Notable Hit 1: (JWN:NYSE) On Tuesday August 27, 2024 Nordstrom, Inc. (JWN) posted revenues of $3.89 bn surpassing the analysts estimate by 0.4% and in the same direction as Advan's forecasted sales. Advan's data showed a 5.7% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 3.1% YoY. As a result, the stock next day was +9% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with JWN's top-line revenue over the last 18 quarters.
Notable Hit 2: (BURL:NYSE) On Thursday August 29, 2024 Burlington Stores, Inc. (BURL) posted revenues of $2.46 bn surpassing the analysts estimate by 3% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.3% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 13.1% YoY. As a result, the stock opened +3.5% from previous close. Advan's footfall data has a correlation of 0.93 on a YoY basis with BURL's top-line revenue over the last 18 quarters.
Notable Hit 3: (FIVE:NYSE) On Thursday August 29, 2024 Five Below, Inc. (FIVE) posted revenues of $830.07 mm surpassing the analysts estimate by 0.97% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.4% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 9.4% YoY. Advan's footfall data has a correlation of 0.94 on a YoY basis with FIVE's top-line revenue over the last 18 quarters.
Notable Hit 4: (AEO:NYSE) On Thursday August 29, 2024 American Eagle Outfitters, Inc. (AEO) posted revenues of $1.29 bn missing the analysts estimate by -0.76% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.4% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 5.9% YoY. Advan's footfall data has a correlation of 0.93 on a YoY basis with FIVE's top-line revenue over the last 18 quarters.
