024, increased to $839,500 thousand, up from $638,273 thousand in 2023[49] - Adjusted Net Income for the year ended December 31, 2024, was $616,244 thousand, compared to $449,259 thousand in 2023, with Adjusted Net Income Per Share rising from $3.22 to $4.37[51] - Net income for the three months ended December 31, 2024, was $128.716 million, compared to $49.324 million for the same period in 2023, representing a 160% increase[54] - Adjusted EBITDA for the year ended December 31, 2024, reached $951.105 million, up from $719.695 million in 2023, indicating a growth of 32.2%[54] - Adjusted EBITDA Margin for the three months ended December 31, 2024, was 16.3%, slightly up from 15.9% in the same period of 2023[54] - Adjusted Net Sales for the year ended December 31, 2024, were $5.529 billion, compared to $4.176 billion in 2023, reflecting a year-over-year increase of 32.4%[54] Assets and Earnings - Cash provided by operating activities for the year ended December 31, 2024, was $446,620, up from $280,601 in 2023[38] - Total assets increased to $4,394,159 as of December 31, 2024, from $3,487,070 in 2023, representing a growth of 26.0%[35] - Retained earnings rose to $909,024 in 2024, compared to $470,319 in 2023, indicating a growth of 93.2%[35] - The company reported a total of 140,347,436 shares outstanding as of December 31, 2024, compared to 139,083,369 shares in 2023[35] Segment Performance - Total net sales for the Cleaning Appliances segment in 2024 were $2,063,514 thousand, up from $1,770,073 thousand in 2023, marking a 16.5% increase[44] - The Cooking and Beverage Appliances segment saw net sales rise to $1,717,654 thousand in 2024, compared to $1,435,473 thousand in 2023, representing an 19.6% increase[44] - The Food Preparation Appliances segment reported net sales of $1,178,735 thousand in 2024, a substantial increase from $645,326 thousand in 2023, reflecting an 82.5% growth[44] - The Beauty and Home Environment Appliances segment achieved net sales of $568,736 thousand in 2024, up from $325,294 thousand in 2023, indicating a 74.6% increase[44] Expenses and Adjustments - Research and development expenses for the year ended December 31, 2024, were $341,289, an increase of 36.7% from $249,387 in 2023[37] - Interest expense for the year ended December 31, 2024, was $63.715 million, compared to $44.909 million in 2023, marking a 42% increase[54] - The company recorded $15.195 million in costs related to the Product Procurement Adjustment for the three months ended December 31, 2024[54] - The amortization of acquired intangible assets for the year ended December 31, 2024, was $15.9 million, with $4.0 million recorded in sales and marketing expenses for the same period[53] Tax and Currency Effects - The effective tax rate approximated 22.0%, impacting the income tax effects of adjustments to net income[53] - Foreign currency gains for the three months ended December 31, 2024, amounted to $25.632 million, compared to losses of $8.300 million in the same period of 2023[54] Strategic Changes - The company has implemented a Product Procurement Adjustment, resulting in a more streamlined cost structure post-separation, enhancing overall profitability[48] - The company transitioned to purchasing 100% of its inventory from its subsidiary SNHK post-separation, eliminating previous markups in consolidation[53]

Core Viewpoint - SharkNinja, Inc. is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the earnings report expected on February 13, 2025 [1][2]. Earnings Expectations - The consensus estimate for SharkNinja's quarterly earnings is $1.26 per share, reflecting a year-over-year increase of +34% [3]. - Revenues are projected to reach $1.61 billion, representing a 17.1% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 3.46%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.73%, suggesting a bullish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - SharkNinja currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, SharkNinja exceeded the expected earnings of $1.14 per share by delivering $1.21, resulting in a surprise of +6.14% [12]. - The company has successfully beaten consensus EPS estimates in the last four quarters [13]. Industry Comparison - Sally Beauty, another player in the Zacks Retail - Miscellaneous industry, is expected to report earnings of $0.43 per share, with a year-over-year change of +10.3% and revenues of $941.44 million, up 1.1% [17]. - Sally Beauty's consensus EPS estimate has been revised down by 0.7% over the last 30 days, and it currently has an Earnings ESP of 0.00%, making predictions about beating the consensus EPS estimate inconclusive [18].

Company Performance - SharkNinja, Inc. (SN) closed at $111.78, with a slight increase of +0.28% from the previous day's closing price, underperforming the S&P 500 which gained 0.39% [1] - The stock has appreciated by 8.8% over the past month, outperforming the Retail-Wholesale sector's gain of 8.29% and the S&P 500's gain of 1.7% [1] Upcoming Earnings - The company's earnings report is scheduled for February 13, 2025, with an expected EPS of $1.26, reflecting a growth of 34.04% compared to the same quarter last year [2] - Revenue is projected to reach $1.61 billion, indicating a year-over-year increase of 16.64% [2] Analyst Projections - Recent shifts in analyst projections for SharkNinja, Inc. should be monitored, as they often indicate short-term business trends and analyst sentiment regarding the company's profitability [3] Valuation Metrics - SharkNinja, Inc. has a Forward P/E ratio of 23.16, which is higher than the industry average of 16.61 [6] - The company also has a PEG ratio of 1.49, aligning with the average PEG ratio for the Retail - Miscellaneous industry [7] Industry Ranking - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 29, placing it in the top 12% of over 250 industries [8]

Core Insights - Smith+Nephew announces the inaugural Smith+Nephew UFC Combat Sports Medicine Course scheduled for February 20-21, 2025, in Las Vegas, Nevada, aimed at addressing combat sports injuries [1][4] - The course will feature discussions led by renowned medical experts and will be livestreamed for online attendees, enhancing accessibility [2][4] - The popularity of combat sports is on the rise, with participation in Martial Arts in the U.S. increasing by 31% from 2010 to 2023, reaching 6.6 million participants [3] Company Overview - Smith+Nephew is a global medical technology company focused on the repair, regeneration, and replacement of soft and hard tissue, with annual sales of $5.5 billion in 2023 [6][7] - The company operates in over 100 countries and employs approximately 18,000 individuals dedicated to improving patient outcomes through innovative technologies [6][7] - Smith+Nephew was named the Preferred Sports Medicine Technology Partner of UFC in March 2024, highlighting its commitment to combat sports medicine [4] Industry Context - The combat sports industry is experiencing significant growth, with hundreds of millions of individuals participating in various disciplines such as Mixed Martial Arts, Boxing, and Judo [3] - The UFC, as the premier mixed martial arts organization, boasts over 700 million fans and broadcasts to more than 975 million TV households globally [8]

Company Performance - SharkNinja, Inc. (SN) closed at $113.72, reflecting a +1.74% increase from the previous day, outperforming the S&P 500's gain of 0.53% [1] - Over the past month, SharkNinja's shares have increased by 14.81%, significantly surpassing the Retail-Wholesale sector's gain of 5.57% and the S&P 500's gain of 1.24% [1] Upcoming Earnings - The company's projected earnings per share (EPS) for the upcoming earnings disclosure is $1.25, indicating a 32.98% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $1.61 billion, which represents a 16.64% increase from the year-ago period [2] Analyst Estimates - Recent changes to analyst estimates for SharkNinja reflect evolving short-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks SharkNinja at 2 (Buy), suggesting favorable stock performance potential [5] Valuation Metrics - SharkNinja is trading at a Forward P/E ratio of 23.18, which is a premium compared to the industry's average Forward P/E of 12.36 [6] - The company has a PEG ratio of 1.49, compared to the Retail - Miscellaneous industry's average PEG ratio of 1.4 [6] Industry Context - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 21, placing it in the top 9% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]