Notable Hit 1: (TXRH:NASDAQ) On Thursday October 24, 2024 Texas Roadhouse, Inc. (TXRH) posted revenues of $1.27 bn surpassing the mean analysts estimates by 8.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.2% increase YoY in foot traffic to its restaurants in Q3 2024; the company's revenue increased 13.2% YoY. The stock next day was up +5% 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 19 quarters.
Notable Hit 2: (BYD:NASDAQ) On Thursday October 24, 2024 Boyd Gaming Corporation (BYD) posted revenues of $961.2 mm surpassing the mean analysts estimates by 4.9% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.1% increase YoY in foot traffic to its casinos in Q3 2024; the company's revenue increased 6.4% YoY. The stock next day was up 9% 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 19 quarters.
Notable Hit 3: (HLT:NYSE) On Wednesday October 23, 2024 Hilton Worldwide Holdings Inc. (HLT) posted revenues of $2.867 bn missing the mean analysts estimates by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.3% increase YoY in foot traffic to its hotels in Q3 2024; the company's revenue increased 7.3% YoY. Advan's footfall data has a correlation of 0.91 on a YoY basis with HLT's top-line revenue over the last 18 quarters.
