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>The Kroger Co. recently announced its fourth quarter and full-year 2025 financial results, marking a period of strong performance amid a challenging environment.</li><li>Under the leadership of newly appointed CEO Greg Foran, Kroger saw a noteworthy increase in identical sales without fuel, growing nearly 2.4% for the quarter and 2.9% for the year, alongside a 9% growth in earnings per share.</li><li>This growth was at the high end of the company's expectations, indicating a positive trajectory.</li></ul>

The Kroger Co. recently announced its fourth quarter and full-year 2025 financial results, marking a period of strong performance amid a challenging environment.Under the leadership of newly appointed CEO Greg Foran, Kroger saw a noteworthy increase in identical sales without fuel, growing nearly 2.4% for the quarter and 2.9% for the year, alongside a 9% growth in earnings per share.This growth was at the high end of the company's expectations, indicating a positive trajectory.

Kroger's Online Sales Are Accelerating—But Can the Company Turn E-Commerce Profitable by 2026?

<ul><li>Kroger is preparing to name former Walmart executive Greg Foran as its next chief executive, marking a pivotal leadership shift after nearly a year of uncertainty.</li><li>The move comes as the nation’s largest traditional grocer navigates inflation-weary consumers, intensifying price competition, and a strategic reset following the collapse of its $20 billion Albertsons merger.</li><li>After the abrupt exit of longtime CEO Rodney McMullen over an undisclosed ethics violation, Kroger’s board opted for an external leader with a proven turnaround background rather than promoting from within.</li></ul>

Kroger is preparing to name former Walmart executive Greg Foran as its next chief executive, marking a pivotal leadership shift after nearly a year of uncertainty.The move comes as the nation’s largest traditional grocer navigates inflation-weary consumers, intensifying price competition, and a strategic reset following the collapse of its $20 billion Albertsons merger.After the abrupt exit of longtime CEO Rodney McMullen over an undisclosed ethics violation, Kroger’s board opted for an external leader with a proven turnaround background rather than promoting from within.

Kroger’s CEO Reset: Why A Walmart Turnaround Veteran Is Taking The Helm!

<ul><li>The Kroger Co. reported a quarter characterized by stable core performance, strategic recalibration, and notable one-time impacts, as reflected in management’s responses.</li><li>The company continued to emphasize strengthening its core grocery operations while adjusting its e-commerce strategy to improve profitability and capital efficiency.</li><li>Identical sales without fuel increased modestly, supported primarily by pharmacy and digital channels, while broader consumer behavior reflected ongoing macroeconomic pressure, particularly among middle- and lower-income households.</li></ul>

The Kroger Co. reported a quarter characterized by stable core performance, strategic recalibration, and notable one-time impacts, as reflected in management’s responses.The company continued to emphasize strengthening its core grocery operations while adjusting its e-commerce strategy to improve profitability and capital efficiency.Identical sales without fuel increased modestly, supported primarily by pharmacy and digital channels, while broader consumer behavior reflected ongoing macroeconomic pressure, particularly among middle- and lower-income households.

Kroger Is Rewiring Its Digital Fulfillment Model — A Turning Point for Margins & Cash Flow!

Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

Thematic (Sector/Industry)

<ul><li>Zooming out first for a big picture perspective - helpful away from the news &amp; chatter:</li><li>Bears Make Headlines &amp; Lose Money, Bulls Make Money! As always … !</li><li>The bear case sounds very smart very often, only problem is, it’s quite rarely right … !</li></ul>

Zooming out first for a big picture perspective - helpful away from the news &amp; chatter:Bears Make Headlines &amp; Lose Money, Bulls Make Money! As always … !The bear case sounds very smart very often, only problem is, it’s quite rarely right … !

The S&P 500 Report: Performance, Profitability, Sentiment & More - #Ed 5

Alpha-Centric ESG Research

Kyle Rudden

The Biden-Harris administration recently announced four "Day One" priorities, the first of which is their COVID-19 response plan. COVID-19 response is first, because it is a prerequisite to economic recovery, which is the second of their four "Day One" priorities.Several investment themes are inherent in Biden's COVID-19 plan, some more direct and obvious than others. This Insight overviews more significant themes and their most representative stocks, in three sections (the first two will be expanded on in separate upcoming reports):<ol>
<li>
COVID-19 Testing: Testing is the largest, most tangible, nearest-term investment opportunity created by Biden's plan. An estimated US$75-100 billion for testing could be windfall for certain stocks, but not all. Selectivity is key, and timing is critical (related to vaccine development).</li>
<li>
Vaccine Delivery: Biden's plan emphasises vaccine manufacturing and delivery, versus vaccine development (Trump had allocated <a href="https://www.hhs.gov/coronavirus/explaining-operation-warp-speed/index.html" target="_blank" rel="noopener">billions</a> to vaccine development companies). Some might go to big pharma companies for M&amp;D, but most should benefit other "cold chain" stocks.</li>
<li>
PPE Supply/Other: PPE manufacturing, of course, but that is largely old news. I will address it, but do so along with other more interesting collateral themes. For example, retail drugs chains, elder-care, medical technologies, and a few other related industries.</li>
</ol>

The Biden-Harris administration recently announced four "Day One" priorities, the first of which is their COVID-19 response plan. COVID-19 response is first, because it is a prerequisite to economic recovery, which is the second of their four "Day One" priorities.Several investment themes are inherent in Biden's COVID-19 plan, some more direct and obvious than others. This Insight overviews more significant themes and their most representative stocks, in three sections (the first two will be expanded on in separate upcoming reports):

COVID-19 Testing: Testing is the largest, most tangible, nearest-term investment opportunity created by Biden's plan. An estimated US$75-100 billion for testing could be windfall for certain stocks, but not all. Selectivity is key, and timing is critical (related to vaccine development).

Vaccine Delivery: Biden's plan emphasises vaccine manufacturing and delivery, versus vaccine development (Trump had allocated billions to vaccine development companies). Some might go to big pharma companies for M&amp;D, but most should benefit other "cold chain" stocks.

PPE Supply/Other: PPE manufacturing, of course, but that is largely old news. I will address it, but do so along with other more interesting collateral themes. For example, retail drugs chains, elder-care, medical technologies, and a few other related industries.


Biden COVID-19 Response Plan: Overview of Its Inherent Investment Themes

United States

The Kroger Co. operates supermarkets and convenience stores in the United States.  The Company also manufactures and processes some of the foods that its supermarkets sell.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Kroger Co (KR US)

Kroger's Online Sales Are Accelerating—But Can the Company Turn E-Commerce Profitable by 2026?

The Kroger Co. recently announced its fourth quarter and full-year 2025 financial results, marking a period of strong performance amid a...

Baptista Research

Kroger’s CEO Reset: Why A Walmart Turnaround Veteran Is Taking The Helm!

Kroger is preparing to name former Walmart executive Greg Foran as its next chief executive, marking a pivotal leadership shift after nearly a...

Baptista Research

Kroger Is Rewiring Its Digital Fulfillment Model — A Turning Point for Margins & Cash Flow!

The Kroger Co. reported a quarter characterized by stable core performance, strategic recalibration, and notable one-time impacts, as reflected in...

Baptista Research

The S&P 500 Report: Performance, Profitability, Sentiment & More - #Ed 5

Zooming out first for a big picture perspective - helpful away from the news & chatter: Bears Make Headlines & Lose Money, Bulls Make Money! As...

Maverick Equity Research

Biden COVID-19 Response Plan: Overview of Its Inherent Investment Themes

Biden's recently-announced COVID-19 response plan suggests a number of investment themes. This Insight overviews the more significant of those...

Kyle Rudden

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)