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]

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 ...

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 ...

Financial Performance - Net sales for the year ended December 31, 2023, increased by $536.3 million, or 14.4%, to $4,253.7 million compared to $3,717.4 million in 2022[384] - Gross profit for 2023 was $1,907.9 million, representing a 35.3% increase from $1,410.2 million in 2022[390] - Net income for 2023 was $167.1 million, down from $232.4 million in 2022[380] - Adjusted Net Sales for 2023 were $4,176.2 million, compared to $3,619.9 million in 2022, reflecting a significant increase[415] - Adjusted Net Income for 2023 was $449.3 million, up 36% from $330.4 million in 2022[423] - Adjusted EBITDA for 2023 reached $719.7 million, a 38% increase compared to $519.6 million in 2022[428] - Adjusted Gross Profit for 2023 was $1,958.6 million, with an Adjusted Gross Margin of 46.9%[417] Operating Expenses - Total operating expenses rose to $1,534.3 million in 2023, a 40.9% increase from $1,088.8 million in 2022[394] - Research and development expenses increased by 15.6% to $249.4 million in 2023, accounting for 5.9% of net sales[394] - Sales and marketing expenses surged by 44.3% to $897.6 million in 2023, representing 21.1% of net sales[394] - General and administrative expenses increased by 54.2% to $387.3 million in 2023, making up 9.1% of net sales[394] - The company incurred $82.3 million in transaction-related costs in 2023, compared to $2.9 million in 2022[420] - Share-based compensation expenses increased significantly to $47.0 million in 2023 from $5.5 million in 2022[423] Interest and Taxation - Interest expense, net, increased to $(44.9) million in 2023 from $(27.0) million in 2022[380] - Provision for income taxes increased by $56.5 million, or 81.2%, for the year ended December 31, 2023, with an effective tax rate of 43.0%[408] - Interest expense, net increased by $17.9 million, or 66.2%, for the year ended December 31, 2023, primarily due to a $25.2 million increase in interest expense on term loans[402] Sales Performance by Category - The Cooking and Beverage Appliances category saw a significant sales increase of 33.7%, reaching $1,441.6 million in 2023[387] Cash Flow and Financing - Cash and cash equivalents as of December 31, 2023, totaled $154.1 million, with an additional $490.2 million available under the 2023 Revolving Facility[431] - The company has $280.6 million in net cash provided by operating activities for the year ended December 31, 2023, an increase from $205.0 million in 2022[439] - Cash used in investing activities for 2023 was $118.1 million, primarily for property and equipment purchases of $122.7 million[445] - Cash used in financing activities for 2023 totaled $234.9 million, including repayment of $442.6 million on the 2020 Term Loans[449] - As of December 31, 2023, the company had $804.9 million in debt outstanding under the 2023 Credit Agreement[437] - The company plans to utilize existing cash and cash equivalents, along with cash generated from operations, to support its core business operations and strategic plans for market expansion[432] - The company may need to seek additional equity or debt financing to fund its activities if current resources are insufficient[432] Intangible Assets - Acquired intangible assets include developed software technology, customer relationships, and trade names, recorded at fair value on acquisition date[462] - Intangible assets are amortized over their estimated useful lives, except for trade names and trademarks which have an indefinite life[462] - The company evaluates intangible assets for impairment indicators based on significant adverse changes in business climate or market conditions[462] - Future cash flow estimates are critical for measuring the recoverability of intangible assets, with potential impairments if estimates change[462] - An asset is considered impaired if its carrying amount exceeds the undiscounted future net cash flows expected to be generated[462]

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) 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 ...

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]