Sharkninja Incorporation

Latest Results (17.12.2024):

Revenue Growth

In the third quarter of 2024, SharkNinja Incorporation reported a significant increase in net sales, which rose by 33.2% to $1,426.6 million compared to the same period in 2023. This growth was driven by strong performance across all major product categories, including Food Preparation Appliances, Cooking and Beverage Appliances, and Cleaning Appliances.

Profit Surge

SharkNinja Incorporation's net income for the third quarter of 2024 saw a remarkable increase of 606.8%, reaching $132.3 million. This substantial rise in profitability highlights the company's successful execution of its growth strategy and operational efficiencies.

Adjusted EBITDA

For the third quarter of 2024, SharkNinja Incorporation reported an adjusted EBITDA increase of 25.7%, amounting to $262.4 million. This represents 18.4% of adjusted net sales, showcasing the company's strong financial performance and ability to generate earnings before interest, taxes, depreciation, and amortization.

Gross Margin Improvement

SharkNinja Incorporation achieved a gross margin increase of 320 basis points in the third quarter of 2024, reaching 48.7% of net sales. This improvement was attributed to optimizations within the supply chain, sourcing strategies, and favorable foreign exchange impacts, despite the challenges posed by tariffs.

Fiscal Year Outlook

Following the strong performance in the third quarter of 2024, SharkNinja Incorporation has raised its fiscal year 2024 outlook on key metrics. The company remains confident in its ability to deliver sustainable long-term profitable growth, driven by its robust innovation pipeline and expanding global market presence.