(DRI:NYSE) On Thursday September 23, 2021 Darden Restaurants, Inc. (DRI) posted better-than-expected revenues of $2.31bn beating the consensus estimate of $2.24bn (-3.1%) and in the same direction as Advan’s forecasted sales. The revenue was +51.2% YoY - Advan’s foot traffic data captured an increase in foot traffic of +56.4% YoY at its restaurants for Q1 2022. As a result of beating the sales and EPS, the stock opened at $159.34, up +6% from its previous day’s closing price and set an all-time high of $164.28 during the trading session. Advan’s footfall data has a correlation of 0.98 on a YoY basis with DRI’s top-line revenue over the last 11 quarters.
To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.
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