在您闲暇时：SharkNinja推出FrostVault Go

Randal J. Konik * | Equity Analyst(212) 708-2719 | rkonik@jefferies.comCarlos Gallagher * | Equity Associate+1 (786) 535-2025 | cgallagher1@jefferies.comTy-Lynn Johnson * | Equity Associate+1 (212) 778-8339 | tjohnson2@jefferies.comMina Solujic * | Equity Associate+1 (212) 444-4298 | msolujic@jefferies.comCorey Tarlowe * | Equity Analyst(212) 323-7541 | ctarlowe@jefferies.comKylie Cohu * | Equity Analyst(212) 778-8701 | kcohu@jefferies.comMantero Moreno-Cheek * | Equity Associate(212) 778-8407 | mmorenocheek@jefferies.com Company Valuation/RisksBest Buy Company, Inc.Our $88 PT is based on ~12.5x C'26E EPS and ~7x C'26E EBITDA. This is a slight premium to multiyear historical averages. Risks include maturingproduct cycles, competitive pricing pressures, tariff cost pressures, and softer consumer spending.Costco Wholesale Corp.Our price target is based on a blended average of ~59x FY2 P/E and ~37x EV/EBITDA. Risks include expense inflation, stronger competition online,macro risks, and incremental digital investments.Dick's Sporting Goods, Inc.Our $186 PT is based on ~12.1x P/E and ~7.5x EV/EBITDA on our CY'26 estimates, a premium to direct sporting goods & athletic peers. UpsideRisks: Competitive backdrop eases and sports participation sharply accelerates and NKE allocations improve. Downside Risks: Competitive backdropintensifies and sports participation sharply decelerates and NKE allocations deteriorate.SharkNinja Inc.Our $175 price target is based on an F'26E EV/EBITDA multiple of ~19x. Risks include supply chain headwinds, economic weakness, and increasedcompetition.Analyst Certification:I, Randal J. Konik, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Carlos Gallagher, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Ty-Lynn Johnson, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Mina Solujic, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Corey Tarlowe, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Kylie Cohu, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Mantero Moreno-Cheek, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) andsubject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or viewsexpressed in this research report.As is the case with all Jefferies employees, the analyst(s) responsible for the coverage of the financial instruments discussed in this report receives compensationbased in part on the overall performance of the firm, including investment banking income. We seek to update our research as appropriate, but various regulationsmay prevent us from doing so. Aside from certain industry reports published on a periodic basis, the large majority of reports are published at irregular intervalsas appropriate in the analyst's judgement.Investment Recommendation Record(Article 3(1)e and Article 7 of MAR)Recommendation PublishedRecommendation DistributedExplanation of Jefferies RatingsPlease see important disclosure information on pages 2 - 8 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. June 1, 2025 20:34 P.M.June 2, 2025 0:00 A.M.2 Buy - Describes securitie