SharkNinja, Inc.


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SharkNinja, Inc.: Initiation of Coverage – A Story Of Expansion Into New Markets & Categories!


This is our our first report on household appliances distributor, SharkNinja. The company’s Q4 2023 Earnings revealed that it had a robust fourth quarter, with nearly 20% growth in adjusted net sales and more than 70% growth in adjusted EBITDA. The CEO, Mark Barrocas, attributed this to the company’s growth strategy, innovation and the support from both consumers and retail partners. The company’s full year sales grew by over 15% nearing to $4.2 billion and with an adjusted EBITDA increase by nearly 39% reaching $720 million. The company’s gross margin rate is also seen as a competitive advantage, which adds to the company’s position as one of the most profitable companies in the industry.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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