SharkNinja, Inc. Stock Price, News & Analysis

SharkNinja (NYSE: SN) reported strong financial results for Q4 and full-year 2024. Q4 net sales increased 29.7% to $1,787.2 million, with net income rising 161% to $128.7 million. Full-year 2024 saw net sales grow 30% to $5,528.6 million, while net income surged 162.6% to $438.7 million.

The company showed growth across all four product categories, with Food Preparation Appliances leading at over 80% growth. Gross margin improved by 320 basis points to 48.1% for the full year. Adjusted EBITDA increased 32.2% to $951.1 million.

For fiscal 2025, SharkNinja projects net sales growth of 10-12%, Adjusted Net Income per share between $4.80-$4.90 (12-15% increase), and Adjusted EBITDA of $1,070-$1,090 million (13-15% increase), factoring in the impact of 10% additional tariffs on Chinese imports announced February 2025.

SharkNinja (NYSE: SN) has launched the Ninja Swirl™ by CREAMi®, a new countertop frozen treat maker that offers both scoop and soft-serve capabilities. The device, priced at $349.99, builds upon the viral success of the original Ninja® CREAMi® from 2023.

The new product features 13 one-touch programs and six soft serve elements, including traditional soft serve, frozen custard, fruit whip, swirled frozen yogurt, and lite ice cream. It incorporates Soft Serve Creamify Technology® for smoother, creamier outputs and includes a specialized CreamiFit™ program for lower-calorie, high-protein options.

The product is currently available on NinjaKitchen.com and will be rolled out to retailers nationwide in Spring, with global launch planned for 2025. The launch addresses the growing trend of at-home ice cream consumption, with over 60% of Americans preferring to enjoy ice cream at home.

SharkNinja (NYSE: SN) has appointed Linus Karlsson as Executive Vice President and Chief Creative Officer, effective March 3. In this newly created role, Karlsson will lead SharkNinja's creative team, focusing on brand storytelling and shaping the company's creative vision while advancing product communication and consumer engagement strategies.

Karlsson brings over 30 years of global experience in creative leadership and brand building, most recently serving as Chief Creative Officer for IKEA. He will work from SharkNinja's global headquarters in Needham, Mass., and the upcoming Creative Design Hub in New York City. During his career, Karlsson has held leadership positions at major creative agencies, including McCann-Erickson, Crispin Porter + Bogusky, and co-founded Mother New York, working with global brands like Mastercard, Nespresso, and Target.

SharkNinja Inc. (NYSE: SN) has launched Shark™ CryoGlow™, its first entry into the skincare category. This FDA-cleared, MedSpa-inspired LED face mask combines iQLED Technology™ with under-eye cooling features. The device offers four treatment modes targeting different skin concerns, including anti-aging, skin clearing, and under-eye revitalization.

The product delivers 5x more energy for fine line reduction and acne treatment compared to leading competitors. Clinical studies demonstrated significant improvements, including 34% more radiant skin after 8 weeks, 20% firmer skin, and 23% reduction in redness. The device features tri-wick LED sequencing and InstaChill Technology™ with three temperature-controlled cooling levels.

Priced at $349.99, Shark™ CryoGlow™ is currently available on Sharkbeauty.com, with wider retail distribution planned for February 2025.

SharkNinja (NYSE: SN) has announced plans to open its first Creative Design Hub in New York City's Flatiron neighborhood in 2025. The company has signed a multi-year lease for over 14,000 square feet at 41 Madison Avenue, featuring views of both the East River and Hudson River.

The hub will include a design prototyping studio, beauty studio for product testing, and dedicated spaces for content creation. SharkNinja plans to create more than 45 roles in its initial phase, with potential for growth. The expansion is supported by up to $920,000 in performance-based Excelsior Jobs Program tax credits from Empire State Development.

The facility aims to foster creativity and innovation while strengthening the company's ability to develop consumer products. Located in Manhattan's Flatiron District, known for its design heritage, the hub will serve as a collaborative workspace to enhance product development and consumer engagement.

SharkNinja (NYSE: SN) has scheduled its fourth quarter and fiscal year 2024 earnings release for Thursday, February 13, 2025, before market open. The company will host a conference call and webcast at 8:30 a.m. Eastern Time on the same day. Investors can access the webcast through the company's Investor Relations website at ir.sharkninja.com. For those preferring to participate via phone, the dial-in numbers are 1-833-470-1428 or 1-404-975-4839 with confirmation code 021127. A replay of the webcast will be available after the event.

SharkNinja (NYSE: SN) has announced its participation in the Morgan Stanley Global Consumer & Retail Conference in New York City. The company will host a fireside chat on Wednesday, December 4, 2024, at 2:15 p.m. Eastern Time. The event will be accessible via live webcast and available for replay through the Investor Relations section of SharkNinja's website at ir.sharkninja.com.

SharkNinja (NYSE: SN) launches its first-ever global holiday campaign 'Ninja the Holidays' featuring David Beckham as brand ambassador. The omnichannel campaign debuts on November 1 in the US, followed by international markets on November 4, showcasing across TV, billboards in major cities, and digital platforms. The campaign demonstrates how Ninja kitchen appliances help consumers prepare holiday meals efficiently, featuring products like the Ninja DoubleStack, Woodfire Outdoor Oven, CREAMi, and Blast Portable Blender.

SharkNinja (NYSE: SN) reported strong Q3 2024 results with net sales increasing 33.2% to $1.43 billion. The company saw significant growth across all product categories, with Food Preparation Appliances leading at 73.5% growth. Net income surged 606.8% to $132.3 million, while Adjusted EBITDA rose 25.7% to $262.4 million. Gross margin improved by 320 basis points to 48.7%. Based on strong performance, SharkNinja raised its fiscal 2024 outlook, now expecting net sales growth of 25-26% and Adjusted EBITDA between $925-945 million.