SharkNinja, Inc. Stock Price, News & Analysis

SharkNinja, Inc. (NYSE: SN) introduces two new Air Styling systems: Shark FlexFusion and Shark FlexFusion Straight. These innovative multi-stylers are designed for wet or dry hair styling, combining powerful air and heated ceramic technology. Key features include:

- FlexFusion Styling Technology for heat damage-free wet to dry styling
- Wet-or-Dry Fusion Brush and Air Straightener
- Scalp Shield Mode for safe drying
- Temperature regulation to prevent heat damage
- Unique teardrop shape for better root access and end-to-end smoothing

The systems come with various accessories for professional-level styling at home. Shark FlexFusion ($349.99) and Shark FlexFusion + Straight ($399.99) will be available starting October 1 on SharkBeauty.com, and at other retailers later in the month.

Horizon Sports & Experiences (HS&E) has announced Shark Beauty™ as the title sponsor for the inaugural Shark Beauty™ Women's Champions Classic, a primetime women's college basketball showcase. The event, scheduled for December 7 at Barclays Center in Brooklyn, will feature the University of Connecticut, University of Iowa, University of Louisville, and University of Tennessee in a doubleheader broadcast on FOX.

This collaboration between HS&E and FOX Sports marks a significant step in elevating women's college basketball. Shark Beauty™ will receive broadcast and digital integrations, sponsorship elements, hospitality, fan engagement activation, and in-arena signage as part of its multiyear partnership. The event aims to provide a national spotlight for women's basketball and introduce Shark Beauty to a wide audience of passionate fans.

SharkNinja (NYSE: SN) has launched the Ninja CRISPi™ Portable Cooking System, revolutionizing the air fryer category. This innovative appliance combines a handheld 1500-watt air fryer Power Pod with clear glass containers, allowing users to prep, cook, serve, store, and re-crisp food in one device. The system features:

- Four cooking modes: max crisp, bake, air fry, and re-crisp
- 4-quart and 6-cup container options
- Temperature adjustment based on container size
- Leakproof, BPA-free lids
- PFAS-free glass cooking surface
- Capacity to cook meals for up to six people

Priced at $159.99, the Ninja CRISPi™ is now available on NinjaKitchen.com and will be in major U.S. retailers later this fall.

SharkNinja (NYSE: SN) partners with SNL star Chloe Fineman to promote its new Ninja Luxe™ Café, an all-in-one espresso, drip coffee, and cold brew maker. The company hosted a 'House of Vibes' event in New York City, featuring Fineman and personalized coffee experiences. Fineman stars in a social series showcasing the machine's versatility through various characters and trends.

The Ninja Luxe™ Café, priced at $499.99, offers Barista Assist Technology™ for guided brewing, including grind size recommendations, weight-based dosing, and active brew adjustments. It features a unique Dual Froth System for perfectly textured microfoam with any milk type. The machine is available on NinjaKitchen.com and major retailers like Amazon and Best Buy.

SharkNinja (NYSE: SN) has unveiled two groundbreaking vacuum cleaners at IFA 2024: the Shark® PowerDetect™ Clean & Empty Cordless Vacuum and the Shark® PowerDetect™ NeverTouch Pro 2-in-1 Robot Vacuum and Mop. These products feature innovative PowerDetect™ technology that detects dirt, edges, floor types, and corners to enhance cleaning capabilities.

The NeverTouch Pro robot vacuum boasts NeverMiss™, NeverStuck™, and NeverTouch™ technologies, offering up to a month of hands-free cleaning. The Clean & Empty Cordless Vacuum provides powerful suction with up to 70 minutes of runtime and an Auto-Empty Dock. Both products are available in the U.S., with the robot vacuum priced at $749.99 and the cordless vacuum at $449.99.

SharkNinja (NYSE: SN), a global product design and technology company, has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference in New York City. The company will host a fireside chat scheduled for Wednesday, September 4, 2024, at 1:10 p.m. Eastern Time.

Investors and interested parties can access the live webcast and replay of the fireside chat through the Investor Relations section of SharkNinja's website at ir.sharkninja.com. This event provides an opportunity for SharkNinja to engage with investors and showcase its position in the global retail market.

SharkNinja (NYSE: SN) reported an impressive Q2 2024 with a 31.4% increase in net sales to $1,248.7 million. Key drivers included double-digit growth across product categories and geographic markets. The company saw a 470.1% rise in net income to $68 million, reflecting a solid gross margin increase by 630 basis points.

Adjusted Net Sales grew by 37.9% and Adjusted Net Income rose by 52.9% to $99.6 million. Adjusted EBITDA also increased by 47.6% to $167.7 million. Notably, food preparation appliances saw an 84.8% net sales rise, and the 'Other' category surged by 176.2%.

Expenses also saw hikes, with R&D up 47.6%, and sales and marketing expenses increasing by 45.5%. Looking forward, SharkNinja raised its fiscal year 2024 outlook, expecting net sales growth between 20% and 22% and Adjusted Net Income per diluted share between $4.05 and $4.21.

SharkNinja® (NYSE: SN) has launched the Ninja Luxe™ Café, a revolutionary 3-in-1 espresso, drip coffee, and cold brew maker. This innovative machine features Barista Assist Technology™ and a Dual Froth System, eliminating the guesswork associated with semi-automatic espresso machines. The Ninja Luxe™ Café offers:

• Customized grind size recommendations
• Weight-based dosing
• Active brew adjustments for temperature and pressure
• Hands-free frothing for hot or cold microfoam
• Four preset froth programs

Priced at $499.99, the Ninja Luxe™ Café is now available on NinjaKitchen.com and at Best Buy, with wider retail availability coming soon. This launch represents SharkNinja's commitment to providing exceptional performance and versatility at an accessible price point for coffee enthusiasts.

SharkNinja (NYSE: SN) has announced the release date for its second quarter 2024 financial results. The company will unveil its earnings on Thursday, August 8, 2024, before the market opens. Following the release, SharkNinja will host a live earnings conference call and webcast at 8:30 a.m. Eastern Time on the same day.

Investors and interested parties can access the webcast through the Investor Relations section of SharkNinja's website at ir.sharkninja.com. For those preferring to participate in the live call, dial-in options are available at 1-646-968-2525 or 1-888-596-4144, using the confirmation code 2950425. The webcast will also be archived for future replay.