Notable Hit 1: (BLMN:NASDAQ) On Tuesday May 7, 2024 Bloomin' Brands, Inc. (BLMN) posted revenues of $1.2 bn missing the analysts estimate by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.2% decrease YoY in foot traffic to its restaurant chains in Q1 2024; the company's revenue decreased 4% YoY. The stock closed down 6.8% from previous day. Advan's footfall data has a correlation of 0.97 on a YoY basis with BLMN's top-line revenue over the last 16 quarters.
