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>Ulta Beauty's third quarter of fiscal 2024 results displayed both strengths and challenges reflective of the broader and highly competitive beauty market dynamics.</li><li>The company's net sales saw a modest increase of 1.7%, reaching $2.5 billion, with comparable sales inching up by 0.6%, demonstrating a slight improvement compared to prior periods.</li><li>The growth in sales was accompanied by a 1.4% rise in diluted earnings per share, reaching $5.14, reflecting disciplined financial management despite ongoing market headwinds.</li></ul>

Ulta Beauty's third quarter of fiscal 2024 results displayed both strengths and challenges reflective of the broader and highly competitive beauty market dynamics.The company's net sales saw a modest increase of 1.7%, reaching $2.5 billion, with comparable sales inching up by 0.6%, demonstrating a slight improvement compared to prior periods.The growth in sales was accompanied by a 1.4% rise in diluted earnings per share, reaching $5.14, reflecting disciplined financial management despite ongoing market headwinds.

Ulta Beauty Inc.: An Insight Into Its E-commerce and Omnichannel Strategy & Other Major Drivers

<ul><li>Ulta Beauty recently presented its fiscal second-quarter results for 2024, reflecting mixed financial health and strategic endeavors aimed at navigating ongoing market challenges.</li><li>The company reported a slight increase in net sales by 0.9% to $2.6 billion, though comparable sales declined by 1.2%.</li><li>Notably, operating profit margin stood at 12.9% of sales, indicating efficiency in operations despite revenue hurdles, with a diluted earnings per share of $5.30.</li></ul>

Ulta Beauty recently presented its fiscal second-quarter results for 2024, reflecting mixed financial health and strategic endeavors aimed at navigating ongoing market challenges.The company reported a slight increase in net sales by 0.9% to $2.6 billion, though comparable sales declined by 1.2%.Notably, operating profit margin stood at 12.9% of sales, indicating efficiency in operations despite revenue hurdles, with a diluted earnings per share of $5.30.

Ulta Beauty Inc.: Expansion of Product Assortment and Brand Partnerships & Other Major Drivers

<ul><li>The latest earnings of Ulta Beauty show that in Q1 2024, the company reported a 3.5% rise in net sales to $2.7 billion, and 1.6% growth in comp sales.</li><li>Also, the diluted earnings per share were $6.47.</li><li>However, amid a rapidly shifting marketplace, the company has adjusted its expectations for the rest of the year.</li></ul>

The latest earnings of Ulta Beauty show that in Q1 2024, the company reported a 3.5% rise in net sales to $2.7 billion, and 1.6% growth in comp sales.Also, the diluted earnings per share were $6.47.However, amid a rapidly shifting marketplace, the company has adjusted its expectations for the rest of the year.

Ulta Beauty Inc.: What Results Will The Gross Margin Management Efforts Yield In 2024

<ul><li>Ulta Beauty's Q4 and fiscal 2023 results present an investment thesis focused on continued growth, strategic expansion, and platform transformation.</li><li>Ulta Beauty carries forward a positive momentum with Q4 net sales recording an increase of 10.2% to $3.6 billion and fiscal year net sales bumping up by 9.8% to $11.2 billion.</li><li>The company robustly exceeded its internal expectations in sales, operating margin, and EPS. Ulta Beauty’s strategic move of curating an assortment, enhancing marketing strategies, and incorporating new fulfillment and technology capabilities have catalyzed their sustainable growth.</li></ul>

Ulta Beauty's Q4 and fiscal 2023 results present an investment thesis focused on continued growth, strategic expansion, and platform transformation.Ulta Beauty carries forward a positive momentum with Q4 net sales recording an increase of 10.2% to $3.6 billion and fiscal year net sales bumping up by 9.8% to $11.2 billion.The company robustly exceeded its internal expectations in sales, operating margin, and EPS. Ulta Beauty’s strategic move of curating an assortment, enhancing marketing strategies, and incorporating new fulfillment and technology capabilities have catalyzed their sustainable growth.

Ulta Beauty: Will Its International Expansion Efforts Bear Fruit? - Major Drivers

<ul><li>Ulta Beauty managed to exceed analyst expectations in terms of revenue as well as earnings, surpassing internal expectations in sales, gross profit, and EPS.</li><li>This quarter, they achieved a 6.4% increase in net sales to $2.5 billion, with operating profit at 13.1% of sales and diluted EPS reaching $5.07 per share.</li><li>In makeup, while overall sales remained flat, mass makeup experienced mid-single-digit growth, offsetting a modest decline in prestige makeup.</li></ul>

Ulta Beauty managed to exceed analyst expectations in terms of revenue as well as earnings, surpassing internal expectations in sales, gross profit, and EPS.This quarter, they achieved a 6.4% increase in net sales to $2.5 billion, with operating profit at 13.1% of sales and diluted EPS reaching $5.07 per share.In makeup, while overall sales remained flat, mass makeup experienced mid-single-digit growth, offsetting a modest decline in prestige makeup.

Ulta Beauty Inc.: Skincare Sales & Digital Channels Skyrocketing - What's Driving the Growth? - Major Drivers

United States

Ulta Beauty, Inc. operates a chain of beauty stores. The Company offers cosmetics, fragrance, skin, and hair care products, as well as salon services. Ulta Beauty serves customers throughout the United States.

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Ulta Beauty (ULTA US)

Ulta Beauty Inc.: An Insight Into Its E-commerce and Omnichannel Strategy & Other Major Drivers

Ulta Beauty's third quarter of fiscal 2024 results displayed both strengths and challenges reflective of the broader and highly competitive beauty...

Baptista Research

Ulta Beauty Inc.: Expansion of Product Assortment and Brand Partnerships & Other Major Drivers

Ulta Beauty recently presented its fiscal second-quarter results for 2024, reflecting mixed financial health and strategic endeavors aimed at...

Baptista Research

Ulta Beauty Inc.: What Results Will The Gross Margin Management Efforts Yield In 2024

The latest earnings of Ulta Beauty show that in Q1 2024, the company reported a 3.5% rise in net sales to $2.7 billion, and 1.6% growth in comp...

Baptista Research

Ulta Beauty: Will Its International Expansion Efforts Bear Fruit? - Major Drivers

Ulta Beauty's Q4 and fiscal 2023 results present an investment thesis focused on continued growth, strategic expansion, and platform...

Baptista Research

Ulta Beauty Inc.: Skincare Sales & Digital Channels Skyrocketing - What's Driving the Growth? - Major Drivers

Ulta Beauty managed to exceed analyst expectations in terms of revenue as well as earnings, surpassing internal expectations in sales, gross...

Baptista Research

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