Notable Hit 1: (EAT:NYSE) On Wednesday August 17, 2021 Brinker International, Inc. (EAT) posted better-than-expected revenues of $1.08bn beating the consensus estimate of 987.45mm and in the same direction as Advan's forecasted sales. The revenue was +79.1% YoY - Advan's foot traffic data captured an increase in foot traffic of +136.1 % YoY at its restaurants. Advan's footfall data has a correlation of 0.97 on a YoY basis with EAT's top-line revenue over the last 14 quarters.
Notable Hit 2: (ROST:NASDAQ) On Thursday August 19, 2021 Ross Stores (ROST) posted better-than-expected revenues of $4.8bn surpassing the consensus estimate of $4.46bn (-7.6%) and in the same direction as Advan's forecasted sales. The revenue was +79% YoY - Advan's foot traffic data captured an increase in foot traffic of +70.3% YoY at its stores. Advan's footfall data has a correlation of 0.91 on a YoY basis with ROST's top-line revenue over the last 14 quarters.
