Advan Research
Login icon LOGIN

Valantis Aristides

Advan Notable Hits: NIKE, Inc. (NKE), Darden Restaurants, Inc. (DRI) & Shoe Carnival, Inc. (SCVL)

Advan Notable Hits: NIKE, Inc. (NKE), Darden Restaurants, Inc. (DRI) & Shoe Carnival, Inc. (SCVL)

Notable Hit 1: (NKE:NYSE) On Tuesday March 21, 2023 NIKE, Inc. (NKE) posted revenues of $12.39 bn, surpassing the consensus estimates by +8.3% and in the same direction as Advan’s forecasted sales. The revenue increased 14% YoY - in line with Advan’s foot traffic data increase of 10% YoY at its stores for Q4 2022. Advan’s footfall data has a correlation of 0.94 on a YoY basis with NKE’s top-line revenue over the last 16 quarters.
2 minutes