LOGINNotable Hit: (JWN:NYSE) On Tuesday May 24, 2022 Nordstrom, Inc. (JWN) posted better than expected revenues of $3.57bn surpassing the consensus estimate of $3.28bn or by +8.84% and in the same direction as Advan's forecasted sales. The revenue was up 18.6% YoY and in line with Advan's foot traffic data increase of 17.91% YoY at its stores for Q1 2022. As a result of beating sales and EPS the stock next day closed at $23.58, +14% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with JWN's top-line revenue over the last 14 quarters.
