Notable Hit 1: (DRI:NYSE) On Thursday December 19, 2024 Darden Restaurants, Inc. (DRI) posted revenues of $2.89 bn surpassing the analysts estimates by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.3% increase YoY in foot traffic to its restaurants, including Olive Garden and other chain restaurants, in Q3 2024; the company's revenue increased 6% YoY. The stock closed up 14.7% from previous close. Advan's footfall data has a correlation of 0.98 on a YoY basis with DRI's top-line revenue over the last 19 quarters.
Notable Hit 2: (NKE:NYSE) On Thursday December 19, 2024 NIKE, Inc. (NKE) posted revenues of $12.35 bn surpassing the analysts estimates by 1.3% and in the same direction as Advan's forecasted sales. Advan's data showed a 2% decrease YoY in foot traffic to its stores in Q3 2024; the company's revenue decreased 7.8% YoY. Advan's footfall data has a correlation of 0.94 on a YoY basis with NKE's top-line revenue over the last 19 quarters.
