SharkNinja(SN)

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SharkNinja(SN) - 2024 Q1 - Quarterly Report
2024-05-09 11:04
Exhibit 99.1 SHARKNINJA, INC. INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | | Page | | --- | --- | | Condensed Consolidated Balance Sheets (Unaudited) | 2 | | Condensed Consolidated Statements of Income (Unaudited) | 3 | | Condensed Consolidated Statements of Comprehensive Income (Unaudited) | 4 | | Condensed Consolidated Statements of Shareholders' Equity (Unaudited) | 5 | | Condensed Consolidated Statements of Cash Flows (Unaudited) | 6 | | Notes to Condensed Consolidated Financial Statements (Un ...
Can SharkNinja, Inc. (SN) Keep the Earnings Surprise Streak Alive?
Zacks Investment Research· 2024-05-06 17:11
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 ...
SharkNinja: Setting New Standards In Consumer Experience
Seeking Alpha· 2024-04-29 23:23
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 ...
SharkNinja Announces Launch of Secondary Offering of Ordinary Shares
Businesswire· 2024-03-18 10:20
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 ...
SharkNinja(SN) - 2023 Q4 - Annual Report
2024-02-29 16:00
For the fiscal year ended December 31, 2023 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR ...
SharkNinja: At A Fair Valuation And Gaining Market Share In A Growing Industry
Seeking Alpha· 2024-02-26 16:47
Svetlana Evgrafova SharkNinja, Inc. (NYSE:SN) is a household appliance company that operates through its two brands, Shark and Ninja. The Shark brand encompasses home products (hair care products, vacuums, floor and carpet cleaners, air purifiers, and fans) and the Ninja brand encompasses the company's kitchen, food, and drink products. While these are relatively mature brands with many market-leading products, SharkNinja has a long runway for growth due to its focus on new product development and product i ...
SharkNinja, Inc. (SN) Upgraded to Strong Buy: Here's Why
Zacks Investment Research· 2024-02-21 18:01
SharkNinja, Inc. (SN) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...
SharkNinja(SN) - 2023 Q4 - Earnings Call Transcript
2024-02-16 04:19
Financial Data and Key Metrics Changes - Adjusted net sales increased nearly 20% in Q4 2023, with adjusted EBITDA up more than 70% [36] - Full year adjusted net sales grew by more than 15% to nearly $4.2 billion, and adjusted EBITDA increased by nearly 39% to $720 million [38][55] - Adjusted gross margins improved nearly 700 basis points year-over-year to 46.9%, exceeding the long-term goal of 45% [38][90] Business Line Data and Key Metrics Changes - Adjusted net sales in the cooking and beverage category increased 33% to $503 million, driven by strength in outdoor grills and ovens [50] - The cleaning category saw adjusted net sales decrease just under 3% to $542 million, while the beauty and home environment category grew nearly triple to $153 million [67][68] - The food preparation category's adjusted net sales increased 14% to $181 million, driven by strong performance in ice cream makers and compact blenders [51] Market Data and Key Metrics Changes - Adjusted net sales in international markets reached $404 million, up 62%, with the UK growing nearly 38% [66] - North America net sales were up 8% to $973 million, representing 71% of the sales mix [66] - The UK market, as the largest international market, showed significant growth, while newer markets like Germany and France experienced impressive triple-digit growth [41][46] Company Strategy and Development Direction - The company is focused on a three-pillar growth strategy: entering new categories, growing share in existing categories, and international expansion [27][47] - New product launches in outdoor cooking and beauty are seen as critical growth drivers, with significant investments in R&D to support innovation [8][24] - The company aims to expand its outdoor portfolio, leveraging consumer trends towards outdoor activities [60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the retail environment, noting good ordering patterns and clean inventories exiting Q4 [3][26] - The company anticipates a flat overall market in the first half of 2024, with potential growth in the second half [88] - Management emphasized the importance of local consumer insights and adapting strategies for different markets [82][99] Other Important Information - The company has diversified its supply chain outside of China, with nearly two-thirds of U.S. sales volume now produced outside China [74][91] - The company expects adjusted net sales to increase between 7% and 9% in 2024, with adjusted EBITDA projected to grow by 11% to 15% [76] Q&A Session Summary Question: Can you elaborate on the capabilities built with R&D investment? - Management highlighted the growth of the R&D team to over 800 engineers with diverse skill sets, contributing to product innovation [84] Question: What does the guidance entail regarding category thoughts and gross margin? - Management indicated expectations of continued gross margin expansion in the first half of 2024, with specific category growth rates provided [100][101] Question: What insights have been gained from the UK market for expansion in Germany and France? - Management noted the importance of local consumer insights and the success of cross-country retail strategies [82][99] Question: How is the company planning for new distribution entries in the U.S.? - Management discussed the strategy of leveraging existing retailer relationships and expanding into new retail channels for product launches [110] Question: What are the expectations for growth by quarter in 2024? - Management indicated a strong start to Q1 2024, with expectations of shaping growth throughout the year based on prior performance [114][116]
SharkNinja(SN) - 2023 Q4 - Annual Report
2024-02-14 16:00
SharkNinja Reports Fourth Quarter and Full Year 2023 Results Provides Fiscal Year 2024 Outlook NEEDHAM, Massachusetts, February 15, 2024 – 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, 2023. Highlights for the Fourth Quarter 2023 as compared to the Fourth Quarter 2022 Highlights for the Year Ended 2023 as compared to the Year Ended 2022 Mark Barrocas, Chief ...
SharkNinja Unveils New Product Innovation and Category Expansions at its First EMEA Product Forum
Businesswire· 2024-02-01 13:30
SharkNinja launches the Ninja® DoubleStack™ XL, the industry's first vertical two-basket air fryer that provides double the performance with 40% less countertop footprint. (Photo: Business Wire)SharkNinja launches the Shark FlexBreeze™, a unique cooling solution built for outdoor and indoor use. Two-in-one cooling tool, which transforms from a pedestal to a tabletop fan at the touch of a button. Delivers breeze from 70 feet away, provides 20 hours of battery runtime on a single battery charge, and reduces t ...