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>Sysco Corporation reported a sequential improvement in restaurant foot traffic over Q3 2024, starting with a tough January and improving throughout the quarter.</li><li>The company noted that traffic, not same-store sales, drives distributor case volume shipments, with Sysco's 2.9% case growth enabling profitable market share increase for the quarter.</li><li>The company delivered strong earnings growth in a challenging volume environment, delivering adjusted operating income growth of 8.4% while anticipating future improvements in local case volume.</li></ul>

Sysco Corporation reported a sequential improvement in restaurant foot traffic over Q3 2024, starting with a tough January and improving throughout the quarter.The company noted that traffic, not same-store sales, drives distributor case volume shipments, with Sysco's 2.9% case growth enabling profitable market share increase for the quarter.The company delivered strong earnings growth in a challenging volume environment, delivering adjusted operating income growth of 8.4% while anticipating future improvements in local case volume.

Sysco Corporation: A Tale Of Improved Profitability Through Strategic Sourcing! - Major Drivers

<ul><li>Sysco's performance for the quarter was strong, given their position as a market leader in a growth industry where size and scale matter.</li><li>The company demonstrated this position by delivering double digit earnings per share growth, realized from volume growth, margin management, and expense control.</li><li>Due to this positive momentum from H1, Sysco expects to expand in H2, maintaining their full year growth expectations for both sales and EPS, including an adjusted EPS growth of 7% at the midpoint of their guidance range.</li></ul>

Sysco's performance for the quarter was strong, given their position as a market leader in a growth industry where size and scale matter.The company demonstrated this position by delivering double digit earnings per share growth, realized from volume growth, margin management, and expense control.Due to this positive momentum from H1, Sysco expects to expand in H2, maintaining their full year growth expectations for both sales and EPS, including an adjusted EPS growth of 7% at the midpoint of their guidance range.

Sysco Corporation: The Power Of Proximity & Scale Taking Them Forward? - Major Drivers

<ul><li>Sysco Corporation delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>The company achieved a notable 2.6% sales growth, attributed to increased case volumes and effective management of product cost deflation in the US.</li><li>Sysco continues to strengthen its supply chain, marked by year-over-year operating profit improvement and increased flexibility in labor scheduling.</li></ul>

Sysco Corporation delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings.The company achieved a notable 2.6% sales growth, attributed to increased case volumes and effective management of product cost deflation in the US.Sysco continues to strengthen its supply chain, marked by year-over-year operating profit improvement and increased flexibility in labor scheduling.

Sysco Corporation: Beyond the Revenue Miss – A Deeper Look! - Major Drivers

<ul><li>Sysco Corporation delivered mixed results in its recent quarter, with revenues falling short of analysts' expectations but above-par earnings.</li><li>Their U.S. food service business's Q4 case volume increased significantly, enhancing their market share and solidifying their top spot in food service distribution.</li><li>This partnership aims to devise customized strategies that will assist Sysco Corporation in mitigating its environmental impact by reducing its carbon emissions.</li></ul>

Sysco Corporation delivered mixed results in its recent quarter, with revenues falling short of analysts' expectations but above-par earnings.Their U.S. food service business's Q4 case volume increased significantly, enhancing their market share and solidifying their top spot in food service distribution.This partnership aims to devise customized strategies that will assist Sysco Corporation in mitigating its environmental impact by reducing its carbon emissions.

Sysco Corporation: Can The Collaboration With NextEra Energy Resources Have A Material Impact? - Major Drivers

<ul><li>Sysco Corporation reported a mixed Q3 with revenues above analyst expectations but missed out on meeting earnings estimates.</li><li>Despite some industry softness in March, Sysco delivered strong sales growth throughout the quarter.</li><li>We give Sysco Corporation a 'Hold' rating with a revised target price.</li></ul>

Sysco Corporation reported a mixed Q3 with revenues above analyst expectations but missed out on meeting earnings estimates.Despite some industry softness in March, Sysco delivered strong sales growth throughout the quarter.We give Sysco Corporation a 'Hold' rating with a revised target price.

Sysco Corporation: Is International Growth The Recipe For Success? – Key Drivers

United States

Sysco Corporation distributes food and related products primarily to the foodservice industry.  The Company also distributes personal care guest amenities, housekeeping supplies, room accessories, and textiles to the lodging industry.

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Sysco Corp (SYY US)

Sysco Corporation: A Tale Of Improved Profitability Through Strategic Sourcing! - Major Drivers

Sysco Corporation reported a sequential improvement in restaurant foot traffic over Q3 2024, starting with a tough January and improving...

Baptista Research

Sysco Corporation: The Power Of Proximity & Scale Taking Them Forward? - Major Drivers

Sysco's performance for the quarter was strong, given their position as a market leader in a growth industry where size and scale matter. The...

Baptista Research

Sysco Corporation: Beyond the Revenue Miss – A Deeper Look! - Major Drivers

Sysco Corporation delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but...

Baptista Research

Sysco Corporation: Can The Collaboration With NextEra Energy Resources Have A Material Impact? - Major Drivers

Sysco Corporation delivered mixed results in its recent quarter, with revenues falling short of analysts' expectations but above-par...

Baptista Research

Sysco Corporation: Is International Growth The Recipe For Success? – Key Drivers

Sysco Corporation reported a mixed Q3 with revenues above analyst expectations but missed out on meeting earnings estimates. Despite some industry...

Baptista Research

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