SharkNinja Inc. (SN) saw its shares plummet 5.24% to $115.99 in pre-market trading on Thursday, February 13th, despite reporting stellar fourth-quarter 2024 results and providing an upbeat outlook for fiscal 2025.

The company, known for its innovative home appliances like blenders, vacuums, and air purifiers, posted a surge in its top- and bottom-lines for the fourth quarter. Net income soared to $128.7 million, or $0.91 per diluted share, from $49.3 million, or $0.35 per diluted share, in the same period last year. Adjusted earnings per share came in at $1.40, beating analysts' estimates of $1.27.

Net sales surged 30% to $1.79 billion, driven by growth across all four product categories, particularly the food preparation appliances segment which grew 89% on strong demand for ice cream makers and frozen drink appliances. The company's results exceeded analysts' expectations of $1.63 billion in revenue.

For fiscal 2025, SharkNinja expects net sales to increase 10% to 12% and adjusted earnings per share to range between $4.80 and $4.90. However, the company noted that its guidance includes the impact of a 10% additional tariff on imports from China, which was announced on February 1st.

Despite the robust performance and promising outlook, investors appeared to be concerned about the potential impact of the new tariffs on SharkNinja's profitability, leading to the sharp sell-off in the stock during pre-market trading.