Amazon, one of the companies that benefited the most from the pandemic as shoppers shifted towards online shopping, is now experiencing a significant slowdown as consumer behavior started to change. On Thursday April 28, 2022 the company reported $116.4 billion in revenue for the quarter that ended on 3/31, up 7.3% from a year earlier however it was Amazon’s slowest quarterly growth in years: down from 44% revenue increase in 1Q21.

Notable Hit: (DOV:NYSE) On Thursday April 21, 2022 Dover Corporation (DOV) posted better-than-expected revenues of $2.05bn surpassing the consensus estimate of $2.03bn or by +1% and in the same direction as Advan’s forecasted sales. The revenue was up 10% YoY and in line with Advan’s employee foot traffic data increase of 13.9% YoY at its factories for Q1 2022. Advan’s footfall data has a correlation of 0.92 on a YoY basis with DOVs top-line revenue over the last 12 quarters.

As we are into the third year of the Covid-19 pandemic, here are the latest developments in travel industry as of 4/18/2022. Starting off with the US airports, following a strong first quarter of 2022, despite the Omicron wave that led to thousands of flight cancelations, foot traffic picked up steam in March and is on track to hit its highest level in the next days since the beginning of 2022.

Notable Hit: (SPWH:NASDAQ) On Wednesday March 29, 2022 Sportsman’s Warehouse Holdings, Inc. (SPWH) posted better-than-expected revenues of $416.29mm surpassing the consensus estimate of $406.78mm or by +2.3% and in the same direction as Advan’s forecasted sales. The revenue was down -5% YoY and in line with Advan’s foot traffic data decrease of -5.5% YoY in the retailer’s store locations for Q4 2021. Advan’s footfall data has a correlation of 0.92 on a YoY basis with SPWH’s top-line revenue over the last 13 quarters.

Notable Hit 1: (NKE:NYSE) On Tuesday March 22, 2022 NIKE, Inc. (NKE) posted better-than-expected revenues of $10.87bn surpassing the consensus estimate of $10.62bn or by +2.3% and in the same direction as Advan’s forecasted sales. The revenue was up 5% YoY - Advan’s foot traffic data captured an increase in foot traffic of +5% YoY at its stores for Q4 2021. As a result of beating the sales & EPS the stock opened at $137.

Notable Hit 1: (SCVL:NASDAQ) On Wednesday March 16, 2022 Shoe Carnival, Inc. (SCVL) posted better-than-expected revenues of $313.37mm surpassing the consensus estimate of $285.31mm or by +9.8% and in the same direction as Advan’s forecasted sales. The revenue was up 23.4% YoY - Advan’s foot traffic data captured an increase in foot traffic of +23% YoY at its stores for Q4 2021. As a result of beating the sales & EPS the stock opened at $35.

Notable Hit: (CASY:NASDAQ) On Tuesday March 8, 2022 Casey’s General Stores, Inc. (CASY) posted better-than-expected revenues of $3.05bn surpassing the consensus estimate of $3.04bn or by +0.14% and in the same direction as Advan’s forecasted sales. The revenue was up 51.83% YoY - Advan’s foot traffic data captured an increase in foot traffic of +52.89% YoY at its stores for Q4 2021. As a result of beating the sales & EPS the stock next day closed at $185.

Notable Hit: (SHOO:NASDAQ) On Thursday February 24, 2022 Steven Madden, Ltd. (SHOO) posted better-than-expected revenues of $575.14mm surpassing the consensus estimate of $526.77mm or by +9.18% and in the same direction as Advan’s forecasted sales. The revenue was up 64% YoY - Advan’s foot traffic data captured an increase in foot traffic of +28% YoY at its stores for Q4 2021. As a result of beating sales and EPS, the stock closed at $42.

Notable Hit: (SIX:NYSE) On Thursday February 24, 2022 Six Flags Entertainment Corporation (SIX) posted better-than-expected revenues of $316.81mm surpassing the consensus estimate of $268.22mm or by +18.1% and in the same direction as Advan’s forecasted sales. The revenue was up 192% YoY and +21% Yo2Y - Advan’s foot traffic data captured an increase in foot traffic of +136% YoY (returned to 2019 levels) at its amusement parks for Q4 2021. Advan’s footfall data has a correlation of 1 on a YoY basis with SIX’s top-line revenue over the last 12 quarters.

The hardest-hit New York City is bouncing back once again as Omicron cases continue to rapidly fall at the same speed they increased in mid-December and New Yorkers look forward to enjoy the city as it was before the pandemic. ADVAN’s foot traffic data shows an uptick in foot traffic mobility overall however the trends differs from area to area. For example, foot traffic in fashionable SoHo started to increase significantly the first weekend of this month after the Omicron wave started to subside in the second half of January.