SharkNinja Reports Robust Growth in 2024 Earnings

SharkNinja, Inc. ( (SN) ) has released its Q4 earnings. Here is a breakdown of the information SharkNinja, Inc. presented to its investors.

SharkNinja, Inc. is a global product design and technology company based in Needham, Massachusetts, known for its innovative lifestyle solutions under the Shark and Ninja brands, catering to the home appliance industry worldwide.

SharkNinja has reported impressive results for the fourth quarter and full year of 2024, showcasing robust growth across various financial metrics. The company recorded a significant increase in net sales and net income, alongside improvements in gross and operating margins, driven by strong performance in all product categories.

For the fourth quarter of 2024, SharkNinja achieved a 29.7% rise in net sales, reaching $1,787.2 million, with net income soaring by 161% to $128.7 million. Food Preparation Appliances led the growth with a remarkable 89% increase in sales. The full year results mirrored this success, with net sales up by 30% to $5,528.6 million and net income climbing by 162.6% to $438.7 million, reflecting the company’s effective growth strategy and market expansion.

Looking forward to 2025, SharkNinja remains optimistic about its growth prospects, projecting a 10% to 12% increase in net sales. The company aims to continue scaling its brands globally and enhancing its product offerings to sustain its competitive edge in the market.