Notable Hit 1: (HRL:NYSE) On Thursday August 31, 2023 Hormel Foods Corporation (HRL) posted revenues of $2.963 bn missing the mean analyst estimates of $3.07 bn and in the same direction as Advan's forecasted sales. The revenue decreased 2.3% YoY- following Advan's foot traffic data decrease of 4.3% YoY at its production facilities in Q2 2023 fiscal. As a result the stock closed down 2.7% from previous close. Advan's footfall data has a correlation of 0.92 on a YoY basis with HRL's top-line revenue over the last 16 quarters.
