Investment Rating - Buy rating maintained with a target price of $122.25, representing an 18% increase from the previous target price [1][4] - The target price implies a 25x 2025 P/E and a 17% upside from the current price [4][6] Core Views - Expansion logic remains sound with strong fundamentals, driven by successful entry into new product categories such as outdoor fans, portable coolers, and cold beverage machines [2] - Short-term catalysts are lacking, and the stock may continue to fluctuate within the $90-$110 range over the next 2-3 months [3] - Revenue and adjusted net profit for 2024 are expected to grow by 27.5% and 35.2% YoY, respectively [2][4] Financial Performance and Forecasts - 2024E revenue is projected at $5.423 billion, up 27.5% YoY, with adjusted net profit of $607 million, up 35.2% YoY [4][5] - 2025E revenue is forecasted at $6.100 billion, a 12.5% YoY increase, with adjusted net profit of $686 million, up 12.9% YoY [4][5] - 2026E revenue is expected to reach $6.830 billion, growing 12.0% YoY, with adjusted net profit of $783 million, up 14.2% YoY [4][5] Product and Market Expansion - Successful product launches, including the CREAMi ice cream maker, which now contributes high single-digit revenue share after initial slow growth [2] - Plans to expand SKUs for outdoor fans and portable coolers, with further growth expected in Europe [2] - New product categories such as semi-automatic coffee machines and multi-functional beauty devices are expected to drive future growth [2] Valuation and Peer Comparison - Current 2025E P/E of 21.3x, compared to the peer average of 13.8x [8] - SharkNinja's valuation is higher than peers like Whirlpool (9.8x 2025E P/E) and Reynolds Consumer (15.7x 2025E P/E) [8] Financial Ratios and Metrics - 2024E gross margin is expected to improve to 48.2%, up from 44.9% in 2023A [9] - 2024E adjusted net margin is forecasted at 11.2%, with ROE of 22.7% [9] - Free cash flow is projected to grow from $868 million in 2024E to $1.149 billion in 2026E [9]

Core Viewpoint - SharkNinja, Inc. (SN) is experiencing significant selling pressure, with a 15.8% decline in stock price over the past four weeks, but is now positioned for a potential trend reversal due to being in oversold territory and positive earnings expectations from Wall Street analysts [1]. Group 1: Stock Performance and Indicators - The stock has an RSI reading of 28.25, indicating it is in oversold territory, which suggests a potential for a trend reversal as selling pressure may be exhausting [3]. - A strong consensus among sell-side analysts has led to a 0.4% increase in the consensus EPS estimate for SN over the last 30 days, indicating positive sentiment regarding future earnings [3]. Group 2: Analyst Ratings and Market Position - SN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which supports the likelihood of a near-term turnaround [3].

Core Viewpoint - SharkNinja, Inc. (SN) is experiencing significant selling pressure, with a 15.4% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analyst expectations of better-than-previously predicted earnings [1]. Group 1: Stock Performance and Indicators - The stock's Relative Strength Index (RSI) is currently at 26.18, indicating it is oversold and suggesting a potential reversal in trend [3]. - A stock is generally considered oversold when its RSI falls below 30, which can signal entry opportunities for investors looking for rebounds [2]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus earnings per share (EPS) estimate for SN has increased by 0.4%, indicating a positive trend in earnings revisions [3]. - There is strong agreement among sell-side analysts in raising earnings estimates for SN, which typically correlates with price appreciation in the near term [3]. - SN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting its potential for a turnaround [3].

Financial Data and Key Metrics Changes - The company reported adjusted net sales growth of 35% in Q3 2024, with adjusted EBITDA growing by 26% [7][55] - Adjusted gross margins increased by 160 basis points to 49.4%, despite the impact of tariffs [8][63] - GAAP net income for the quarter was $132 million, compared to $19 million in the prior year, while adjusted net income was $170 million or $1.21 per share, reflecting a 27% growth on a per share basis [68] Business Line Data and Key Metrics Changes - Adjusted net sales in the cleaning category grew by 19% to $527 million [58] - The cooking and beverage category saw adjusted net sales increase nearly 22% to $411 million [60] - Food preparation category adjusted net sales surged 75% to $367 million, driven by strong performances from new products [61] - The other category, including beauty products, had adjusted net sales up 79% to $121 million [62] Market Data and Key Metrics Changes - North America net sales grew 26% year-over-year, while international business accelerated with adjusted net sales increasing 62% [12][56] - The U.K. market grew nearly 6% in Q3, following robust growth of 65% in the same quarter last year [42] - Mexico's net sales grew strong double-digits, with plans to shift to a direct model expected to impact sales temporarily [46][57] Company Strategy and Development Direction - The company is focused on a three-pillar growth strategy: entering new categories, gaining share in existing categories, and expanding internationally [12][28] - New product launches include skin care with the Shark CryoGlow and continued innovation in existing categories [14][18] - The company aims to diversify production outside of China to mitigate tariff risks and enhance supply chain resilience [51][71] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand for Q4, despite potential inventory constraints on hit products [108] - The company raised its fiscal year 2024 guidance, expecting adjusted net sales to increase between 27% and 28% [72] - Management acknowledged macroeconomic uncertainties but emphasized a commitment to innovation and execution [49][76] Other Important Information - The company launched 15 new products in Q3, indicating a strong pipeline for future growth [87] - The company is investing significantly in R&D and supply chain diversification to support long-term growth [64][90] Q&A Session Summary Question: Reinvestment priorities and margin expansion - Management highlighted significant investments in R&D and supply chain diversification to support long-term growth, with a focus on setting up for 2025 and beyond [88][90] Question: Channel partnerships and distribution updates - Management reported increased placements in major retailers and emphasized growth in direct-to-consumer channels, with plans for further expansion in beauty and grocery sectors [99][103] Question: Q4 consumption trends and inventory levels - Management noted solid demand in Q4 but acknowledged potential inventory constraints on popular products, with healthy inventory levels overall [108][111]

Shark NINJA INVESTOR PRESENTATION OCTOBER 2024 Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views obee things, future events and its future business, financial condition results of operations and prospects. These statements ane often, but not always, made through the us such as "may, " Should," "could," "predict," "potential, " "believe, "will likely result," "continue, "will, " ...

SharkNinja, Inc. (SN) reported $1.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 33.3%. EPS of $1.21 for the same period compares to $0.95 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.32 billion, representing a surprise of +8.04%. The company delivered an EPS surprise of +6.14%, with the consensus EPS estimate being $1.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Earnings Performance - SharkNinja, Inc reported quarterly earnings of $1 21 per share, beating the Zacks Consensus Estimate of $1 14 per share, representing a 6 14% earnings surprise [1] - Compared to the year-ago quarter, earnings increased from $0 95 per share to $1 21 per share [1] - The company has surpassed consensus EPS estimates in each of the last four quarters [2] Revenue Growth - SharkNinja, Inc posted revenues of $1 43 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 8 04% [2] - Year-over-year revenue growth was significant, increasing from $1 07 billion to $1 43 billion [2] - The company has topped consensus revenue estimates in each of the last four quarters [2] Stock Performance - SharkNinja, Inc shares have gained 116 8% since the beginning of the year, significantly outperforming the S&P 500's gain of 21 9% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the coming quarter is $1 34 on $1 58 billion in revenues [7] - For the current fiscal year, the consensus EPS estimate is $4 24 on $5 22 billion in revenues [7] - The Zacks Rank for SharkNinja, Inc is currently 2 (Buy), indicating expected market outperformance in the near future [6] Industry Context - SharkNinja, Inc belongs to the Zacks Furniture industry, which is currently in the bottom 25% of Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Peer Comparison - Snail, Inc, another company in the Zacks Consumer Discretionary sector, is expected to report quarterly earnings of $0 07 per share, representing a year-over-year change of +158 3% [9] - Snail, Inc's revenues are expected to be $25 million, up 178 4% from the year-ago quarter [9]

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) | 7 | | Notes to Condensed Consolidated Financial Statements (Un ...

SharkNinja, Inc. (SN) is scheduled to report third-quarter 2024 results on Oct. 31, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. This Needham, MA-based company posted solid results in second-quarter 2024 on the back of strong demand across the business and operational excellence. Amid inflationary pressure, its adjusted earnings per share (EPS) surpassed analysts' expectations by 20.3% and increased a whopping 51.1% year over year. Net sales also topped ...

The latest trading session saw SharkNinja, Inc. (SN) ending at $109.32, denoting a +1.42% adjustment from its last day's close. This change outpaced the S&P 500's 0.03% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%. Heading into today, shares of the company had gained 1.69% over the past month, outpacing the Consumer Discretionary sector's gain of 0.88% and the S&P 500's gain of 1.39% in that time. The investment community will be paying close attention to the earni ...