Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Chewy's latest financial performance in the second quarter of fiscal year 2025 showcased solid growth, with net sales increasing by approximately 9% year-over-year to $3.1 billion, surpassing the upper end of the company's guidance range.</li><li>This growth is particularly noteworthy in a market environment characterized by low to midsingle-digit industry growth, highlighting Chewy's ability to capture market share.</li><li>The company's Autoship program, especially in consumables and health categories, played a significant role, generating $2.58 billion in customer sales and constituting 83% of total sales for the quarter.</li></ul>

Chewy's latest financial performance in the second quarter of fiscal year 2025 showcased solid growth, with net sales increasing by approximately 9% year-over-year to $3.1 billion, surpassing the upper end of the company's guidance range.This growth is particularly noteworthy in a market environment characterized by low to midsingle-digit industry growth, highlighting Chewy's ability to capture market share.The company's Autoship program, especially in consumables and health categories, played a significant role, generating $2.58 billion in customer sales and constituting 83% of total sales for the quarter.

Has Chewy FINALLY Cracked the Code for High-Margin Growth – What Happened In The Latest Results?

<ul><li>Chewy Inc., a prominent player in the pet e-commerce space, presented an overall positive first-quarter performance for fiscal year 2025, emphasizing growth initiatives and financial health.</li><li>Chewy reported an 8.3% year-over-year increase in net sales, reaching $3.12 billion, surpassing their guidance estimates.</li><li>This growth was largely driven by robust demand across consumables and health and wellness product categories, with a notable year-over-year hardgoods sales increase of 12.3%.</li></ul>

Chewy Inc., a prominent player in the pet e-commerce space, presented an overall positive first-quarter performance for fiscal year 2025, emphasizing growth initiatives and financial health.Chewy reported an 8.3% year-over-year increase in net sales, reaching $3.12 billion, surpassing their guidance estimates.This growth was largely driven by robust demand across consumables and health and wellness product categories, with a notable year-over-year hardgoods sales increase of 12.3%.

Chewy: Can The Reimagined Vet Clinics & Chewy+ Become The Future of Pet Care?

<ul><li>Chewy, Inc. recently concluded its fourth quarter and full fiscal year of 2024 on a strong note, reporting positive growth in several key areas.</li><li>The company's net sales for Q4 rose to $3.25 billion, an increase of approximately 15% year-over-year, contributing to full-year net sales of $11.86 billion, which represented a 6% year-over-year growth.</li><li>This robust sales performance was supported by healthy active customer growth and strong loyalty within the company's Autoship program, which accounts for a significant 80.6% of Q4 net sales.</li></ul>

Chewy, Inc. recently concluded its fourth quarter and full fiscal year of 2024 on a strong note, reporting positive growth in several key areas.The company's net sales for Q4 rose to $3.25 billion, an increase of approximately 15% year-over-year, contributing to full-year net sales of $11.86 billion, which represented a 6% year-over-year growth.This robust sales performance was supported by healthy active customer growth and strong loyalty within the company's Autoship program, which accounts for a significant 80.6% of Q4 net sales.

Chewy Inc: Going All-In On Automation But Is It Enough to Outrun Fulfillment Chaos?

<ul><li>Chewy, Inc.'s third quarter results for fiscal year 2024 reveal a mixed performance, showcasing both strengths and areas for potential improvement.</li><li>On the positive side, Chewy reported net sales of $2.88 billion, marking an approximate 5% increase year over year.</li><li>This growth exceeded the high end of the company's net sales guidance range.</li></ul>

Chewy, Inc.'s third quarter results for fiscal year 2024 reveal a mixed performance, showcasing both strengths and areas for potential improvement.On the positive side, Chewy reported net sales of $2.88 billion, marking an approximate 5% increase year over year.This growth exceeded the high end of the company's net sales guidance range.

Chewy Inc.: Will Its Expansion into Vet Clinics Be A Potential Game Changer? - Major Drivers

<ul><li>Chewy Inc. reported its fiscal Q2 2024 earnings with positive outturns highlighting its ongoing strategic endeavors and financial robustness, which presented a mixed picture of its current operational stance and future potential.</li><li>The company revealed a marginal revenue increase, achieving $2.86 billion, up approximately 3% YoY, driven largely by its Autoship program which accounts for 78% of net sales, illustrating the value and convenience perceived by returning customers.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Chewy Inc. reported its fiscal Q2 2024 earnings with positive outturns highlighting its ongoing strategic endeavors and financial robustness, which presented a mixed picture of its current operational stance and future potential.The company revealed a marginal revenue increase, achieving $2.86 billion, up approximately 3% YoY, driven largely by its Autoship program which accounts for 78% of net sales, illustrating the value and convenience perceived by returning customers.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Chewy Inc.: Will Its Consistent Investment in AutoShip & Subscription Models Yield Results? - Major Drivers

United States

Chewy, Inc. is an online retailer of pet food and other pet-related products. The Company through its retail website and mobile application offers pet food, treats, supplies, and healthcare products for dogs, cats, fish, birds, horses, and reptiles, as well as provides a range of pet clothing and medications. Chewy serves customers in the United States.

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Chewy (CHWY US)

Has Chewy FINALLY Cracked the Code for High-Margin Growth – What Happened In The Latest Results?

Chewy's latest financial performance in the second quarter of fiscal year 2025 showcased solid growth, with net sales increasing by approximately...

Baptista Research

Chewy: Can The Reimagined Vet Clinics & Chewy+ Become The Future of Pet Care?

Chewy Inc., a prominent player in the pet e-commerce space, presented an overall positive first-quarter performance for fiscal year 2025,...

Baptista Research

Chewy Inc: Going All-In On Automation But Is It Enough to Outrun Fulfillment Chaos?

Chewy, Inc. recently concluded its fourth quarter and full fiscal year of 2024 on a strong note, reporting positive growth in several key...

Baptista Research

Chewy Inc.: Will Its Expansion into Vet Clinics Be A Potential Game Changer? - Major Drivers

Chewy, Inc.'s third quarter results for fiscal year 2024 reveal a mixed performance, showcasing both strengths and areas for potential...

Baptista Research

Chewy Inc.: Will Its Consistent Investment in AutoShip & Subscription Models Yield Results? - Major Drivers

Chewy Inc. reported its fiscal Q2 2024 earnings with positive outturns highlighting its ongoing strategic endeavors and financial robustness,...

Baptista Research

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