Notable Hit 1: (ROST:NASDAQ) On Thursday November 21, 2024 Ross Stores, Inc. (ROST) posted revenues of $5.07 bn missing the analysts estimates by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 7% increase YoY in foot traffic to its stores in Q3 2024; the company's revenue increased 2.9% YoY. The company also posted an earnings surprise of +6.5%. As a result, the stock next day opened up 9% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with ROST's top-line revenue over the last 19 quarters.
Notable Hit 2: (TJX:NYSE) On Wednesday November 20, 2024 The TJX Companies, Inc. (TJX) posted revenues of $14.06 bn surpassing the analysts estimates by 0.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 7.8% increase YoY in foot traffic to its stores across all of its chains in Q3 2024; the company's revenue increased 6% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with TJX's top-line revenue over the last 19 quarters.
