Notable Hit 1: (TJX:NYSE) On Wednesday August 21, 2024 The TJX Companies, Inc. (TJX) posted revenues of $13.48 bn surpassing the analysts estimate by 1.2% and in the same direction as Advan's forecasted sales. Advan's data showed a 8.9% increase YoY in foot traffic across all of its retail chains in Q2 2024; the company's revenue increased 5.6% YoY. As a result, the stock closed +6% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with TJX's top-line revenue over the last 18 quarters.
Notable Hit 2: (ROST:NASDAQ) On Thursday August 22, 2024 Ross Stores, Inc. (ROST) posted revenues of $5.29 bn surpassing the analysts estimate by 0.95% and in the same direction as Advan's forecasted sales. Advan's data showed a 8.6% increase YoY in foot traffic to its stores in Q2 2024; the company's revenue increased 7.2% YoY. As a result, the stock next day opened +7.1% 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 18 quarters.
