Notable Hit 1: (DRI:NYSE) On Thursday June 22, 2023 Darden Restaurants, Inc. (DRI) posted revenues of $2.77 bn beating the mean analyst estimates of $2.76 bn and in the same direction as Advan's forecasted sales. The revenue increased 6% YoY - in line with Advan's foot traffic data increase of 1% YoY across all of its restaurant chains in Q4 2023 fiscal. Advan's footfall data have a correlation of 0.97 on a YoY basis with DRI's top-line revenue over the last 16 quarters.
Notable Hit 2: (WGO:NYSE) On Thursday June 22, 2023 Winnebago Industries, Inc. (WGO) posted revenues of $900.80 mm missing the mean analyst estimates of $1.06 bn and in the same direction as Advan's forecasted sales. The revenue decreased 38.2% YoY - in line with Advan's foot traffic data decrease of 40.3% YoY at its manufacturing facilities in Q3 2023 fiscal. The stock closed down 4.4% from previous close price at $63.36. Advan's footfall data have a correlation of 0.90 on a YoY basis with WGO's top-line revenue over the last 14 quarters.
