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]

SharkNinja Reports Fourth Quarter and Full Year 2024 Results Provides Fiscal Year 2025 Outlook NEEDHAM, Massachusetts, February 13, 2025 – SharkNinja, Inc. ("SharkNinja" or the "Company") (NYSE: SN), a global product design and technology company, today announced its financial results for the fourth quarter and year ended December 31, 2024. Highlights for the Fourth Quarter 2024 as compared to the Fourth Quarter 2023 Highlights for the Year Ended 2024 as compared to the Year Ended 2023 Mark Barrocas, Chief ...

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]

Company Performance - SharkNinja, Inc. (SN) closed at $110.62, reflecting a -0.77% change from the previous day, underperforming compared to the S&P 500's loss of 0.29% [1] - Over the last month, SharkNinja's shares increased by 13.13%, outperforming the Retail-Wholesale sector's gain of 3.53% and the S&P 500's gain of 2.52% [1] Earnings Expectations - The upcoming earnings report for SharkNinja is anticipated to show an EPS of $1.25, representing a 32.98% increase from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $1.61 billion, which is a 16.64% increase from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for SharkNinja are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] Zacks Rank and Performance - SharkNinja currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate having increased by 0.13% over the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Valuation Metrics - SharkNinja is trading at a Forward P/E ratio of 23.12, which is a premium compared to the industry's average Forward P/E of 14.4 [6] - The company has a PEG ratio of 1.48, slightly above the Retail - Miscellaneous industry's average PEG ratio of 1.38 [6] Industry Context - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 40, placing it in the top 16% 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]