SharkNinja is living up to its name with their use of AI.
Per the WSJ: “SharkNinja is building a tool to allow its finance team to monitor profitability in real time, potentially shaving weeks off the cumbersome process of building a forecast.”
Their current forecasting process was slow, so they were always working from a three-week-old P&L. The new tool will give them “real-time” insights to support investment decisions.
Two things stand out:
SharkNinja is being disciplined. They ran the tool side-by-side vs. existing forecasts to ensure accuracy. The full rollout is planned for Q4.
CFO Adam Quigley calls this a “capacity multiplier,” not a cost-cutting tool.
Nice work. Of course, that’s what you’d expect when you put a Shark and a Ninja together.
🦈🥷