DUBAI, UAE, June 27, 2024 /PRNewswire/ -- Al Khayyat Investments (AKI) has been appointed as the exclusive distribution partner in the UAE for SharkNinja, Inc. (NYSE: SN) - a global product design and technology company – in a move that provides more consumers with access to the products that they love. SharkNinja products will now be available locally for the first time in the Middle East beginning in the UAE. "This is an incredibly exciting partnership for both SharkNinja and AKI. We have a proud legacy o ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? SharkNinja, Inc. currently has an average brokerage recommendation (ABR) of 1.22, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerag ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on SharkNinja, Inc. (SN), and suggests that while the average brokerage recommendation (ABR) indicates a strong buy, investors should be cautious and validate this information with other tools like the Zacks Rank [1][4][7]. Group 1: Brokerage Recommendations - SharkNinja, Inc. has an average brokerage recommendation (ABR) of 1.22, which is between Strong Buy and Buy, based on recommendations from nine brokerage firms [2]. - Out of the nine recommendations, eight are Strong Buy, accounting for 88.9% of all recommendations [2]. - The vested interest of brokerage firms often leads to a positive bias in their analysts' ratings, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" [5][6]. Group 2: Zacks Rank Comparison - The Zacks Rank is a proprietary stock rating tool that categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance [7][10]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are crucial for predicting future price movements [12]. - The Zacks Consensus Estimate for SharkNinja, Inc. has increased by 7.8% over the past month to $3.82, indicating growing optimism among analysts regarding the company's earnings prospects [13]. Group 3: Investment Implications - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for SharkNinja, Inc., suggesting a potential for stock price appreciation [14]. - The Buy-equivalent ABR for SharkNinja, Inc. may serve as a useful guide for investors, but it is recommended to use it in conjunction with the Zacks Rank for better investment decisions [14].

SharkNinja, Inc. (SN) has been red-hot since being listed on the NYSE in August 2023. This Zacks Rank #1 (Strong Buy) is expected to grow sales and earnings by the double digits in 2024. SharkNinja is a global product design and technology company. It operates two brands, Shark and Ninja. It has a history of bringing small home appliances to the market. You know its products and probably use them. SharkNinja Has 4500+ patents and operates 5 innovation centers. Headquartered in Needham, Massachusetts, produc ...

SharkNinja, Inc. (SN) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...

Financial Data and Key Metrics - Adjusted net sales increased 28% to $1 1 billion in Q1 2024 [40] - Adjusted EBITDA grew 30% to $231 million with margins improving 30 basis points [40] - Adjusted gross profit increased 33% to $542 million with margins expanding 210 basis points [43] - Adjusted EPS grew 23% to $1 06 per share [45] - Inventory increased 47% YoY to $750 million driven by strong demand and supply chain mitigation efforts [77] Business Line Performance - Cleaning category sales grew 6% to $422 million driven by carpet extraction and robotic vacuums [41] - Food Preparation category sales surged 77% to $205 million led by CREAMi ice cream makers [42] - Cooking and Beverage category sales increased 29% to $330 million with strong outdoor cooking performance [21] - Other category sales jumped 66% to $110 million powered by haircare and FlexBreeze cooling system [22] Market Performance - North America sales grew 22% to $734 million representing 69% of total sales [20] - International sales increased 42% to $332 million with triple-digit growth in Germany France and LatAm [20] - UK sales grew 15% on top of 73% growth in Q1 2023 [16] - EMEA and LatAm markets showing strong momentum with expanded retail partnerships [35] Strategy and Competition - Three-pillar growth strategy focuses on new categories existing category share gains and international expansion [31][57][58] - Entered 18 new subcategories since 2021 expanding to 33 total subcategories [31] - Ninja FrostVault and Shark FlexBreeze launched in $2 billion addressable markets [33] - Air fryer category leadership maintained through continuous innovation [34] - Global addressable market estimated at $120 billion with less than 4% penetration [18] Management Commentary - Strong Q1 performance driven by balanced growth across all three pillars [54] - International business expected to outpace domestic growth in coming years [58] - Supply chain remains robust with improved visibility on shipping rates [36] - Tariff mitigation efforts on track to diversify production outside China by 2025 [37] - 2024 guidance raised with adjusted sales growth expected at 12-14% [79] Other Key Information - R&D expenses increased 19% to $70 million supporting new product development [23] - Sales and marketing expenses grew 41% to $215 million for brand building [44] - New CFO Patraic Reagan brings extensive global experience from Nike and other major brands [8][51] - Inventory build reflects strong demand supply chain mitigation and tariff preparations [77][78] Q&A Summary Randy Konik - Jefferies - Asked about additional category expansion opportunities beyond current success in beauty [69] - Management highlighted outdoor cooking and cooling as key growth areas with potential for new categories annually [70][71] Andrea Teixeira - JPMorgan - Inquired about inventory dynamics and guidance phasing [92] - Company explained Q1 inventory build was strategic to support demand and mitigate supply chain risks [93][95] Brooke Roach - Goldman Sachs - Questioned inventory growth outlook and promotional environment in North America [96] - Management noted industry challenges but emphasized SharkNinja's differentiated position through innovation and marketing [97][98] Steven Forbes - Guggenheim - Asked to unpack Q1 US segment outperformance [102] - Company attributed growth to strong base business new product impact retail expansion and inventory replenishment [125][126] Phillip Blee - William Blair - Inquired about international category expansion plans [128] - Management highlighted UK diversification and significant runway in less mature markets like Germany France and LatAm [129][130] Brian McNamara - Canaccord Genuity - Asked about IPO philosophy and expectations management [110] - Company emphasized consistent execution of long-term growth strategy [135] Rennie Pan - UBS - Questioned Cleaning category outlook and gross margin sustainability [136][154] - Management expressed confidence in category acceleration and discussed balancing innovation with value [113][155] Megan Alexander - Morgan Stanley - Sought clarification on restocking dynamics and weeks of supply [140] - Company explained US-specific inventory trends and guidance approach [141][142]

Condensed Consolidated Financial Statements [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, total assets slightly decreased to $3.41 billion, while total liabilities reduced to $1.84 billion, leading to an increase in shareholders' equity to $1.57 billion Condensed Consolidated Balance Sheet (As of March 31, 2024 vs. December 31, 2023) | Account | March 31, 2024 ($ in thousands) | December 31, 2023 ($ in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | 1,723,833 | 1,897,284 | | Cash and cash equivalents | 131,894 | 154,061 | | Accounts receivable, net | 780,557 | 985,172 | | Inventories | 750,032 | 699,740 | | **Total Assets** | **3,409,703** | **3,487,070** | | **Total Current Liabilities** | 895,819 | 1,125,132 | | Accounts payable | 409,371 | 459,651 | | Accrued expenses and other current liabilities | 412,141 | 620,333 | | **Total Liabilities** | **1,836,133** | **2,008,177** | | **Total Shareholders' Equity** | **1,573,570** | **1,478,893** | [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) For Q1 2024, net sales grew 24.7% to $1.07 billion, driving a 25.9% increase in net income to $109.6 million and diluted EPS of $0.78 Q1 2024 vs. Q1 2023 Performance | Metric | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Net Sales | 1,066,228 | 855,282 | +24.7% | | Gross Profit | 526,617 | 400,543 | +31.5% | | Operating Income | 154,942 | 122,630 | +26.3% | | Net Income | 109,612 | 87,096 | +25.9% | Net Income Per Share | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net income per share, basic | $0.79 | $0.63 | | Net income per share, diluted | $0.78 | $0.63 | [Condensed Consolidated Statements of Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income for Q1 2024 increased to $108.1 million, primarily driven by net income, despite a slight offset from foreign currency translation adjustments Comprehensive Income Breakdown (Q1 2024 vs. Q1 2023) | Item | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | | :--- | :--- | :--- | | Net Income | 109,612 | 87,096 | | Foreign currency translation adjustments | (3,374) | 5,257 | | Unrealized gain (loss) on derivative instruments, net | 1,870 | (2,352) | | **Comprehensive Income** | **108,108** | **90,001** | [Condensed Consolidated Statements of Shareholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders'%20Equity) Shareholders' equity increased to $1.57 billion by March 31, 2024, primarily due to net income and share-based compensation, contrasting with a distribution to the Former Parent in Q1 2023 - For the three months ended March 31, 2024, total shareholders' equity increased by **$94.7 million**, driven by net income of **$109.6 million**[13](index=13&type=chunk) - For the three months ended March 31, 2023, equity changes included a distribution of **$60.3 million** paid to the Former Parent[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased to $43.9 million in Q1 2024, primarily due to working capital changes, leading to a $22.2 million reduction in cash and cash equivalents Cash Flow Summary (Q1 2024 vs. Q1 2023) | Cash Flow Activity | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | 43,882 | 89,762 | | Net cash used in investing activities | (26,886) | (7,799) | | Net cash used in financing activities | (37,920) | (98,631) | | **Net decrease in cash** | **(22,167)** | **(11,319)** | - The decrease in operating cash flow was largely driven by a **$207.2 million** use of cash from accrued expenses and other liabilities, compared to a **$75.2 million** use in the prior year period[18](index=18&type=chunk) - Financing activities in Q1 2023 included a **$60.3 million** distribution to the Former Parent, which did not recur in Q1 2024[18](index=18&type=chunk) Notes to Condensed Consolidated Financial Statements [Note 1: Organization and Description of Business](index=10&type=section&id=1.%20Organization%20and%20Description%20of%20Business) SharkNinja, Inc. is a global product design and technology company, separated from JS Global in July 2023, listing on the NYSE under its 'Shark' and 'Ninja' brands - The company designs and sells products in categories including Cleaning Appliances, Cooking and Beverage Appliances, and Food Preparation Appliances under the **'Shark'** and **'Ninja'** brands[21](index=21&type=chunk) - The company separated from its Former Parent, JS Global, and began trading on the NYSE on **July 31, 2023**[24](index=24&type=chunk) [Note 2: Summary of Significant Accounting Policies](index=10&type=section&id=2.%20Summary%20of%20Significant%20Accounting%20Policies) This note details the company's U.S. GAAP financial statement preparation, key accounting policies, and significant risks such as customer concentration and warranty accruals [Basis of Presentation](index=10&type=section&id=2.1%20Basis%20of%20Presentation) The unaudited condensed consolidated financial statements are prepared under U.S. GAAP, with no significant changes to accounting policies in Q1 2024 - The financial statements are prepared in accordance with **U.S. GAAP** and include the accounts of SharkNinja, Inc. and its wholly owned subsidiaries[27](index=27&type=chunk) - No significant changes were made to the significant accounting policies during the three months ended March 31, 2024[31](index=31&type=chunk) [Concentration of Credit Risks](index=11&type=section&id=2.2%20Concentration%20of%20Credit%20Risks) The company faces significant customer concentration, with three key customers accounting for substantial portions of both net sales and accounts receivable in Q1 2024 Customer Concentration of Net Sales | Customer | Q1 2024 (%) | Q1 2023 (%) | | :--- | :--- | :--- | | Customer A | 18.0 | 15.2 | | Customer B | 11.7 | 11.6 | | Customer C | 14.6 | 15.3 | Customer Concentration of Accounts Receivable, Net | Customer | March 31, 2024 (%) | Dec 31, 2023 (%) | | :--- | :--- | :--- | | Customer A | 16.3 | 22.4 | | Customer B | 18.1 | 16.7 | | Customer C | 10.7 | * | [Disaggregation of Net Sales](index=13&type=section&id=2.3%20Disaggregation%20of%20Net%20Sales) In Q1 2024, Domestic sales comprised 68.9% of net sales, with Shark and Ninja brands nearly evenly split, and Cleaning Appliances as the largest product category Net Sales by Region (Q1 2024) | Region | Net Sales ($ in thousands) | % of Total | | :--- | :--- | :--- | | Domestic | 734,219 | 68.9% | | International | 332,009 | 31.1% | Net Sales by Brand (Q1 2024) | Brand | Net Sales ($ in thousands) | % of Total | | :--- | :--- | :--- | | Shark | 531,549 | 49.9% | | Ninja | 534,679 | 50.1% | Net Sales by Product Category (Q1 2024) | Category | Net Sales ($ in thousands) | % of Total | | :--- | :--- | :--- | | Cleaning Appliances | 421,920 | 39.6% | | Cooking and Beverage Appliances | 329,642 | 30.9% | | Food Preparation Appliances | 205,036 | 19.2% | | Other | 109,630 | 10.3% | [Warranty Costs](index=13&type=section&id=2.4%20Warranty%20Costs) The company accrues estimated warranty costs upon sales recognition, with the ending warranty liability balance at $25.4 million as of March 31, 2024 Product Warranty Liability Rollforward | Activity | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | | :--- | :--- | :--- | | Beginning balance | 28,090 | 20,958 | | Accruals for warranties issued | 7,266 | 6,071 | | Settlements made | (9,086) | (6,954) | | **Ending balance** | **25,428** | **20,075** | [Note 3: Condensed Consolidated Balance Sheet Components](index=16&type=section&id=3.%20Condensed%20Consolidated%20Balance%20Sheet%20Components) This note details key balance sheet components, highlighting 'Molds and tooling' as the largest property and equipment item and 'Accrued customer incentives' as the largest accrued expense Property and Equipment, Net (As of March 31, 2024) | Category | Gross Amount ($ in thousands) | | :--- | :--- | | Molds and tooling | 297,498 | | Computer and software | 101,374 | | Displays | 92,625 | | **Total property and equipment, net** | **168,418** | Accrued Expenses and Other Current Liabilities (As of March 31, 2024) | Category | Amount ($ in thousands) | | :--- | :--- | | Accrued customer incentives | 147,831 | | Accrued expenses | 74,132 | | Accrued compensation and benefits | 38,474 | | **Total accrued expenses and other current liabilities** | **412,141** | [Note 4: Fair Value Measurements](index=17&type=section&id=4.%20Fair%20Value%20Measurements) The company's fair value measurements as of March 31, 2024, include $1.9 million in Level 1 money market funds and $0.4 million in Level 2 derivative forward contracts - Financial assets measured at fair value consist of **$1.9 million** in money market funds (Level 1)[54](index=54&type=chunk) - Financial liabilities measured at fair value consist of **$370,000** in forward contracts (Level 2), down from **$3.37 million** at year-end 2023[54](index=54&type=chunk)[55](index=55&type=chunk) [Note 5: Derivative Financial Instruments and Hedging](index=18&type=section&id=5.%20Derivative%20Financial%20Instruments%20and%20Hedging) SharkNinja utilizes USD-denominated forward contracts for currency hedging, with a notional amount of $279 million as of March 31, 2024, and recorded net gains of $3.0 million in Q1 2024 Notional Amount of Forward Contracts | Date | Notional Amount ($ in thousands) | | :--- | :--- | | March 31, 2024 | 279,000 | | December 31, 2023 | 350,000 | - For Q1 2024, there was a net gain of **$3.0 million** recorded in other comprehensive income related to hedging instruments, and a net loss of **$1.2 million** was reclassified from OCI to earnings[59](index=59&type=chunk) [Note 6: Intangible Assets, Net and Goodwill](index=19&type=section&id=6.%20Intangible%20Assets,%20Net%20and%20Goodwill) As of March 31, 2024, net intangible assets totaled $474.5 million, including $385.0 million in non-amortized trade names, alongside $834.0 million in goodwill Intangible Assets, Net (As of March 31, 2024) | Asset Type | Net Carrying Value ($ in thousands) | Amortization Status | | :--- | :--- | :--- | | Customer relationships | 39,745 | Amortizable | | Patents | 33,791 | Amortizable | | Developed technology | 15,964 | Amortizable | | Trade name and trademarks | 384,995 | Indefinite (Not Amortized) | | **Total Intangible Assets, Net** | **474,495** | | - Goodwill remained stable at **$834.0 million** as of March 31, 2024[62](index=62&type=chunk) - Total amortization expense for intangible assets was **$5.9 million** in Q1 2024[61](index=61&type=chunk) [Note 7: Operating Leases](index=21&type=section&id=7.%20Operating%20Leases) Total lease cost increased to $10.2 million in Q1 2024, with $79.0 million in new operating lease right-of-use assets obtained, bringing total future minimum lease payments to $189.9 million - The company obtained **$79.0 million** in new operating lease right-of-use assets during Q1 2024, a substantial increase from **$1.6 million** in Q1 2023[65](index=65&type=chunk) Lease Metrics | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Total Lease Cost ($ in thousands) | 10,170 | 7,783 | | Weighted-average remaining lease term (years) | 7.2 | 6.2 | | Weighted-average discount rate | 6.2% | 4.4% | [Note 8: Debt](index=23&type=section&id=8.%20Debt) The company's debt includes an $810.0 million term loan and a $500.0 million revolving credit facility, with $799.9 million outstanding on the term loan and $490.2 million available on the undrawn revolving facility as of March 31, 2024 - The company has a 2023 Credit Agreement providing for an **$810.0 million** term loan and a **$500.0 million** revolving credit facility, maturing in **July 2028**[66](index=66&type=chunk) Long-Term Debt Summary (As of March 31, 2024) | Component | Amount ($ in thousands) | | :--- | :--- | | 2023 Term Loans (Principal) | 799,875 | | Less: deferred financing costs | (5,009) | | Less: current portion | (29,219) | | **Long-term debt, net of current portion** | **765,647** | - As of March 31, 2024, no amounts were outstanding on the revolving facility, and **$490.2 million** was available for borrowing[67](index=67&type=chunk) [Note 9: Commitments and Contingencies](index=26&type=section&id=9.%20Commitments%20and%20Contingencies) As of March 31, 2024, the company reports no material long-term non-cancelable purchase obligations or legal proceedings expected to have a material adverse effect - Outstanding non-cancelable purchase obligations with a term of 12 months or longer were **immaterial** as of March 31, 2024[71](index=71&type=chunk) - The company is not presently a party to any litigation expected to have a **material adverse effect** on its business[73](index=73&type=chunk) [Note 10: Shareholders' Equity and Equity Incentive Plan](index=26&type=section&id=10.%20Shareholders'%20Equity%20and%20Equity%20Incentive%20Plan) The company's equity incentive plan resulted in $19.4 million in share-based compensation expense for Q1 2024, with $54.3 million in unrecognized RSU costs remaining RSU Activity (Q1 2024) | Activity | Number of Shares | | :--- | :--- | | Unvested as of Dec 31, 2023 | 3,857,986 | | Granted | 45,000 | | Vested | (1,372,022) | | Cancelled/Forfeited | (29,822) | | **Unvested as of Mar 31, 2024** | **2,501,142** | Share-Based Compensation Expense (Q1 2024 vs Q1 2023) | Expense Category | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | | :--- | :--- | :--- | | Research and development | 3,499 | 230 | | Sales and marketing | 2,572 | 101 | | General and administrative | 13,355 | 517 | | **Total** | **19,426** | **848** | - As of March 31, 2024, unrecognized share-based compensation cost related to RSUs was **$54.3 million**, to be recognized over a weighted average of **1.7 years**[79](index=79&type=chunk) [Note 11: Income Taxes](index=29&type=section&id=11.%20Income%20Taxes) The company's effective tax rate increased to 23.6% in Q1 2024, resulting in a $33.9 million provision for income taxes, primarily due to limitations on executive compensation deductibility Income Tax Provision and Effective Tax Rate | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Provision for income taxes ($ in millions) | 33.9 | 24.3 | | Effective Tax Rate (ETR) | 23.6% | 21.8% | - The increase in the ETR was primarily driven by **limitations on deductible executive compensation**[82](index=82&type=chunk) [Note 12: Net Income Per Share](index=29&type=section&id=12.%20Net%20Income%20Per%20Share) For Q1 2024, basic net income per share was $0.79 and diluted net income per share was $0.78, reflecting the dilutive effect of RSUs not present in Q1 2023 Net Income Per Share Calculation | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Income ($ in thousands) | 109,612 | 87,096 | | Weighted-average shares, basic | 139,448,556 | 138,982,872 | | Dilutive effect of RSUs | 1,254,469 | — | | Weighted-average shares, diluted | 140,703,025 | 138,982,872 | | **Net income per share, basic** | **$0.79** | **$0.63** | | **Net income per share, diluted** | **$0.78** | **$0.63** | [Note 13: Related Party Transactions](index=29&type=section&id=13.%20Related%20Party%20Transactions) SharkNinja continues related party transactions with its former parent, JS Global, including $67.7 million in Q1 2024 purchases and $0.9 million in royalty income from brand licensing - Following the separation, the company continues to engage in transactions with its former parent, JS Global, covering **sourcing, brand licensing, and R&D**[85](index=85&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) Key Related Party Transactions (Q1 2024 vs Q1 2023) | Transaction | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | | :--- | :--- | :--- | | Cost of sales - purchases of goods and services, net | 67,696 | 291,199 | | Royalty income | 948 | — | Related Party Balances | Balance Sheet Item | March 31, 2024 ($ in thousands) | Dec 31, 2023 ($ in thousands) | | :--- | :--- | :--- | | Accounts receivable, net | 4,838 | 3,594 | | Accounts payable | 71,193 | 101,538 |

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? SharkNinja, Inc. (SN) , which belongs to the Zacks Furniture industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 12.58%, on average, in the last two quarters.For the most recent quarter, SharkNinja, Inc. Was ...

Dimitrios Kambouris/Getty Images Entertainment Company Presentation Founded in 1994, SharkNinja, Inc. (NYSE:SN) is a global product design and technology company. The firm has one goal: to create 5-star innovative lifestyle products and solutions for consumers around the world. As its name suggests, SN is made of two different brands, namely: Shark & Ninja. SN portfolio is divided into 31 sub-categories. The Shark brand creates products related to hair care, floor care (vacuums, floor & carpet cleaners), ai ...

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced that certain selling shareholders affiliated with Xuning Wang (collectively, the “Selling Shareholders”) have commenced an underwritten public offering of 4,691,899 ordinary shares of SharkNinja pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission (the “SEC”). Additionally, the Selling Shareholders intend to grant the underwriters a 30-da ...