Tiburon Research Group, Inc. (TRG) is the premier independent equity research boutique specializing in the retail/consumer sector. We are industry veterans, whose unbiased earnings analytics & store-level research yields a sharper understanding of a company’s earnings quality and/or potential.
Recent Research Highlights  
01.21.2014 view pdf
Check out our updated company Data Packet for Starbucks (SBUX – $73.65) ahead of the company’s fiscal Q1 earnings release this week.
01.17.2014 view pdf
Our current listing of Material Disconnects (forward consensus EPS expectations) includes AMZN, BBY, KSS, LOW, and LULU.
12.27.2013 view pdf
We’re convinced that the Lululemon Athletica brand is damaged and has largely run its course. Also, notes on AEO, ANF, GPS, JWN, and URBN.
09.30.2013 view pdf
The financial divide between LOW & HD continues to widen. We’re forecasting EPS downside vs. consensus beginning in Q4 2013 & continuing into next year.
Blog Highlights  
BBY, KKD, OMX, PZZA, & TGT have ignored Facebook fan growth in 2013.
We like to look at the Commerce Department data on a comp basis (year-over-year change). Hey, it’s government data, so caveat emptor.
ANN pre-announced disastrous earnings results in Q4 2012 vs. the company’s previous guidance.
JWN merchants have done a fabulous job of differentiating their product offering and driving the top-line over the past 3-4 Years.

Rob Wilson

Leah Vermulen