Notable Hit 1: (DRI:NYSE) On Thursday March 21, 2024 Darden Restaurants, Inc. (DRI) posted revenues of $2.97 bn slightly missing the analysts estimate by 2% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.5% increase YoY in foot traffic to its stores in Q4 2023; the company's revenue increase 6.8% YoY. Advan's footfall data has a correlation of 0.95 on a YoY basis with DRI's top-line revenue over the last 16 quarters.
Notable Hit 2: (DXLG:NASDAQ) On Thursday March 21, 2024 Destination XL Group, Inc. (DXLG) posted revenues of $137.14 mm missing the analysts estimate by 0.94% and in the same direction as Advan's forecasted sales. Advan's data showed a 5.5% decrease YoY in foot traffic to its stores in Q4 2023; the company's revenue decreased 4.7% YoY. Advan's footfall data has a correlation of 0.98 on a YoY basis with DXLG's top-line revenue over the last 16 quarters.
