Notable Hit 1: (PLNT:NYSE) On Thursday November 5 , 2021 Planet Fitness (PLNT) posted better-than-expected revenues of $154.26mm beating the consensus estimate of $135.09 (-14.2%) and in the same direction as Advan's forecasted sales. The revenue was +46.4% YoY - Advan's foot traffic data captured an increase in employee foot traffic of +58.7% YoY at its fitness clubs for Q3 2021. As a result of beating the sales and EPS, the stock opened at $91.27, up +15.5% from its previous day's closing price. Advan's footfall data has a correlation of 1 on a YoY basis with ECL's top-line revenue over the last 12 quarters.
Notable Hit 2: (CVX:NYSE) On Friday October 29 , 2021 Chevron Corporation (CVX) posted better-than-expected revenues of $42.55bn beating the consensus estimate of $39.7(-6.7%) and in the same direction as Advan's forecasted sales. The revenue was +74% YoY - Advan's foot traffic data captured an increase in foot traffic of +43.4% YoY at its gas stations for Q3 2021. As a result of beating the sales and EPS, the stock opened at $114.83, up +1.5% from its previous day's closing price. Advan's footfall data has a correlation of 0.95 on a YoY basis with BOOT's top-line revenue over the last 11 quarters.
