July 26, 2024
Categories:
Finance
Valantis Aristides
7 minute read

Advan Notable Hits: Texas Roadhouse, red rock, Boyd Gaming, American Airlines, BJ's, Sketchers, Chipotle, Columbia & Old Dominion Freight

Notable Hit 1: (TXRH:NASDAQ) On Thursday July 25, 2024 Texas Roadhouse, Inc. (TXRH) posted revenues of $1.34 bn surpassing the analysts estimate by 10% and in the same direction as Advan's forecasted sales. Advan's data showed a 8.2% increase YoY in foot traffic at its restaurants in Q2 2024; the company's revenue increased 14.4% YoY. The stock next day opened +5.4% from previous close. Advan's footfall data has a correlation of 0.98 on a YoY basis with TXRH's top-line revenue over the last 18 quarters.


Advan Hits: TXRH correlation traffic vs revenue


Notable Hit 2: (RRR:NASDAQ) On Tuesday July 23, 2024 Red Rock Resorts, Inc. (RRR) posted revenues of $486.4 mm surpassing the analysts estimate by 3% and in the same direction as Advan's forecasted sales. Advan's data showed a 24.9% increase YoY in foot traffic to its casino resorts in Q2 2024; the company's revenue increased 16.9% YoY. Advan's footfall data has a correlation of 0.95 on a YoY basis with RRR's top-line revenue over the last 18 quarters.


Advan Hits: RRR correlation traffic vs revenue


Notable Hit 3: (BYD:NYSE) On Thursday July 25, 2024 Boyd Gaming Corporation (BYD) posted revenues of $967.51 mm surpassing the analysts estimate by 6.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.7% increase YoY in foot traffic to its casino resorts in Q2 2024; the company's revenue increased 5.5% YoY. The stock next day opened +8.4% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with BYD's top-line revenue over the last 18 quarters.


Advan Hits: BYD correlation traffic vs revenue


Notable Hit 4: (AAL:NYSE) On Thursday July 25, 2024 American Airlines Group Inc. (AAL) posted revenues of $14.33 bn slightly missing the analysts estimate by 0.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.2% increase YoY in foot traffic to the American-operated terminal in Q2 2024; the company's revenue increased 2% YoY. The stock closed +6.8% from open price. Advan's footfall data has a correlation of 0.97 on a YoY basis with AAL's top-line revenue over the last 18 quarters.


Advan Hits: AAL correlation traffic vs revenue


Notable Hit 5: (BJRI:NASDAQ) On Thursday July 25, 2024 BJ's Restaurants, Inc. (BJRI) posted revenues of $349.93 aligning with the analyst estimates and in the same direction as Advan's forecasted sales. Advan's data showed a 0.95% increase YoY in foot traffic to its restaurants in Q2 2024; the company's revenue increased 0.1% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with BJRI's top-line revenue over the last 18 quarters.


Advan Hits: BJRI correlation traffic vs revenue


Notable Hit 6: (SKX:NYSE) On Thursday July 25, 2024 Skechers U.S.A., Inc. (SKX) posted revenues of $2.19 bn slightly missing the analyst estimates and in the same direction as Advan's forecasted sales. Advan's data showed a 4.6% increase YoY in foot traffic to stores in Q2 2024; the company's revenue increased 8.8% YoY. The stock next day opened +2% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with SKX's top-line revenue over the last 18 quarters.


Advan Hits: SKX correlation traffic vs revenue


Notable Hit 7: (CMG:NYSE) On Thursday July 25, 2024 Chipotle Mexican Grill, Inc. (CMG) posted revenues of $2.973 bn surpassing the analyst estimates by 1.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 16.3% increase YoY in foot traffic to stores in Q2 2024; the company's revenue increased 18.2% YoY. Advan's footfall data has a correlation of 0.9 on a YoY basis with CMG's top-line revenue over the last 18 quarters.


Advan Hits: CMG correlation traffic vs revenue


Notable Hit 8: (COLM:NASDAQ) On Thursday July 25, 2024 Columbia Sportswear Company (COLM) posted revenues of $570.24 mm surpassing the analyst estimates by 0.25% and in the same direction as Advan's forecasted sales. Advan's data showed a 2% decrease YoY in foot traffic to stores in Q2 2024; the company's revenue decreased 8.2% YoY. Advan's footfall data has a correlation of 0.92 on a YoY basis with COLM's top-line revenue over the last 18 quarters.


Advan Hits: COLM correlation traffic vs revenue


Notable Hit 9: (ODFL:NASDAQ) On Thursday July 25, 2024 Old Dominion Freight Line, Inc. (ODFL) posted revenues of $1,498 bn slightly missing the analyst estimates by 0.14% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.1% increase YoY in foot traffic to warehouses in Q2 2024; the company's revenue increased 6.1% YoY. Advan's footfall data has a correlation of 0.90 on a YoY basis with ODFL's top-line revenue over the last 18 quarters.


Advan Hits: ODFL correlation traffic vs revenue


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Valantis Aristides

Valantis has been focused on product management across B2B and B2C SaaS and data analytics, specializing in translating complex data into clear, actionable insights that inform business and investment decisions, product innovation, and customer engagement. His experience includes analyzing mobility trends, credit card transactions, and alternative data to uncover patterns that shape strategy and highlight market opportunities.