SharkNinja reported strong Q3 2024 results, with net sales increasing 33.2% year-over-year to $1.43 billion. Net income soared to $132.3 million, up from $18.7 million in Q3 2023. Gross margin improved by 320 basis points to 48.7%.The company saw growth across all product categories, with Food Preparation Appliances leading at 73.5% growth. Operating income rose to $180.3 million from $94.5 million last year. SharkNinja maintained a solid liquidity position with $127.9 million in cash and $315.9 million available under its revolving credit facility.For the nine months ended September 30, net sales grew 30.1% to $3.74 billion, while net income increased to $310 million from $117.8 million. The company expects continued growth driven by product innovation and international expansion.

SharkNinja reported strong Q3 2024 results, with net sales increasing 33.2% year-over-year to $1.43 billion. Net income soared to $132.3 million, up from $18.7 million in Q3 2023. Gross margin improved by 320 basis points to 48.7%.The company saw growth across all product categories, with Food Preparation Appliances leading at 73.5% growth. Operating income rose to $180.3 million from $94.5 million last year. SharkNinja maintained a solid liquidity position with $127.9 million in cash and $315.9 million available under its revolving credit facility.For the nine months ended September 30, net sales grew 30.1% to $3.74 billion, while net income increased to $310 million from $117.8 million. The company expects continued growth driven by product innovation and international expansion.