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>Lululemon Athletica Inc. reported its third-quarter results for fiscal 2024, revealing both strengths and challenges within its business operations.</li><li>The company's revenue grew by 9% (8% in constant currency), reaching $2.4 billion.</li><li>This growth was primarily propelled by substantial gains in international markets, particularly China, Mainland, which saw an impressive increase of 39% (36% in constant currency).</li></ul>

Lululemon Athletica Inc. reported its third-quarter results for fiscal 2024, revealing both strengths and challenges within its business operations.The company's revenue grew by 9% (8% in constant currency), reaching $2.4 billion.This growth was primarily propelled by substantial gains in international markets, particularly China, Mainland, which saw an impressive increase of 39% (36% in constant currency).

Lululemon Athletica Inc.: Will Its International Growth & Market Expansion Help Catapult Its Top-Line Growth? - Major Drivers

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year.</li><li>There is still a long way to go, but with the stock now up almost 50% over the last three months, Mr. Market has likely started acknowledging that the bear narratives perhaps went a bit too far.</li><li>Glancing through the numbers for 3Q’24 may seem eerily similar to 2Q’24, but management’s tone was much more upbeat in tonight.</li></ul>

While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year.There is still a long way to go, but with the stock now up almost 50% over the last three months, Mr. Market has likely started acknowledging that the bear narratives perhaps went a bit too far.Glancing through the numbers for 3Q’24 may seem eerily similar to 2Q’24, but management’s tone was much more upbeat in tonight.

<ul><li>Lululemon Athletica Inc. recently discussed its financial results for the second quarter of 2024.</li><li>The company's revenue increased by 7%, or 8% on a constant currency basis, marking a moderate growth trajectory amid a complex retail environment.</li><li>One positive highlight from the quarter was the notable performance in Lululemon's international markets, particularly in China Mainland, which saw a revenue increase of 34% or 37% in constant currency.</li></ul>

Lululemon Athletica Inc. recently discussed its financial results for the second quarter of 2024.The company's revenue increased by 7%, or 8% on a constant currency basis, marking a moderate growth trajectory amid a complex retail environment.One positive highlight from the quarter was the notable performance in Lululemon's international markets, particularly in China Mainland, which saw a revenue increase of 34% or 37% in constant currency.

Lululemon Athletica Inc.: An Insight Into Their Athleisure Market Position & Strategic Growth! - Major Drivers

<ul><li>It is far from common for a stock to be up 4% after missing the revenue guide for the quarter and slashing the full-year revenue guide for the year.</li><li>That’s exactly what happened with Lululemon today which should tell you the kind of sentiment going into the earnings!</li><li>The crux of the bear thesis on Lulu usually circles around their US business. </li></ul>

It is far from common for a stock to be up 4% after missing the revenue guide for the quarter and slashing the full-year revenue guide for the year.That’s exactly what happened with Lululemon today which should tell you the kind of sentiment going into the earnings!The crux of the bear thesis on Lulu usually circles around their US business. 

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Strong candidate for shorting in the short-run, potential to miss revenue consensus by 4-5ppt in Q1 2024</li><li>Recommendation to short LULU US when share price is above USD410, price target of USD300 before next earnings date in May 2024</li><li>Lululemon is a leading brand in women's indoor training and yoga, overvalued and likely to see a decline in share price</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Strong candidate for shorting in the short-run, potential to miss revenue consensus by 4-5ppt in Q1 2024Recommendation to short LULU US when share price is above USD410, price target of USD300 before next earnings date in May 2024Lululemon is a leading brand in women's indoor training and yoga, overvalued and likely to see a decline in share priceThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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.

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Lululemon Athletica (LULU US)

Lululemon Athletica Inc.: Will Its International Growth & Market Expansion Help Catapult Its Top-Line Growth? - Major Drivers

Lululemon Athletica Inc. reported its third-quarter results for fiscal 2024, revealing both strengths and challenges within its business...

Baptista Research

Lululemon 3Q'24 Update

While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year.

MBI Deep Dives

Lululemon Athletica Inc.: An Insight Into Their Athleisure Market Position & Strategic Growth! - Major Drivers

Lululemon Athletica Inc. recently discussed its financial results for the second quarter of 2024. The company's revenue increased by 7%, or 8% on...

Baptista Research

Lululemon 2Q'24 Update

It is far from common for a stock to be up 4% after missing the revenue guide for the quarter and slashing the full-year revenue guide for the...

MBI Deep Dives

Lululemon (LULU) - Thursday, Apr 4, 2024

Recommendation to short LULU US when share price is above USD410, price target of USD300 before next earnings date in May 2024

Value Investors Club

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