Notable Hit 1: (BYD:NYSE) On Thursday February 8, 2024 Boyd Gaming Corporation (BYD) posted revenues of $954.4 mm surpassing the analysts estimate by 2.9% and in the same direction as Advan's forecasted sales. Advan's foot traffic data showed 1% decrease YoY at its casinos in Q4 2023; the company's revenue increased 3.4% YoY. The stock next day opened up +3.3% from previous open. Advan's footfall data has a correlation of 0.97 on a YoY basis with BYD's top-line revenue over the last 16 quarters.
Notable Hit 2: (CMG:NYSE) On Tuesday February 6, 2024 Chipotle Mexican Grill, Inc. (CMG) posted revenues of $2.52 bn beating the analysts estimate by 1.6% and in the same direction as Advan's forecasted sales. Advan's foot traffic data showed 7.1% increase YoY at its restaurant in Q4 2023; the company's revenue increased 15.4% YoY. As a result, the stock closed +7.2% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with CMG's top-line revenue over the last 11 quarters.
