Notable Hit 1: (BURL:NYSE) On Thursday March 7, 2024 Burlington Stores, Inc. (BURL) posted revenues of $3.12 bn surpassing the analysts estimate by 4% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.7% increase YoY in foot traffic to its stores in Q4 2023; the company's revenue increased 13.9% YoY. The stock opened up 7.8% from previous close. Advan's footfall data has a correlation of 0.93 on a YoY basis with BURL's top-line revenue over the last 16 quarters.
Notable Hit 2: (ROST:NASDAQ) On Tuesday March 5, 2024 Ross Stores (ROST) posted revenues of $6.02 bn surpassing the analysts estimate by 4.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 3.1% increase YoY in foot traffic to its stores in Q4 2023; the company's revenue increased 15.5% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with ROST's top-line revenue over the last 16 quarters.
