Notable Hit 1: (PLNT:NYSE) On Thursday November 7, 2024 Planet Fitness, Inc. (PLNT) posted revenues of $292.25 mm surpassing the mean analysts estimates by 2.4% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.2% increase YoY in foot traffic to its fitness locations in Q3 2024; the company's revenue increased 5.3% YoY. The stock up 16.4% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with PLNT's top-line revenue over the last 19 quarters.
Notable Hit 2: (BLMN:NASDAQ) On Friday November 8, 2024 Bloomin' Brands, Inc. (BLMN) posted revenues of $1.04 bn missing the mean analysts estimates by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.7% decrease YoY in foot traffic to its restaurants in Q3 2024; the company's revenue decrease 3.7% YoY. The stock was down 12% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with BLMN's top-line revenue over the last 19 quarters.
Notable Hit 3: (AMC:NYSE) On Wednesday November 6, 2024 AMC Entertainment Holdings, Inc. (AMC) posted revenues of $1.35 bn higher than the mean analysts estimates of 1.3 bn and in the same direction as Advan's forecasted sales. Advan's data showed a 1.2 decrease YoY in foot traffic to its movie theaters in Q3 2024; the company's revenue decreased 4% YoY. The stock next day was down 6% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with AMC's top-line revenue over the last 19 quarters.
