Notable Hit 1: (ULTA:NASDAQ) On Thursday May 25, 2023 Ulta Beauty, Inc. (ULTA) posted revenues of $2.63 bn beating the mean analyst estimates by 0.8% and in the same direction as Advan's forecasted sales. The revenue increased 12.3% YoY - in line with Advan's foot traffic data increase of 13.7% across all of its stores in Q1 2023. Advan's footfall data have a correlation of 0.99 on a YoY basis with ULTA's top-line revenue over the last 14 quarters.
Notable Hit 2: (JWN:NYSE) On Wednesday May 31, 2023 Nordstrom, Inc. (JWN) posted revenues of $3.18 bn and in the same direction as Advan's forecasted sales. The revenue decreased 10.9% YoY and in line with Advan's vehicle traffic data decrease of 13.8% YoY at its stores in Q1 2023. Advan's vehicle data has a correlation of 0.98 on a YoY basis with JWN's top-line revenue over the last 13 quarters.
Notable Hit 3: (M:NYSE) On Thursday June 1, 2023 Macy's, Inc. (M) posted revenues of $4.98 bn missing the mean analyst estimates by 0.8% and in the same direction as Advan's forecasted sales. The revenue decreased 10.1% YoY and in line with Advan's vehicle traffic data decrease of 15.4% YoY at its stores in Q1 2023. Advan's vehicle data has a correlation of 0.97 on a YoY basis with M's top-line revenue over the last 13 quarters.
