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SharkNinja shares surge on strong fourth quarter results

Published 13/02/2025, 15:58
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Investing.com -- SharkNinja (NYSE: SN) stock rose 6% following the company’s announcement of fourth quarter results that exceeded analyst expectations. The global product design and technology company reported a significant surge in earnings per share (EPS) and revenue, surpassing consensus estimates.

SharkNinja reported Q4 EPS of $1.40, which was $0.43 higher than the analyst estimate of $0.97. Revenue for the quarter was also robust, reaching $1.79 billion against the consensus estimate of $1.39 billion. The impressive performance represents a 29.7% increase in net sales compared to the same quarter last year, with growth reported across all product categories.

The company’s financial results for the year ended December 31, 2024, also showed remarkable growth. SharkNinja’s net sales saw a 30.0% increase to $5.53 billion, and gross margins improved significantly. Operating income for the year jumped 72.4% to $644.2 million, while net income soared 162.6% to $438.7 million.

Mark Barrocas, Chief Executive Officer of SharkNinja, attributed the company’s exceptional performance to its three-pillar growth strategy, which he said "continues to drive market share gains across our expanding product portfolio, fuel category expansion, and accelerate our global presence."

Looking ahead, SharkNinja provided guidance for fiscal year 2025, forecasting EPS of $4.80-$4.90, which aligns with the consensus of $4.87. The company expects net sales to grow between 10.0% and 12.0% compared to the prior year, with Adjusted Net Income per diluted share expected to increase by 12% to 15%.

Investors have responded positively to SharkNinja’s strong fourth quarter performance and optimistic outlook for the coming year. The company’s focus on innovation and market expansion, coupled with effective supply chain and sourcing strategies, appears to have positioned it well for continued growth and profitability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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