Notable Hit 1: (PENN:NASDAQ) On Wednesday August 9, 2023 PENN Entertainment, Inc. (PENN) posted revenues of $1.67 bn beating the mean analyst estimates of $1.66 bn and in the same direction as Advan's forecasted sales. The revenue increased 2.9% YoY - following Advan's foot traffic data increase of 4.7% YoY at its casinos in Q2 2023. Advan's footfall data have a correlation of 0.99 on a YoY basis with PENN's top-line revenue over the last 15 quarters.
Notable Hit 2: (AMC:NYSE) On Tuesday August 8, 2023 AMC Entertainment Holdings, Inc. (AMC) posted revenues of $1.35 bn beating the mean analyst estimates of $1.24 bn and in the same direction as Advan's forecasted sales. The revenue increased 15.7% YoY - in line with Advan's foot traffic data increase of 21.4% YoY at its movie theaters in Q2 2023 fiscal. Advan's footfall data have a correlation of 0.97 on a YoY basis with AMC's top-line revenue over the last 14 quarters.
Notable Hit 3: (SHAK:NYSE) On Thursday August 3, 2023 Shake Shack Inc. (SHAK) posted revenues of $271.8 mm missing the mean analyst estimates of $273.89 mm and in the same direction as Advan's forecasted sales. The revenue increased 17.8% YoY - in line with Advan's foot traffic data increase of 16.9% YoY across its stores in Q2 2023 fiscal. Advan's footfall data have a correlation of 0.94 on a YoY basis with SHAK's top-line revenue over the last 14 quarters.
