Consumer & Retail Research Analysts
In-depth analysis of the consumer and retail market.
Comprehensive investigation, research and thought are used by our analysts to create the best information and options for our clients.
Brett Andress, CFA
Brett Andress is a Vice President, Equity Research Analyst with KeyBanc Capital Markets Inc. His research coverage is focused on the leisure sector.
Prior to taking over coverage of the leisure sector, Andress covered packaged food companies for KeyBanc Capital Markets. Before his promotion to senior analyst in 2015, Andress worked as a research associate covering the leisure sector. He started his career as a private bank investment analyst for J.P. Morgan Asset Management.
Andress earned a Bachelor of Business Administration in Finance and Business Economics from Ohio University in Athens, Ohio. He is a Chartered Financial Analyst and also holds the Series 7, 63, 86 and 87 industry licenses.
In June 2017, Andress was recognized by Thomson Reuters StarMine as the #2 earnings estimator in the Food Products sector.
Leisure Companies Under Research Coverage
|Acushnet Holdings Corp.||GOLF|
|Callaway Golf Company||ELY|
|Camping World Holdings, Inc.||CWH|
|Cedar Fair, L.P.||FUN|
|Harley Davidson, Inc.||HOG|
|Malibu Boats, Inc.||MBUU|
|MCBC Holdings, Inc.||MCFT|
|Patrick Industries, Inc.||PATK|
|Polaris Industries, Inc.||PII|
|Sea World Entertainment||SEAS|
|Six Flags Entertainment Corporation||SIX|
|Thor Industries, Inc.||THO|
|Vail Resorts, Inc.||MTN|
|Vista Outdoor Inc.||VSTO|
|Winnebago Industries, Inc.||WGO|
|YETI Holdings, Inc.||YETI|
Matthew DeGulis is an Equity Research Analyst with KeyBanc Capital Markets Inc. His research coverage is focused on the softlines sector.
Before his promotion to senior analyst in 2020, DeGulis worked as a research associate covering the e-commerce and softlines sectors. He started his career as an investment banking analyst for J.P. Morgan in Chicago.
DeGulis earned a Bachelor of Business Administration degree in Finance from the University of Michigan’s Ross School of Business in 2013.
Softlines Companies Under Research Coverage
|Foot Locker, Inc.||FL|
|Gap, Inc. (The)||GPS|
|L Brands, Inc.||LB|
|Steven Madden, Ltd.||SHOO|
|Under Armour, Inc.||UAA|
|Urban Outfitters, Inc.||URBN|
|Wolverine World Wide, Inc.||WWW|
Eric Gonzalez is a Vice President, Equity Research Analyst with KeyBanc Capital Markets Inc. With the Company since June 2018, his research coverage is focused on restaurant companies.
Prior to joining KeyBanc Capital Markets, Gonzalez spent seven years as a VP/Associate Analyst in Equity Research at RBC Capital Markets and UBS Securities. While there, he worked on the Institutional Investor-ranked research team covering the restaurant sector. Before that, Gonzalez was an Equity Research Associate at Oppenheimer & Co. Other previous experience includes working in Institutional Fixed Income Sales at International Strategy and Investment Group, in Interest Rate/Structured Product Sales at Nomura Securities International, and in Fixed Income Sales & Trading at Morgan Stanley.
Gonzalez earned a Bachelor of Science degree from the Dyson School of Applied Economics and Management at Cornell University, as well as a Master of Business Administration degree from Columbia Business School. He also holds the Series 7, 63, 86 & 87 industry licenses.
In 2017, Gonzalez was recognized as a “Rising Star” in the restaurant sector by Institutional Investor Magazine.
Restaurant Companies Under Research Coverage
|Brinker International, Inc.||EAT|
|Chipotle Mexican Grill, Inc.||CMG|
|Darden Restaurants, Inc.||DRI|
|Domino's Pizza, Inc.||DPZ|
|Jack in the Box Inc.||JACK|
|Papa John's International, Inc.||PZZA|
|Restaurant Brands International Inc.||QSR|
|Texas Roadhouse, Inc.||TXRH|
|The Wendy's Company||WEN|
|YUM! Brands, Inc.||YUM|
Bradley Thomas, CFA
Bradley B. Thomas is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. With the company since April 2008, his research coverage focuses on the retail hardlines industry.
Prior to joining the firm, Thomas was a vice president and senior analyst at Lehman Brothers in the retail sector. Thomas joined Lehman in 2001 and began his career on the Institutional Investor-ranked retail hardlines team.
In 2018, Thomas was ranked the #1 stock picker in the multiline retail sector by Thomson Reuters. In addition, in 2013, he was ranked #1 of 75 analysts in The Wall Street Journal’s Best on the Street Survey in the specialty retailers & services category. This marked his second WSJ award. He ranked #2 in the home construction & furnishings category in 2012.
Thomas is a graduate of Duke University, where he earned a Bachelor of Science in Economics with a minor in history. He is a CFA charterholder and a member of the New York Society of Security Analysts. Thomas is regularly featured in the media, appearing on CNBC and Bloomberg Television, and in publications such as The Wall Street Journal, Business Week and Barron’s.
Retail – Hardlines Companies Under Research Coverage
|ACCO Brands Corporation||ACCO|
|At Home Group Inc.||HOME|
|Bed Bath & Beyond Inc.||BBBY|
|Best Buy Co., Inc.||BBY|
|Big Lots, Inc.||BIG|
|Central Garden & Pet Company||CENTA|
|Dollar General Corporation||DG|
|Dollar Tree, Inc.||DLTR|
|Ethan Allen Interiors Inc.||ETH|
|Five Below, Inc.||FIVE|
|Haverty Furniture Companies, Inc.||HVT|
|The Home Depot, Inc.||HD|
|Lowe’s Companies, Inc.||LOW|
|Ollie’s Bargain Outlet Holdings, Inc.||OLLI|
|PROG Holdings, Inc.||PRG|
|Purple Innovation, Inc.||PRPL|
|Sleep Number Corporation||SNBR|
|Tempur Sealy International Inc.||TPX|
|Tractor Supply Company||TSCO|
Homebuilders & Building Products
Kenneth R. Zener is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. Zener joined the company in summer 2010 to cover the building products and homebuilders sector.
Prior to joining KeyBanc Capital Markets, Zener worked at Macquarie Capital as the lead analyst in the building materials/products and homebuilders space. From 2005 to 2008, he worked at Merrill Lynch, first as an associate then as a lead analyst. Before joining Merrill, he worked for Orleans Homebuilders, Deutsche Bank from 2001 to 2004, and began his investment career at Sanford Bernstein in 1999.
Zener earned a Bachelor of Arts from Boston University and a Master of Business Administration from The University of Texas at Austin. He holds Series 7, 63, and 86/87 industry licenses.
In its June 2017 Analyst Awards, Thomson Reuters StarMine recognized Zener as the #1 earnings estimator in the Household Durables sector. This was Zener’s third award from StarMine.
Homebuilders & Building Products Companies Under Research Coverage
|Armstrong World Industries, Inc.||AWI|
|Beacon Building Products||BECN|
|D.R. Horton, Inc.||DHI|
|Fortune Brands Home & Security, Inc.||FBHS|
|Installed Building Products, Inc.||IBP|
|M.D.C. Holdings, Inc.||MDC|
|PGT Innovations, Inc.||PGTI|
|Stanley Black & Decker, Inc.||SWK|
|The Sherwin-Williams Company||SHW|
|Toll Brothers, Inc.||TOL|