Notable Hit 1: (PLAY:NASDAQ) On Tuesday December 10, 2024 Dave & Buster's Entertainment, Inc. (PLAY) posted revenues of $453 mm missing the analysts estimates by 3.4% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.3% decrease YoY in foot traffic to its stores in Q3 2024; the company's revenue decreased 3% YoY. The stock next day closed down 20% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with PLAY's top-line revenue over the last 19 quarters.
Notable Hit 2: (JWN:NYSE) On Tuesday November 26, 2024 Nordstrom, Inc. (JWN) posted revenues of $3.46 bn surpassing the analysts estimates by 3.9% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.9% increase YoY in foot traffic to its stores across all of its chains in Q3 2024; the company's revenue increased 4.3% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with JWN's top-line revenue over the last 19 quarters.
Notable Hit 3: (URBN:NASDAQ) On Tuesday November 26, 2024 Urban Outfitters, Inc. (URBN) posted revenues of $1.36 bn surpassing the analysts estimates by 7% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.2% increase YoY in foot traffic to its stores across all of its chains in Q3 2024; the company's revenue increased 6.3% YoY. As a result, the stock next day closed +18.3% from previous close. Advan's footfall data has a correlation of 0.94 on a YoY basis with URBN's top-line revenue over the last 13 quarters.
