Notable Hit 1: (SCVL:NASDAQ) On Wednesday March 16, 2022 Shoe Carnival, Inc. (SCVL) posted better-than-expected revenues of $313.37mm surpassing the consensus estimate of $285.31mm or by +9.8% and in the same direction as Advan's forecasted sales. The revenue was up 23.4% YoY - Advan's foot traffic data captured an increase in foot traffic of +23% YoY at its stores for Q4 2021. As a result of beating the sales & EPS the stock opened at $35.21, up +12% from previous closing price. Advan's footfall data has a correlation of 0.90 on a YoY basis with SCVL's top-line revenue over the last 13 quarters.
Notable Hit 2: (CAL:NYSE) On Tuesday March 15, 2022 Caleres, Inc. (CAL) posted better-than-expected revenues of $679.28mm surpassing the consensus estimate of $667.95mm or by +0.2% and in the same direction as Advan's forecasted sales. The revenue was up 19% YoY - Advan's foot traffic data captured an increase in foot traffic of +24.9% YoY at its stores for Q4 2021. As a result of beating the sales & EPS the stock next day closed at $21.23, up +7.6% from previous closing price. Advan's footfall data has a correlation of 0.97 on a YoY basis with CAL's top-line revenue over the last 13 quarters.
