Notable Hit 1: (BURL:NYSE) On Thursday May 30, 2024 Burlington Stores, Inc. (BURL) posted revenues of $2.36 bn surpassing the analysts estimate by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.5% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 10.5% YoY. As a result, the stock closed up 17.6% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with BURL's top-line revenue over the last 14 quarters.
Notable Hit 2: (JWN:NASDAQ) On Thursday May 30, 2024 Nordstrom, Inc. (JWN) posted revenues of $3.34 bn surpassing the analysts estimate by 4.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 3.5% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 5% YoY. The stock next day was trading up 5.5% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with JWN's top-line revenue over the last 17 quarters.
Notable Hit 3: (AEO:NYSE) On Wednesday May 29, 2024 American Eagle Outfitters, Inc. (AEO) posted revenues of $1.14 bn slightly missing the analysts estimate and in the same direction as Advan's forecasted sales. Advan's data showed an 3.7% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 5.8% YoY. Advan's footfall data has a correlation of 0.93 on a YoY basis with AEO's top-line revenue over the last 17 quarters.
Notable Hit 4: (GPS:NYSE) On Wednesday May 30, 2024 The Gap, Inc. (GPS) posted revenues of $3.39 bn surpassing the analysts estimate by 3.35% and in the same direction as Advan's forecasted sales. Advan's data showed an 1.5% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 3.5% YoY. As a result, the stock next day was trading up 25% from previous close. Advan's footfall data has a correlation of 0.9 on a YoY basis with gps's top-line revenue over the last 13 quarters.
Notable Hit 5: (BBY:NASDAQ) On Thursday May 30, 2024 Best Buy Co., Inc. (BBY) posted revenues of $8.85 bn missing the analysts estimate by 1.2% and in the same direction as Advan's forecasted sales. Advan's data showed that foot traffic to its locations was down 1.7% YoY in Q1 2024; the company's revenue was down 6.5% YoY. Advan's footfall data has a correlation of 0.92 on a YoY basis with BBY's top-line revenue over the last 12 quarters.
