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>Ross Stores reported a robust second quarter of fiscal 2026, demonstrating solid top-line growth with total sales increasing 13% to $6.3 billion and comparable store sales advancing 10%, marking consecutive quarters of double-digit comp growth.</li><li>The growth primarily stemmed from increased customer traffic, supported by successful customer acquisition efforts reaching a broad demographic spectrum, including younger shoppers and diverse income groups.</li><li>Both Ross Dress for Less and its subsidiary dd's DISCOUNTS experienced broad-based strength across merchandise categories and geographies, notably driven by home and cosmetics sectors, and particularly strong performance in the Midwest.</li></ul>

Ross Stores reported a robust second quarter of fiscal 2026, demonstrating solid top-line growth with total sales increasing 13% to $6.3 billion and comparable store sales advancing 10%, marking consecutive quarters of double-digit comp growth.The growth primarily stemmed from increased customer traffic, supported by successful customer acquisition efforts reaching a broad demographic spectrum, including younger shoppers and diverse income groups.Both Ross Dress for Less and its subsidiary dd's DISCOUNTS experienced broad-based strength across merchandise categories and geographies, notably driven by home and cosmetics sectors, and particularly strong performance in the Midwest.

Ross Stores’ Next Big Test — Can 115 New Stores Extend The Growth Run?

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

Thematic (Sector/Industry)

<ul>
<li>The US economy’s resilience hasn’t come from the many – it’s come from the top 10% as the “wealth effect” from rising asset prices has boosted spending.</li>
<li>But it works in reverse too.  Since the richest make up nearly half of America’s consumer spending, that could lead to a serious economic fallout.</li>
<li>It’s worth considering protecting your portfolio. I’ve pulled together one list of companies that should do well and another that could suffer from the change in climate.</li>
</ul>


The US economy’s resilience hasn’t come from the many – it’s come from the top 10% as the “wealth effect” from rising asset prices has boosted spending.
But it works in reverse too.  Since the richest make up nearly half of America’s consumer spending, that could lead to a serious economic fallout.
It’s worth considering protecting your portfolio. I’ve pulled together one list of companies that should do well and another that could suffer from the change in climate.


A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

<ul><li>Ross Stores reported a strong start to fiscal 2026, with first-quarter total sales increasing 21% to $6.0 billion and earnings per share rising 37% to $2.02.</li><li>Comparable store sales grew 17%, driven primarily by a higher number of transactions and broad-based growth across demographics, merchandise categories, and geographies.</li><li>The increase was partially influenced by higher tax refunds compared to the prior year and a rebound in traditionally softer seasonal months, such as February.</li></ul>

Ross Stores reported a strong start to fiscal 2026, with first-quarter total sales increasing 21% to $6.0 billion and earnings per share rising 37% to $2.02.Comparable store sales grew 17%, driven primarily by a higher number of transactions and broad-based growth across demographics, merchandise categories, and geographies.The increase was partially influenced by higher tax refunds compared to the prior year and a rebound in traditionally softer seasonal months, such as February.

Ross Stores’ $6.0 Billion Quarter: Can 17% Comp Growth Last?

<ul><li>Ross Stores reported solid financial results for the fourth quarter and fiscal year 2025, demonstrating momentum in both sales growth and profitability.</li><li>Total sales in Q4 rose 12% to $6.6 billion, driven by a 9% increase in comparable store sales (comps), primarily fueled by higher customer transactions and broad-based strength across merchandise categories such as shoes and cosmetics.</li><li>Weather-related factors dampened comps by about one percentage point during the quarter.</li></ul>

Ross Stores reported solid financial results for the fourth quarter and fiscal year 2025, demonstrating momentum in both sales growth and profitability.Total sales in Q4 rose 12% to $6.6 billion, driven by a 9% increase in comparable store sales (comps), primarily fueled by higher customer transactions and broad-based strength across merchandise categories such as shoes and cosmetics.Weather-related factors dampened comps by about one percentage point during the quarter.

Ross Stores: From New Stores To New Shoppers—Is This The Most Underrated Growth Story In Retail?

<ul><li>Ross Stores, Inc. reported a strong performance during its third quarter, indicating a positive trajectory in both sales and operational metrics.</li><li>Total sales increased by 10% to $5.6 billion, supported by a 7% rise in comparable store sales.</li><li>This growth was widespread across all major merchandise categories, with particularly impressive results in cosmetics, shoes, and ladies' apparel.</li></ul>

Ross Stores, Inc. reported a strong performance during its third quarter, indicating a positive trajectory in both sales and operational metrics.Total sales increased by 10% to $5.6 billion, supported by a 7% rise in comparable store sales.This growth was widespread across all major merchandise categories, with particularly impressive results in cosmetics, shoes, and ladies' apparel.

Ross Stores: Meta & TikTok Momentum Strengthening Customer Traffic at Scale!

United States

Ross Stores, Inc. operates two brands of off-price retail apparel and home accessories stores. Ross Stores offers name brand and designer apparel, accessories, footwear, and home fashions at discount prices.

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Ross Stores Inc (ROST US)

Ross Stores’ Next Big Test — Can 115 New Stores Extend The Growth Run?

Ross Stores reported a robust second quarter of fiscal 2026, demonstrating solid top-line growth with total sales increasing 13% to $6.3 billion...

Baptista Research

A Defensive Portfolio Prepared For The Wealth Effect’s Reversal

The top 10% account for around 50% of consumer spending in the US. This insight looks at the sectors and companies that could win and lose from the...

Finimize Research

Ross Stores’ $6.0 Billion Quarter: Can 17% Comp Growth Last?

Ross Stores reported a strong start to fiscal 2026, with first-quarter total sales increasing 21% to $6.0 billion and earnings per share rising...

Baptista Research

Ross Stores: From New Stores To New Shoppers—Is This The Most Underrated Growth Story In Retail?

Ross Stores reported solid financial results for the fourth quarter and fiscal year 2025, demonstrating momentum in both sales growth and...

Baptista Research

Ross Stores: Meta & TikTok Momentum Strengthening Customer Traffic at Scale!

Ross Stores, Inc. reported a strong performance during its third quarter, indicating a positive trajectory in both sales and operational...

Baptista Research

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