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NEEDHAM, Mass. - On Thursday, SharkNinja, Inc. (NYSE: SN) saw its shares jump 3.03% after the home appliance maker reported fourth-quarter earnings and revenue that handily beat analyst expectations, while also providing an upbeat outlook for fiscal 2025.
The company posted adjusted earnings per share of $1.40 for Q4, surpassing the consensus estimate of $0.97 by 44%. Revenue came in at $1.79 billion, significantly above analysts’ projections of $1.39 billion and up 29.7% YoY.
"SharkNinja delivered exceptional performance throughout 2024, capping off our strongest year to date with outstanding fourth quarter results," said CEO Mark Barrocas.
For fiscal 2025, SharkNinja expects adjusted EPS between $4.80 and $4.90, compared to the $4.87 consensus. The company also forecasts net sales growth of 10% to 12% YoY.
The strong results were driven by growth across all product categories, led by Food Preparation Appliances which saw sales surge nearly 90% in Q4. Gross margin expanded 180 basis points to 47% as the company optimized its supply chain and sourcing strategy.
"Our proven three-pillar growth strategy continues to drive market share gains across our expanding product portfolio, fuel category expansion, and accelerate our global presence," Barrocas added.
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