SharkNinja (NYSE: SN) reported Q3 EPS of $1.21, $0.29 better than the analyst estimate of $0.92. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.13 billion.

Fiscal 2024 Outlook

For fiscal year 2024, SharkNinja is increasing its outlook on key metrics and now expects:

Net sales to increase 25% to 26% compared to the prior expectation of 20% to 22%.
Adjusted Net Sales to increase between 27% and 28% compared to the prior expectation of 22% to 24%.

SharkNinja sees FY2024 EPS of $4.13-$4.24, versus the consensus of $4.25.

Adjusted EBITDA between $925 million and $945 million, reflecting a 29% to 31% increase, compared to the prior expectation of between $910 million and $940 million, reflecting a 26% to 31% increase.
A GAAP effective tax rate of approximately 24% to 25%.
Diluted weighted average shares outstanding of approximately 141 million.
Capital expenditures of $160 million to $180 million primarily to support investments in new product launches, technology, and incremental investments in tooling to support the diversification of our sourcing outside of China.

For earnings history and earnings-related data on SharkNinja (SN) click here.