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

Brown Forman Corp Class B / Equity Bottom-Up

<ul><li>Reviewing the fiscal results and the quarter's activities of Brown-Forman Corporation presents a detailed picture of the company's financial health and strategic directions, both of which are vital for current and potential investors.</li><li>Fiscal year 2024 proved challenging due to highly dynamic market conditions influenced by persistent macroeconomic factors such as inflation and high interest rates impacting consumer and distributor behavior.</li><li>Nevertheless, the company sought to capitalize on evolving trends towards premiumization and launched new products that align with consumer tastes and preferences, like Jack Daniel's Tennessee Apple and super premium whiskey varieties.</li></ul>

Reviewing the fiscal results and the quarter's activities of Brown-Forman Corporation presents a detailed picture of the company's financial health and strategic directions, both of which are vital for current and potential investors.Fiscal year 2024 proved challenging due to highly dynamic market conditions influenced by persistent macroeconomic factors such as inflation and high interest rates impacting consumer and distributor behavior.Nevertheless, the company sought to capitalize on evolving trends towards premiumization and launched new products that align with consumer tastes and preferences, like Jack Daniel's Tennessee Apple and super premium whiskey varieties.

Brown-Forman Corporation: How They Are Leveraging Pricing Strategies to Drive Revenue! - Major Drivers

<ul><li>Brown-Forman displayed a performance characterised by a steady trajectory amid pandemic related instabilities and challenges.</li><li>The company's year-to-date fiscal 2024 reported net sales growth increased by 1% with flat organic net sales growth.</li><li>Strong consumer demand, higher pricing, and the rebuilding of distributor inventories helped contribute to this positive result.</li></ul>

Brown-Forman displayed a performance characterised by a steady trajectory amid pandemic related instabilities and challenges.The company's year-to-date fiscal 2024 reported net sales growth increased by 1% with flat organic net sales growth.Strong consumer demand, higher pricing, and the rebuilding of distributor inventories helped contribute to this positive result.

Brown-Forman Corporation: These 3 Big Challenges Could Hamper Growth Despite Rising Market Demand! - Key Drivers

<ul><li>Brown-Forman's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.</li><li>The company witnessed a 2% increase in reported net sales growth during the first half, with organic net sales rising by 1% after adjusting for recent acquisitions.</li><li>Jack Daniel's Tennessee Apple, New Mix, and Glenglassaugh were key contributors to organic net sales growth, counterbalancing volume declines from the previous fiscal year's inventory rebuild.</li></ul>

Brown-Forman's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations.The company witnessed a 2% increase in reported net sales growth during the first half, with organic net sales rising by 1% after adjusting for recent acquisitions.Jack Daniel's Tennessee Apple, New Mix, and Glenglassaugh were key contributors to organic net sales growth, counterbalancing volume declines from the previous fiscal year's inventory rebuild.

Brown-Forman Corporation: Divestment Of Sonoma‑Cutrer Vineyards & Other Major Developments

<ul><li>The company reported net sales growth climbed by 3%, with organic net sales growth up by 2%.</li><li>Jack Daniel's Tennessee Whiskey, Jack Daniel's Tennessee Apple, and El Jimador all had continued increases in the quarter, which fueled organic net sales growth.</li><li>Jack Daniel's Tennessee Apple increased organic net sales by more than half.</li></ul>

The company reported net sales growth climbed by 3%, with organic net sales growth up by 2%.Jack Daniel's Tennessee Whiskey, Jack Daniel's Tennessee Apple, and El Jimador all had continued increases in the quarter, which fueled organic net sales growth.Jack Daniel's Tennessee Apple increased organic net sales by more than half.

Brown-Forman Corporation: The New Distribution Business in Slovakia Could Be A Decent Revenue Contributor? - Major Drivers

<ul><li>Brown-Forman managed to surpass the revenue expectations and the earnings expectations of Wall Street.</li><li>With an increase in reported net sales, driven by organic growth and favorable price/mix, Brown-Forman demonstrated its ability to navigate challenges and capitalize on consumer demand.</li><li>Brands like Jack Daniel's Tennessee Whiskey and Woodford Reserve were standout performers, showing organic net sales growth and capturing consumer attention through innovative campaigns and partnerships.</li></ul>

Brown-Forman managed to surpass the revenue expectations and the earnings expectations of Wall Street.With an increase in reported net sales, driven by organic growth and favorable price/mix, Brown-Forman demonstrated its ability to navigate challenges and capitalize on consumer demand.Brands like Jack Daniel's Tennessee Whiskey and Woodford Reserve were standout performers, showing organic net sales growth and capturing consumer attention through innovative campaigns and partnerships.

United States

Brown-Forman Corporation manufactures, bottles, imports, exports, and markets a wide variety of alcoholic beverage brands. The Company's products include branded whiskey, vodka, wines, tequila, bourbon, and gin.

Coca-Cola Enterprises Inc. markets, sells, manufactures, and distributes non-alcoholic beverages.  The Company provides refreshments, including sparkling waters, juices, isotonics, teas, and sodas.  Coca-Cola Enterprises operates internationally.

Molson Coors Brewing Company operates as a brewing company. The Company brews and produces beer. Molson Coors Brewing serves customers worldwide.

Coca-Cola Bottling Company Consolidated operates as a holding company. The Company, through its subsidiaries, produces, markets, and distributes nonalcoholic beverages such as energy drinks, bottled water, tea, ready-to-drink coffee, enhanced water, juices, and sports drinks.

Coca Cola Bottling Co. Consolidated (COKE US)

National Beverage Corp. is a holding company for subsidiaries that market, manufacture, and distribute a full line of beverage products.  The Company's products include multi-flavored and cola soft drinks, juice and juice products, flavored carbonated and spring water products, and specialty items.

The Boston Beer Company, Inc. produces a variety of craft-brewed beers and cider products at various contract breweries and Company-owned breweries.  The Company sells its products under brand names such as Boston Beer Company, Oregon Beer and Brewing Company, Samuel Adams, and HardCore.  Boston Beer sells its products to a network of wholesale distributors.

Primo Water Corporation provides safer drinking water. The Company offers multi-gallon bottled water, water dispensers, self-service refill water machines, and water filtration appliances. Primo Water serves customers in Canada.

MGP Ingredients, Inc. produces and markets ingredients and distillery products. The Company's ingredients include specialty wheat starches and specialty wheat proteins for food and non-food applications, commodity ingredients, including commodity wheat starches and vital wheat gluten, and mill feeds.  MGP's distillery products consist of food-grade alcohol.

Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products.  The Company's core divisions include soups and sauces, biscuits and confectionery, and foodservice.  Campbell's distributes its products worldwide.

The JM Smucker Company manufactures and markets food products on a worldwide basis. The Company's principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, frozen sandwiches, dessert toppings, syrups, pickles and condiments, and potato side dishes.

China Resources Beer (Holdings) Company Limited is an alcoholic beverage retailer.

Jiangsu Yanghe Brewery Joint-Stock Company Ltd. manufactures spirits. The Company's products include white spirits, top-graded gifts liquor, and liquor for daily consumption.

Tsingtao Brewery Company Limited produces and distributes beer products.  The Company markets its products throughout China and around the world under the Tsingtao Beer brand name.

Luzhou Laojiao Co., Ltd. manufactures and sells spirits products worldwide. The Company also produces glass products, manages hotels, and invests in the real estate business.

United Spirits Ltd. manufactures and distributes alcoholic beverages. The Company provides a variety of alcohols and spirits, including whiskey, brandy, and rum. United Spirits also manufactures indian-made foreign liquor brands. United Spirits serves customers worldwide.

Asahi Group Holdings, Ltd. produces beer and other beverages including non-alcoholic drinks. The Company sells its products in Japan and overseas.

Heineken Holding NV, through its subsidiary produces and distributes beverages internationally.  The Company produces beers, spirits, wines, and soft drinks under various brand names. Heineken operates through numerous subsidiaries and associated companies worldwide.

Coca-Cola HBC AG is one of the bottlers in the Coca-Cola system, operating plants in Europe, Africa, and Asia. The Company produces, sells, and distributes a wide range of non-alcoholic beverages, including sparkling, juice, water, sport, energy, tea, and coffee.

Carlsberg A/S is an international brewing company. The Company produces branded beers and regional brands. Carlsberg makes most of its beer outside of Denmark, and it is sold in markets around the world. The Company also markets and produces soft drinks, water, and wine.

Varun Beverages Limited produces and distributes beverages. The Company offers carbonated soft drinks and non-alcoholic beverages, as well as provides packaged drinking water. Varun Beverages serves customers worldwide.

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Brown Forman Corp Class B (BF/B US)

Brown-Forman Corporation: How They Are Leveraging Pricing Strategies to Drive Revenue! - Major Drivers

Reviewing the fiscal results and the quarter's activities of Brown-Forman Corporation presents a detailed picture of the company's financial...

Baptista Research

Brown-Forman Corporation: These 3 Big Challenges Could Hamper Growth Despite Rising Market Demand! - Key Drivers

Brown-Forman displayed a performance characterised by a steady trajectory amid pandemic related instabilities and challenges. The company's...

Baptista Research

Brown-Forman Corporation: Divestment Of Sonoma‑Cutrer Vineyards & Other Major Developments

Brown-Forman's results were a major disappointment as the company failed to meet Wall Street's revenue and earnings expectations. The company...

Baptista Research

Brown-Forman Corporation: The New Distribution Business in Slovakia Could Be A Decent Revenue Contributor? - Major Drivers

The company reported net sales growth climbed by 3%, with organic net sales growth up by 2%. Jack Daniel's Tennessee Whiskey, Jack Daniel's...

Baptista Research

Brown-Forman Corporation: How Resilience

Brown-Forman managed to surpass the revenue expectations and the earnings expectations of Wall Street. With an increase in reported net sales,...

Baptista Research

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