Notable Hit: (AAL:NYSE) On Thursday October 20, 2022 American Airlines Group Inc. (AAL) posted revenues of $13.46bn surpassing the consensus estimate by +1.2% and in the same direction as Advan’s forecasted sales. The revenue increased 50% YoY and in line with Advan’s foot traffic data increase of 3.5% YoY at its terminals for Q3 2022. Advan’s footfall data has a correlation of 0.98 on a YoY basis with AAL’s top-line revenue over the last 15 quarters.

Notable Hit: (DAL:NYSE) On Thursday October 13, 2022 Delta Air Lines, Inc. (DAL) posted top line revenue of $13.975bn meeting the consensus estimate and in the same direction as Advan’s forecasted sales. The revenue increased 53% YoY and in line with Advan’s foot traffic data increase of 6% YoY at its terminals for fiscal Q3 2022. Advan’s footfall data has a correlation of 0.97 on a YoY basis with DAL’s top-line revenue over the last 15 quarters.

Notable Hit: (BBBY:NASDAQ) On Thursday September 29, 2022 Bed Bath & Beyond Inc. (BBBY) posted top line revenue of $1.437bn missing the consensus estimate by -5.5% and in the same direction as Advan’s forecasted sales. The revenue declined 27.6% YoY and in line with Advan’s foot traffic data decrease of 28.8% YoY at its stores for fiscal Q2 2022. Advan’s footfall data has a correlation of 0.89 on a YoY basis with BBBY’s top-line revenue over the last 14 quarters.

Notable Hit: (EAT:NYSE) On Thursday August 25, 2022 Brinker International, Inc. (EAT) posted top line revenue of $1.02bn beating the consensus estimate by +0.4% and in the same direction as Advan’s forecasted sales. The revenue was up 1.28% YoY and in line with Advan’s foot traffic data increase of 2.6% YoY at its stores for fiscal Q4 2022. Advan’s footfall data has a correlation of 0.99 on a YoY basis with EAT’s top-line revenue over the last 14 quarters.

Notable Hit: (TJX:NYSE) On Wednesday August 17, 2022 The TJX Companies, Inc. (TJX) posted worse than expected revenues of $11.84bn missing the consensus estimate by -2.7% and in the same direction as Advan’s forecasted sales. The revenue was down 1.9% YoY and in line with Advan’s foot traffic data decrease of 4.9% YoY at its stores for Q2 2022. Advan’s footfall data has a correlation of 0.98 on a YoY basis with TJX’s top-line revenue over the last 14 quarters.

Notable Hit: (DIN:NYSE) On Tuesday August 9, 2022 Dine Brands Global, Inc. (DIN) posted better than expected revenues of $237.79mm surpassing the consensus estimate by +0.4% and in the same direction as Advan’s forecasted sales. The revenue was up 1.8% YoY and in line with Advan’s foot traffic data increase of 6.1% YoY at its restaurant chains for Q2 2022. As a result of beating the sales & EPS the stock opened +1.

Notable Hit: (SEAS:NYSE) On Thursday August 4, 2022 SeaWorld Entertainment, Inc. (SEAS) posted better than expected revenues of $504.82mm surpassing the consensus estimate by +0.5% and in the same direction as Advan’s forecasted sales. The revenue was up 14.8% YoY and in line with Advan’s foot traffic data increase of 13.6% YoY at its amusement parks for Q2 2022. As a result of beating the sales & EPS the stock closed +4.

Notable Hit 1: (ECL:NYSE) On Tuesday July 26, 2022 Ecolab Inc. (ECL) posted better than expected revenues of $3.58bn surpassing the consensus estimate of $3.50bn or by +2% and in the same direction as Advan’s forecasted sales. The revenue was up 13.2% YoY and in line with Advan’s employee foot traffic data increase of 4.3% YoY at its factories for Q2 2022. Advan’s footfall data has a correlation of 0.98 on a YoY basis with ECL’s top-line revenue over the last 12 quarters.

Notable Hit: (ABB:NYSE) On Thursday July 21, 2022 ABB Ltd (ABB) posted worse than expected revenues of $7.27bn missing the consensus estimate of $7.57bn or by -3.9% and in the same direction as Advan’s forecasted sales. The revenue was down 2.2% YoY and in line with Advan’s employee foot traffic data decrease of 4.7% YoY at its factories for Q2 2022. Advan’s footfall data has a correlation of 0.85 on a YoY basis with ABB’s top-line revenue over the last 11 quarters.

Historically, gas demand has been pretty predictable for any given time of the year, so the supply has been what mostly determined the pricing we see in the pumps. With the advent of remote working and as a result the ability to commute less, however, Americans have at least one lever to reduce the amount of gas they purchase. The other major aspect of the demand of course being leisure travel.