Notable Hit 1: (SIX:NYSE) On Thursday February 29, 2024 Six Flags Entertainment Corporation (SIX) posted revenues of $292.6 mm slightly missing the analysts estimate by 0.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.7% increase YoY in foot traffic to its amusement parks in Q4 2023; the company's revenue increased 4.5% YoY. The stock opened up 3% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with SIX's top-line revenue over the last 16 quarters.
Notable Hit 2: (M:NYSE) On Tuesday February 27, 2024 Macy's, Inc. (M) posted revenues of $8.375 bn surpassing the analysts estimate by 4.5% and in the same direction as Advan's forecasted sales. Advan data showed 4.9% decrease YoY in foot traffic to its stores in Q4 2023; the company's revenue decreased 1.8% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with M's top-line revenue over the last 16 quarters.
