Notable Hit 1: (FIVE:NASDAQ) On Wednesday March 15, 2023 Five Below, Inc. (FIVE) posted revenues of $1.12 bn, surpassing the consensus estimates by +1% and in the same direction as Advan's forecasted sales. The revenue increased 12.7% YoY - in line with Advan's foot traffic data increase of 14.5% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.82 on a YoY basis with FIVE's top-line revenue over the last 15 quarters.
Notable Hit 2: (SIG:NYSE) On Thursday March 16, 2023 Signet Jewelers Limited (SIG) posted revenues of $2.67 bn, down 5% YoY and in line with Advan's foot traffic data decrease of 11.5% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.87 on a YoY basis with SIG's top-line revenue over the last 12 quarters.
