Notable Hit 1: On Thursday March 20, 2025 Darden Restaurants, Inc. (DRI) posted revenues of $3.15BN missing the analysts estimates by 1.5% and in the same direction of Advan's implied sales. Advan's data showed a 1% increase YoY in overall foot traffic across all Darden's chains, including Oliver Garden and Longhorn locations in FQ4 2024; the company's revenue increased 5.9% YoY. The stock closed +5.8% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with DRI's top-line revenue over the last 16 quarters.
Notable Hit 2: On Thursday March 20, 2025 NIKE, Inc. (NKE) posted revenues of $11.27BN surpassing the analysts estimates by 2.3% and in the same direction of Advan's implied sales of $11.12BN (-1.35%). Advan's data showed a 5.9% decrease YoY in overall foot traffic to Nike's locations in FQ3 2024; the company's revenue decreased 9.3% YoY. The stock opened down 7.3% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with NKE's top-line revenue over the last 16 quarters.
