Notable Hit 1: (BJRI:NASDAQ) On Thursday July 27, 2023 BJ's Restaurants, Inc. (BJRI) posted revenues of $349.67 mm beating the mean analyst estimates of $349.37 mm and in the same direction as Advan's forecasted sales. The revenue increased 6.1% YoY - in line with Advan's foot traffic data increase of 23.1% YoY at its restaurants in Q2 2023 fiscal. As a result, next day the stock price jumped over 12% from previous close. Advan's footfall data have a correlation of 0.99 on a YoY basis with BJRI's top-line revenue over the last 14 quarters.
Notable Hit 2: (MNRO:NASDAQ) On Wednesday July 26, 2023 Monro, Inc. (MNRO) posted revenues of $326.97 mm missing the mean analyst estimates of $334.37 mm and in the same direction as Advan's forecasted sales. The revenue decreased 6.5% YoY - in line with Advan's foot traffic data decrease of 3.1% YoY at its automotive service locations in Q2 2023. As a result, the stock closed down 5.7% from previous close. Advan's footfall data have a correlation of 0.90 on a YoY basis with MNRO's top-line revenue over the last 15 quarters.
Notable Hit 3: (HLT:NYSE) On Wednesday July 26, 2023 Hilton Worldwide Holdings Inc. (HLT) posted revenues of $2.67 bn surpassing the mean analyst estimates of $2.55 bn and in the same direction as Advan's forecasted sales. The revenue increased 19.24% YoY - in line with Advan's foot traffic data increase of 15.66% YoY across all of its hotel chains in Q2 2023. As a result, the stock opened up 2.7% from previous open. Advan's footfall data have a correlation of 0.90 on a YoY basis with HLT's top-line revenue over the last 14 quarters.
Notable Hit 4: (ODFL:NASDAQ) On Wednesday July 26, 2023 Old Dominion Freight Line, Inc. (ODFL) posted revenues of $1.41 bn missing the mean analyst estimates of $1.45 bn and in the same direction as Advan's forecasted sales. The revenue decreased 15.2% YoY - in line with Advan's foot traffic data decreased of 17.3% YoY at its facilities in Q2 2023. Advan's footfall data have a correlation of 0.93 on a YoY basis with ODFL's top-line revenue over the last 11 quarters.
