Automakers have been struggling to produce cars due to the global shortage of semiconductor chips first occurred in the early months this year. Fiat/Chrysler, General Motors and Ford and other big names in the industry announced they would reduce the pace of production to tackle this challenge. It did not take long and the impact of the idled factories is now reflected on the sales. Using employee counts are often times the right metric produced by our data to analyze industrial companies.

(BSET:NASDAQ) On Thursday July 1, 2021 Bassett Furniture Industries, Incorporated (BSET) posted better-than-expected revenues of $124.06mm surpassing the consensus estimate of $93.86mm (-24.34%) and in the same direction as Advan’s forecasted sales. The revenue was +94.45% YoY - Advan’s foot traffic data captured an increase in traffic of +80.13% YoY. The stock closed at $26.95, +10% from its previous day’s closing price. Advan’s footfall data has over 0.93 correlation on a YoY basis with Bassett’s top-line revenue over the last 10 quarters.

Notable Hit 1: (GIS:NYSE) On Wednesday June 30, 2021 General Mills, Inc. (GIS) posted better-than-expected revenues of $4.52bn surpassing the consensus estimate of $4.34bn (-3.95%) and in the same direction as Advan’s forecasted sales. The revenue was -9.94% YoY - Advan’s foot traffic data captured a decrease in traffic at its factories of -12.19% YoY. Advan’s footfall data has** 0.9 correlation on a YoY basis** with General Mills’ top-line revenue over the last 10 quarters.

While many U.S. residents feared public transportation during the COVID-19 pandemic, many started to shop around for a car resulting in driving the demand up, fact that led to a price hike as high as 30%. On the other side, rental car companies sold a big chunk of their fleet in exchange for cash liquidity as the demand for car rentals dropped 70%-80% especially in the early months of this turbulence.

Notable Hit: (KMX:NYSE) On Friday June 25, 2021 CarMax, Inc. (KMX) posted better-than-expected revenues of $7.7bn surpassing the consensus estimate of $6.11mm (-26%) and in the same direction as Advan’s forecasted sales. The revenue was +138.4% YoY - Advan’s foot traffic data captured an increase in traffic of +84.77% YoY. As a result, the stock was +6.3% in the pre-market from its previous close price at $119.43. Advan’s footfall data has over 0.

After months of cramped up home workouts, people across the U.S are now looking to get their fitness routines back on track. Our research data suggests that gyms across the country have been seeing increased customer traffic as a result of the recent easing of Covid restrictions and the long-awaited return to normalcy. As of May 2021, foot traffic in nationwide gym chains was back to 51% on average compared to Jan 2020 and 47% back to May 2019 levels, suggesting that gyms overall are halfway through to reach pre-pandemic levels.

Notable Hit: (RH:NYSE) On Wednesday June 9, 2021 RH (RH) posted better-than-expected revenues of $860.79mm surpassing the consensus estimate of $746.1mm (-13.22%) and in the same direction as Advan’s forecasted sales. The revenue was +78.25% YoY - Advan’s foot traffic data captured an increase in traffic of +121.85% YoY. Advan’s footfall data has 0.93 correlation on a YoY basis with RH’s top-line revenue over the last 10 quarters. Notable Hit 2: (LZB:NYSE) On Tuesday June 15, 2021 La-Z-Boy Incorporated (LZB) posted better-than-expected revenues of $519.

Notable Hit 1: (THO:NYSE) On Wednesday June 9, 2021 Thor Industries, Inc. (THO) posted better-than-expected revenues of $3.46bn surpassing the consensus estimate of $2.96bn (-14.54%) and in the same direction as Advan’s forecasted sales. The revenue was +105.7% YoY - Advan’s foot traffic data captured an increase in employee traffic of +90.85% YoY and +47.8% YoY in overall traffic at its factories. Advan’s footfall (employee) data has over 0.85 correlation on a YoY basis with Thor’s top-line revenue over the last 9 quarters and 0.

(PVH:NYSE) On Thursday June 3, 2021 PVH Corp. (PVH) posted better-than-expected revenues of $2.08bn surpassing the consensus estimate of $1.93 (-7.32%) and in the same direction as Advan’s forecasted sales. The revenue was up (+54.71%) YoY - Advan’s foot traffic data captured an increase in traffic of (+62.1%) YoY. Advan’s footfall data has over 0.97 correlation on a YoY basis with PVH’s top-line revenue over the last 10 quarters. Follow us on Twitter and LinkedIn .

Office properties and office leasing companies like WeWork are watching very closely the speed with which employees return to the office. The question at large remains: is the work from home (WFH) phenomenon here to stay, or will it prove to be only temporary for most? Using Advan’s mobile phone location data, these questions can be answered. Our platform tags every device to a home and work location each month, providing insight on whether or not employees work from home or at a separate office location.