LOGINNotable Hit 1: (PLAY:NASDAQ) On Wednesday June 12, 2024 Dave & Buster's Entertainment, Inc. (PLAY) posted revenues of $588.1 mm missing the analysts estimate by 11% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.6% decrease YoY in foot traffic to its stores in Q1 2024; the company's revenue decreased 1.6% YoY. As a result, the stock next day closed down 12.2% from previous close. Advan's footfall data has a correlation of 0.99 on a YoY basis with PLAY's top-line revenue over the last 17 quarters.
Notable Hit 2: (SIG:NYSE) On Thursday June 13, 2024 Signet Jewelers Limited (SIG) posted revenues of $1.51 bn missing the analysts estimate by 20% and in the same direction as Advan's forecasted sales. Advan's data showed a 1.4% decrease YoY in foot traffic to its stores (subsidiaries included) in Q1 2024; the company's revenue decreased 9.4% YoY. As a result, the stock closed down 15% from previous close. Advan's footfall data has a correlation of 0.91 on a YoY basis with PLAY's top-line revenue over the last 13 quarters.
