Notable Hit 1: (ULTA:NASDAQ) On Thursday November 30, 2023 Ulta Beauty, Inc. (ULTA) posted revenues of $2,49 bn in line with the mean analyst estimate of $2.49 bn and in the same direction as Advan's forecasted sales. The revenue increased 6.4% YoY inline with Advan's foot traffic data increase of 11% YoY at its stores in Q3 2023. The stock next day opened +11.5% from previous close. Advan's footfall data has a correlation of 0.99 on a YoY basis with ULTA's top-line revenue over the last 14 quarters.
Notable Hit 2: (EXPR:NYSE) On Thursday November 30, 2023 Express, Inc. (EXPR) posted revenues of $454.1 mm missing the mean analyst estimate of $470 mm and in the same direction as Advan's forecasted sales. The revenue increased 4.6% YoY inline with Advan's foot traffic data increase of 4.8% YoY at its stores in Q3 2023. The stock next day opened +11.5% from previous close. Advan's footfall data has a correlation of 0.98 on a YoY basis with EXPR's top-line revenue over the last 14 quarters.
