Notable Hit 1: (TJX:NYSE) On Wednesday May 22, 2024 The TJX Companies, Inc. (TJX) posted revenues of $12.48 bn meeting the analysts estimate and in the same direction as Advan's forecasted sales. Advan's data showed a 5.9% increase YoY in foot traffic to its US stores (subsidiaries included) in Q1 2024; the company's revenue increased 5.9% YoY. After the announcement, the stock went up 7.5% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with TJX's top-line revenue over the last 17 quarters.
Notable Hit 2: (ROST:NASDAQ) On Thursday May 23, 2024 Ross Stores, Inc. (ROST) posted revenues of $4.86 bn surpassing the analysts estimate by 4.3% and in the same direction as Advan's forecasted sales. Advan's data showed a 5% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 8.1% YoY. The stock next day was up 9.3% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with ROST's top-line revenue over the last 17 quarters.
Notable Hit 3: (SCVL:NASDAQ) On Thursday May 23, 2024 Shoe Carnival, Inc. (SCVL) posted revenues of $300.37 mm surpassing the analysts estimate by 1.7% and in the same direction as Advan's forecasted sales. Advan's data showed an 1% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 5.5% YoY. After the announcement, the stock closed up 5.5% from previous close. Advan's footfall data has a correlation of 0.95 on a YoY basis with SCVL's top-line revenue over the last 15 quarters.
Notable Hit 4: (MNRO:NASDAQ) On Thursday May 23, 2024 Monro, Inc. (MNRO) posted revenues of $310.08 mm missing the analysts estimate by 3.7% and in the same direction as Advan's forecasted sales. Advan's data showed that foot traffic to its locations was flat (0%) YoY in Q1 2024; the company's revenue was down 0.2% YoY. After the announcement, the stock closed down 11.8% from previous close. Advan's footfall data has a correlation of 0.94 on a YoY basis with MNRO's top-line revenue over the last 14 quarters.
Notable Hit 5: (M:NYSE) On Tuesday May 21, 2024 Macy's, Inc. (M) posted revenues of $5 bn surpassing the analysts estimate by 2.8% and in the same direction as Advan's forecasted sales. Advan's data showed a -0.2% decrease YoY in foot traffic to its stores (subsidiaries included) in Q1 2024; the company's revenue decreased 3.3% YoY. Advan's footfall data has a correlation of 0.92 on a YoY basis with M's top-line revenue over the last 17 quarters.
