Notable Hit 1: (CZR:NASDAQ) On Tuesday July 30, 2024 Caesars Entertainment, Inc. (CZR) posted revenues of $2.83 bn missing the analysts estimate by 1.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.3% decrease YoY in foot traffic to its casino resorts in Q2 2024; the company's revenue decreased 1.7% YoY. Advan's footfall data has a correlation of 0.97 on a YoY basis with CZR's top-line revenue over the last 18 quarters.
Notable Hit 2: (CAKE:NASDAQ) On Wednesday July 31, 2024 The Cheesecake Factory Incorporated (CAKE) posted revenues of $904 mm slightly missing the analysts estimate by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.4% increase YoY in foot traffic to its restaurants in Q2 2024; the company's revenue increased 4.4% YoY. Advan's footfall data has a correlation of 0.98 on a YoY basis with CAKE's top-line revenue over the last 17 quarters.
Notable Hit 3: (SHAK:NYSE) On Thursday August 1, 2024 Shake Shack Inc. (SHAK) posted revenues of $316.15 mm surpassing the analysts estimate by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 17.8% increase YoY in foot traffic to its restaurant in Q2 2024; the company's revenue increased 16.4% YoY. The stock opened +17.8% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with SHAK's top-line revenue over the last 18 quarters.
Notable Hit 4: (DENN:NASDAQ) On Tuesday July 30, 2024 Denny's Corporation (DENN) posted revenues of $115.93 mm missing the analysts estimate by 2.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 0.2% decrease YoY in foot traffic to the American-operated terminal in Q2 2024; the company's revenue decreased 0.8% YoY. The stock opened -7.1% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with DENN's top-line revenue over the last 18 quarters.
Notable Hit 5: (MAR:NASDAQ) On Wednesday July 31, 2024 Marriott International, Inc. (MAR) posted revenues of $6.44 bn slightly missing the analyst estimates by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.1% increase YoY in foot traffic across all of its hotels in Q2 2024; the company's revenue increased 6% YoY. Advan's footfall data has a correlation of 0.9 on a YoY basis with mar's top-line revenue over the last 18 quarters.
