SharkNinja (SN) in Fidelity Small Cap Growth Fund Q3 2024

Strong Financial Performance and Strategic Growth in Home Appliances

Apr 14, 2025

Summary

Investment rationale: Out-of-index stake with strong financial results.
Market positioning: Leading in the home appliance sector with innovative products.
Risks and challenges: Potential market saturation and competition in the appliance industry.
Recent performance: Shares surged 45% in September due to strong Q2 results.
Future outlook: Positive sales and earnings guidance for the full year.

In the Fidelity Small Cap Growth Fund's Q3 2024 review, SharkNinja (SN, Financial) was highlighted as a top individual relative contributor. The home appliance maker's shares surged by 45% in September following the announcement of strong second-quarter financial results and an upward revision of its full-year sales and earnings guidance, which exceeded analysts' expectations. This performance underscores the company's strategic positioning in the growing home appliance market.

"Shares of the home appliance maker surged in September after the company reported strong second-quarter financial results and raised its full-year sales and earnings guidance ahead of analysts' expectations. Notably, sales of SharkNinja's cooking and beverage appliances rose 91% in Q2, driven by the popularity of its portable blenders and ice cream makers." — Fidelity Small Cap Growth Fund, Q3 2024 Fund Letter

Read full letter at gurufocus fidelity small cap growth fund q3 2024 review 2024 Q3 page.

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