Context of Glamorous
SharkNinja has been a consistent and successful innovator in small appliances, an industry marked by slow growth and few exciting new products. Now, its stock can be a consistent and successful investment as well. Investors now can buy shares in the company after SharkNinja went public in an unusual fashion in late July, by being spun out of Hong Kong company JS Global Lifestyle.
Vacuums, hair dryers, and ice-cream makers aren’t glamorous products, but SharkNinja has repeatedly come up with distinctive entries that have helped grow and redefine what these products can be. The results speak for themselves. Sales have risen at a 20% annual rate since 2008, when current CEO Mark Barrocas took the top job, and revenue is on track to hit $4 billion this year.
–Barron’s