SharkNinja (NYSE: SN), spun off from China’s JS Global in July 2023, has seen its shares more than double in value since going public. The company’s net sales for 2024 were 49% higher than in 2022, with a forecasted additional growth rate of 11% to 13%. SharkNinja generated approximately $5.7 billion in trailing-12-month revenue.
SharkNinja is actively expanding its product line in household appliances, including notable successes like the Ninja Creami machine, which generated $78 million in net sales in 2022. The company targets a market share of approximately $40 billion, with some products commanding 30% to 50% market share.
Despite a competitive landscape and existing net debt of $545 million, SharkNinja plans to continue its growth trajectory through a focus on consumer-driven product innovations and expanding its market presence.
