Notable Hit: (SHOO:NASDAQ) On Thursday February 24, 2022 Steven Madden, Ltd. (SHOO) posted better-than-expected revenues of $575.14mm surpassing the consensus estimate of $526.77mm or by +9.18% and in the same direction as Advan's forecasted sales. The revenue was up 64% YoY - Advan's foot traffic data captured an increase in foot traffic of +28% YoY at its stores for Q4 2021. As a result of beating sales and EPS, the stock closed at $42.36, up +8.6% from opening price. Advan's footfall data has a correlation of 0.96 on a YoY basis with SHOO's top-line revenue over the last 12 quarters.
