Notable Hit 1: (SIX:NYSE) On Thursday November 8, 2022 Six Flags Entertainment Corporation (SIX) posted revenues of $504.83mm missing the consensus estimate by -11% and in the same direction as Advan's forecasted sales. The revenue decreased 22% YoY - the attendance was down 33% according to company's 10-Q filling and in line with Advan's foot traffic data decrease of 35.9% YoY at its amusement parks for Q3 2022. Advan's footfall data has a correlation of 0.98 on a YoY basis with SIX's top-line revenue over the last 15 quarters.
Notable Hit 2: (PLNT:NYSE) On Tuesday November 8, 2022 Planet Fitness, Inc. (PLNT) posted revenues of $244.39mm beating the consensus estimate by +3.6% and in the same direction as Advan's forecasted sales. The revenue increased 58.4% YoY and in line with Advan's foot traffic data increase of 33.29% YoY at its gyms for Q3 2022. Advan's footfall data has a correlation of 0.99 on a YoY basis with PLNT's top-line revenue over the last 15 quarters.
