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 Q4 2023 earnings of Lululemon Athletica Inc. highlighted positive operational results with revenue increases across most regions.</li><li>Total revenue was reported to have increased by 16% for the quarter.</li><li>In the Americas, the increase was 9%, while Mainland China saw a rather prominent rise of 78%.</li></ul>

The Q4 2023 earnings of Lululemon Athletica Inc. highlighted positive operational results with revenue increases across most regions.Total revenue was reported to have increased by 16% for the quarter.In the Americas, the increase was 9%, while Mainland China saw a rather prominent rise of 78%.

Lululemon Athletica Inc.: A Tale Of Store Expansion & International Growth! - Major Drivers

<ul><li>Lululemon Athletica Inc. delivered an all-around beat in Q3, reporting a robust 19% increase in total net revenue, reaching $2.2 billion.</li><li>The store channel experienced a substantial 19% increase, contributing to a global store count of 686, reflecting a 17% growth in square footage.</li><li>Q3 also highlighted the success of women's business, with a 19% boost attributed to new product launches like Wundermost, a bodywear collection.</li></ul>

Lululemon Athletica Inc. delivered an all-around beat in Q3, reporting a robust 19% increase in total net revenue, reaching $2.2 billion.The store channel experienced a substantial 19% increase, contributing to a global store count of 686, reflecting a 17% growth in square footage.Q3 also highlighted the success of women's business, with a 19% boost attributed to new product launches like Wundermost, a bodywear collection.

Lululemon Athletica Inc.: Digital Surge: Commanding 41% of Total Revenue! - Major Drivers

<ul><li>Lululemon Athletica delivered an all-around beat in the previous quarter, exceeding the management's projections for revenue and EPS.</li><li>Comparable sales increased by 17% online and 9% in-store, and adjusted EPS rose by 22% over the same time last year.</li><li>In July, Lululemon Athletica established its first site in Thailand, making it the 100th APAC facility overall.</li></ul>

Lululemon Athletica delivered an all-around beat in the previous quarter, exceeding the management's projections for revenue and EPS.Comparable sales increased by 17% online and 9% in-store, and adjusted EPS rose by 22% over the same time last year.In July, Lululemon Athletica established its first site in Thailand, making it the 100th APAC facility overall.

Lululemon Athletica Inc.: Tapping into International Markets - A Game-Changing Move? Major Drivers

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

<ul>
<li>The company's international sales growth is somewhat of a hidden asset, as the arena is underserved.</li>
<li>Lululemon's regional brand exposure is expanding with new store openings.</li>
<li>The stock is theoretically undervalued, which is why the stock is undervalued.</li>
</ul>


The company's international sales growth is somewhat of a hidden asset, as the arena is underserved.
Lululemon's regional brand exposure is expanding with new store openings.
The stock is theoretically undervalued, which is why the stock is undervalued.


Lululemon: Underestimated Is An Understatement

Equity Capital Markets

Lululemon Athletica / Equity Capital Markets

<ul><li>Lululemon Athletica managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>They surpassed their guidance with strong top and bottom-line results.</li><li>We give Lululemon Athletica a 'Hold' rating with a revised target price.</li></ul>

Lululemon Athletica managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.They surpassed their guidance with strong top and bottom-line results.We give Lululemon Athletica a 'Hold' rating with a revised target price.

Lululemon Athletica Inc.: Community-Based Model Remains The Key To Success – Major Drivers

United States

lululemon athletica Inc. designs and retails athletic clothing.  The Company produces fitness pants, shorts, tops and jackets for yoga, dance, running, and general fitness. lululemon serves customers throughout the world.

Lululemon Athletica (LULU US)

Lululemon Athletica Inc.: A Tale Of Store Expansion & International Growth! - Major Drivers

The Q4 2023 earnings of Lululemon Athletica Inc. highlighted positive operational results with revenue increases across most regions. Total...

Baptista Research

Lululemon Athletica Inc.: Digital Surge: Commanding 41% of Total Revenue! - Major Drivers

Lululemon Athletica Inc. delivered an all-around beat in Q3, reporting a robust 19% increase in total net revenue, reaching $2.2 billion. The...

Baptista Research

Lululemon Athletica Inc.: Tapping into International Markets - A Game-Changing Move? Major Drivers

Lululemon Athletica delivered an all-around beat in the previous quarter, exceeding the management's projections for revenue and EPS. Comparable...

Baptista Research

Lululemon: Underestimated Is An Understatement

The company's international sales growth is somewhat of a hidden asset, as the arena is underserved. Lululemon's regional brand exposure is...

Pearl Gray Equity and Research

Lululemon Athletica Inc.: Community-Based Model Remains The Key To Success – Major Drivers

Lululemon Athletica managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. They surpassed their guidance...

Baptista Research