Notable Hit 1: (NKE:NYSE) On Tuesday March 21, 2023 NIKE, Inc. (NKE) posted revenues of $12.39 bn, surpassing the consensus estimates by +8.3% and in the same direction as Advan's forecasted sales. The revenue increased 14% YoY - in line with Advan's foot traffic data increase of 10% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.94 on a YoY basis with NKE's top-line revenue over the last 16 quarters.
Notable Hit 2: (DRI:NYSE) On Thursday March 23, 2023 Darden Restaurants, Inc. (DRI) posted revenues of $2.78 bn, surpassing the consensus estimates by +2.2% and in the same direction as Advan's forecasted sales. The revenue increased 13.8% YoY - in line with Advan's foot traffic data increase of 3.8% YoY at its restaurants for Q4 2022. Advan's footfall data has a correlation of 0.97 on a YoY basis with DRI's top-line revenue over the last 15 quarters.
Notable Hit 3: (SCVL:NASDAQ) On Wednesday March 22, 2023 Shoe Carnival, Inc. (SCVL) posted revenues of $290.7 mm, missing the consensus estimates by 5.5% and in the same direction as Advan's forecasted sales. The revenue was down 7.21% YoY and in line with Advan's foot traffic data decrease of 8.95% YoY at its stores for Q4 2022. Advan's footfall data has a correlation of 0.89 on a YoY basis with SCVL's top-line revenue over the last 15 quarters.
