SharkNinja (SN) Tops Q2 EPS by 15c

SharkNinja (NYSE: SN) reported Q2 EPS of $0.71, $0.15 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $977.87 million.

GUIDANCE:

SharkNinja sees FY2024 EPS of $4.05-$4.21, versus the consensus of $3.87.

• Net sales to increase 20% to 22% compared to the prior expectation of 10% to 12%.
• Adjusted Net Sales to increase between 22% and 24% compared to the prior expectation of 12% to 14%.
• Adjusted Net Income per diluted share between $4.05 and $4.21, reflecting a 26% to 31% increase, compared to the prior expectation of between $3.66 and $3.82, reflecting a 14% to 19% increase.
• Adjusted EBITDA between $910 million and $940 million, reflecting a 26% to 31% increase, compared to the prior expectation of between $840 million and $870 million, reflecting a 17% to 21% 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.

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