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>YETI Holdings reported second-quarter fiscal 2026 results showing continued revenue growth, operational improvement, and brand expansion across products and geographies.</li><li>Sales increased 9% year-over-year to approximately $484 million, supported by broad-based strength in Coolers & Equipment and Drinkware.</li><li>Coolers & Equipment sales rose 16%, driven by bags, soft coolers, and storage products, while Drinkware increased 2%, marking a third consecutive quarter of growth despite U.S. category headwinds.</li></ul>

YETI Holdings reported second-quarter fiscal 2026 results showing continued revenue growth, operational improvement, and brand expansion across products and geographies.Sales increased 9% year-over-year to approximately $484 million, supported by broad-based strength in Coolers & Equipment and Drinkware.Coolers & Equipment sales rose 16%, driven by bags, soft coolers, and storage products, while Drinkware increased 2%, marking a third consecutive quarter of growth despite U.S. category headwinds.

YETI Holdings' $600 Million Capital Return — A Bold Bet On The Brand's Future!

<ul><li>YETI Holdings delivered the kind of earnings report that would normally be expected to support a stock: second-quarter sales increased 9% to approximately $484 million, adjusted earnings of $0.67 per share exceeded expectations, and management raised its full-year EPS outlook to $2.94-$3.00, implying growth of 19%-21%.</li><li>Yet investors responded by sending the shares sharply lower, with the stock falling more than 12% following the report.</li><li>The disconnect becomes easier to understand when looking beneath the headline numbers.</li></ul>

YETI Holdings delivered the kind of earnings report that would normally be expected to support a stock: second-quarter sales increased 9% to approximately $484 million, adjusted earnings of $0.67 per share exceeded expectations, and management raised its full-year EPS outlook to $2.94-$3.00, implying growth of 19%-21%.Yet investors responded by sending the shares sharply lower, with the stock falling more than 12% following the report.The disconnect becomes easier to understand when looking beneath the headline numbers.

YETI Stock Crashed After Earnings—What Does Wall Street Know?

<ul><li>YETI Holdings delivered a strong finish to fiscal 2025, posting fourth-quarter net sales growth of 5% to $583.7 million, with Drinkware up 6% to $380 million and Coolers and Equipment up 2% to $192 million.</li><li>The quarter showed improving balance across categories, channels, and geographies, with international sales rising 25% to $136 million and representing 23% of quarterly revenue.</li><li>Management attributed the improved trend to a broadened product portfolio, faster product development cycles enabled by a more global innovation footprint, and an omnichannel model that captures shoppers across owned e-commerce, wholesale partners, Amazon Marketplace, corporate sales, and stores.</li></ul>

YETI Holdings delivered a strong finish to fiscal 2025, posting fourth-quarter net sales growth of 5% to $583.7 million, with Drinkware up 6% to $380 million and Coolers and Equipment up 2% to $192 million.The quarter showed improving balance across categories, channels, and geographies, with international sales rising 25% to $136 million and representing 23% of quarterly revenue.Management attributed the improved trend to a broadened product portfolio, faster product development cycles enabled by a more global innovation footprint, and an omnichannel model that captures shoppers across owned e-commerce, wholesale partners, Amazon Marketplace, corporate sales, and stores.

YETI Holdings: Wholesale Doors, Local E-Commerce, and Amazon Expansion Power the Global Ramp!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>he outdoorsy theme has been leading the market higher since the March lows, for reasons related to the coronavirus. After consolidating for 1-2 months, several stocks within Group CD-13 Sporting Goods/Leisure Products are showing fresh breakouts. With several names breaking out simultaneously, it gives us added confidence that price and RS appreciation has much more room to run.</p>

he outdoorsy theme has been leading the market higher since the March lows, for reasons related to the coronavirus. After consolidating for 1-2 months, several stocks within Group CD-13 Sporting Goods/Leisure Products are showing fresh breakouts. With several names breaking out simultaneously, it gives us added confidence that price and RS appreciation has much more room to run.

Outdoorsy Theme Gaining Steam; Buy PII, YETI, MBUU, and MCFT

US Treasury (10 Yr Generic) / Technical Analysis

<p>Considering the absence of breakdowns for the major indexes and for individual Sectors, along with the Fed covering investors’ backs, we continue to have a bullish outlook and we believe that the path of least resistance remains higher. In this report we outline our bullish case and highlight actionable opportunities across all 12 sectors.</p>

Considering the absence of breakdowns for the major indexes and for individual Sectors, along with the Fed covering investors’ backs, we continue to have a bullish outlook and we believe that the path of least resistance remains higher. In this report we outline our bullish case and highlight actionable opportunities across all 12 sectors.

U.S. Equity Strategy - Bullish Outlook Intact

United States

YETI Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, designs, markets, and distributes products for the outdoor and recreation markets. YETI Holdings offers coolers, seat cushions, beverage holders, security cable locks and brackets, bottles, t-shirts, caps, gear cases, tumblers, and tie-down kits. YETI Holdings serves customers worldwide.

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YETI Holdings Inc (YETI US)

YETI Holdings' $600 Million Capital Return — A Bold Bet On The Brand's Future!

YETI Holdings reported second-quarter fiscal 2026 results showing continued revenue growth, operational improvement, and brand expansion across...

Baptista Research

YETI Stock Crashed After Earnings—What Does Wall Street Know?

YETI Holdings delivered the kind of earnings report that would normally be expected to support a stock: second-quarter sales increased 9% to...

Baptista Research

YETI Holdings: Wholesale Doors, Local E-Commerce, and Amazon Expansion Power the Global Ramp!

YETI Holdings delivered a strong finish to fiscal 2025, posting fourth-quarter net sales growth of 5% to $583.7 million, with Drinkware up 6% to...

Baptista Research

Outdoorsy Theme Gaining Steam; Buy PII, YETI, MBUU, and MCFT

he outdoorsy theme has been leading the market higher since the March lows, for reasons related to the coronavirus. After consolidating for 1-2...

Vermilion Research

U.S. Equity Strategy - Bullish Outlook Intact

Considering the absence of breakdowns for the major indexes and for individual Sectors, along with the Fed covering investors’ backs, we continue...

Vermilion Research

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