Notable Hit 1: (PLAY:NASDAQ) On Tuesday September 5, 2024 Dave & Buster's Entertainment, Inc. (PLAY) posted revenues of $557.1 mm missing the analysts estimate by 1.9% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.1% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 2.8% YoY. The stock next day opened +14.7% from previous close. Advan's footfall data has a correlation of 0.99 on a YoY basis with PLAY's top-line revenue over the last 18 quarters.
Notable Hit 2: (SCVL:NASDAQ) On Thursday Septemeber 5, 2024 Shoe Carnival, Inc. (SCVL) posted revenues of $332.7 mm surpassing the analysts estimate by 0.4% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.3% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 13% YoY. As a result, the stock was +15% from previous close. Advan's footfall data has a correlation of 0.93 on a YoY basis with SCVL's top-line revenue over the last 18 quarters.
