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

Academy Sports & Outdoors  / Equity Bottom-Up

<ul><li>Academy Sports and Outdoors recently reported a second-quarter fiscal 2024 revenue of $1.55 billion, marking a 2.2% decrease compared to the previous year.</li><li>This decline equates to a 6.9% negative comparable store sales on a shifted basis.</li><li>Several factors attributed to this downturn, including economic pressures on consumers like high inflation and increased credit card debt, adverse weather events, and operational disruptions from a distribution center conversion to a new warehouse management system.</li></ul>

Academy Sports and Outdoors recently reported a second-quarter fiscal 2024 revenue of $1.55 billion, marking a 2.2% decrease compared to the previous year.This decline equates to a 6.9% negative comparable store sales on a shifted basis.Several factors attributed to this downturn, including economic pressures on consumers like high inflation and increased credit card debt, adverse weather events, and operational disruptions from a distribution center conversion to a new warehouse management system.

Academy Sports and Outdoors Inc.: Can The Enhanced E-commerce and Delivery Capabilities Catalyze Top-Line Growth? - Major Drivers

<ul><li>This is our first report on sports products major, Academy Sports and Outdoors.</li><li>In the Q4 and 2023 fiscal year call of Academy Sports and Outdoors, the management reported impressive sales improvement during the quarter and significant progress in their long-term strategic objectives.</li><li>Sales came in at $1.8 billion, which was a 2.8% increase in total and adjusted earnings per share increased by 8%.</li></ul>

This is our first report on sports products major, Academy Sports and Outdoors.In the Q4 and 2023 fiscal year call of Academy Sports and Outdoors, the management reported impressive sales improvement during the quarter and significant progress in their long-term strategic objectives.Sales came in at $1.8 billion, which was a 2.8% increase in total and adjusted earnings per share increased by 8%.

Academy Sports and Outdoors Inc.:  Initiation of Coverage - Why Are We Bullish On This Sports Products Giant? - Major Drivers

<ul><li>Academy Sports and Outdoors reported a mixed start to fiscal 2024, with some areas indicating stability and others highlighting ongoing challenges.</li><li>The company recorded first quarter sales of $1.36 billion, a decrease of 1.4% year-over-year.</li><li>Comparable sales were down 5.7%, reflecting ongoing consumer caution amid a challenging macroeconomic environment characterized by persistent inflation and depleted personal savings.</li></ul>

Academy Sports and Outdoors reported a mixed start to fiscal 2024, with some areas indicating stability and others highlighting ongoing challenges.The company recorded first quarter sales of $1.36 billion, a decrease of 1.4% year-over-year.Comparable sales were down 5.7%, reflecting ongoing consumer caution amid a challenging macroeconomic environment characterized by persistent inflation and depleted personal savings.

Academy Sports and Outdoors: Robust Omnichannel Capabilities Driving Our Optimism Around The Company! - Major Drivers

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/topsports-international-holdings" target="_blank" data-smartkarma-citation="entities:28153" rel="noopener">Topsports International Holdings (6110 HK)</a> miss suggests inventory fire sale ahead. Negative for demand in China, <a href="https://www.smartkarma.com/entities/nike-inc-cl-b" target="_blank" data-smartkarma-citation="entities:6658:1" rel="noopener">Nike (NKE US)</a>, <a href="https://www.smartkarma.com/entities/anta-sports-products-ltd" target="_blank" data-smartkarma-citation="entities:10261:1" rel="noopener">Anta Sports Products (2020 HK)</a> and the whole sector</li>
<li>Chinese consumers aren't buying <a href="https://www.smartkarma.com/entities/bayerische-motoren-werke-ag-bmw-72824b26-c157-46b2-bafe-650cb75a091f" target="_blank" data-smartkarma-citation="entities:21591:1" rel="noopener">Bayerische Motoren Werke (BMW) (BMW GR)</a> or going to the Movies</li>
<li>But Americans are still walking in Westerns Boots <a href="https://www.smartkarma.com/entities/boot-barn-holdings-inc" target="_blank" data-smartkarma-citation="entities:11647:1" rel="noopener">Boot Barn Holdings (BOOT US)</a> </li>
</ul>



Topsports International Holdings (6110 HK) miss suggests inventory fire sale ahead. Negative for demand in China, Nike (NKE US), Anta Sports Products (2020 HK) and the whole sector
Chinese consumers aren't buying Bayerische Motoren Werke (BMW) (BMW GR) or going to the Movies
But Americans are still walking in Westerns Boots Boot Barn Holdings (BOOT US) 


Global Consumer (Midweek Update): Consumer Woes Persist, Especially in China.

United States

Academy Sports and Outdoors, Inc. retails sports products. The Company offers sports apparel and footwear, marine products, fitness, golf, hunting, fishing, boating, team sports, recreation, and leisure equipment. Academy Sports and Outdoors serves customers in the United States.

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Academy Sports & Outdoors (ASO US)

Academy Sports and Outdoors Inc.: Can The Enhanced E-commerce and Delivery Capabilities Catalyze Top-Line Growth? - Major Drivers

Academy Sports and Outdoors recently reported a second-quarter fiscal 2024 revenue of $1.55 billion, marking a 2.2% decrease compared to the...

Baptista Research

Academy Sports and Outdoors Inc.: Initiation of Coverage - Why Are We Bullish On This Sports Products Giant? - Major Drivers

This is our first report on sports products major, Academy Sports and Outdoors. In the Q4 and 2023 fiscal year call of Academy Sports and...

Baptista Research

Academy Sports and Outdoors: Robust Omnichannel Capabilities Driving Our Optimism Around The Company! - Major Drivers

Academy Sports and Outdoors reported a mixed start to fiscal 2024, with some areas indicating stability and others highlighting ongoing...

Baptista Research

Global Consumer (Midweek Update): Consumer Woes Persist, Especially in China.

Topsports miss signals inventory fire sale in China, impacting Nike, Anta Sports Products, and the sector as a whole. Chinese consumers shun...

Neil Campling

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Academy Sports and Outdoors Inc.: Can The Enhanced E-commerce and Delivery Capabilities Catalyze Top-Line Growth? - Major Drivers

Academy Sports and Outdoors recently reported a second-quarter fiscal 2024 revenue of $1.55 billion, marking a 2.2% decrease compared to the...

Baptista Research

Academy Sports and Outdoors Inc.: Initiation of Coverage - Why Are We Bullish On This Sports Products Giant? - Major Drivers

This is our first report on sports products major, Academy Sports and Outdoors. In the Q4 and 2023 fiscal year call of Academy Sports and...

Baptista Research

Academy Sports and Outdoors: Robust Omnichannel Capabilities Driving Our Optimism Around The Company! - Major Drivers

Academy Sports and Outdoors reported a mixed start to fiscal 2024, with some areas indicating stability and others highlighting ongoing...

Baptista Research

Global Consumer (Midweek Update): Consumer Woes Persist, Especially in China.

​Topsports miss signals inventory fire sale in China, impacting Nike, Anta Sports Products, and the sector as a whole. Chinese consumers shun...

Neil Campling

Topsports miss signals inventory fire sale in China, impacting Nike, Anta Sports Products, and the sector as a whole. Chinese consumers shun...