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Advan Notable Hits: Ross Stores, Inc. (ROST) & The TJX Companies, Inc. (TJX)

Source: https://advanresearch.com/ross-rost-tjmaxx-tjx-foottraffic-revenue-correlation

Notable Hit 1: (ROST:NASDAQ) On Thursday November 19 , 2021 Ross Stores, Inc. (ROST) posted better-than-expected revenues of $4.57bn beating the consensus estimate of $4.31bn or by 6% and in the same direction as Advan’s forecasted sales. The revenue was up 22% YoY - Advan’s foot traffic data captured an increase in foot traffic of +32% YoY at its stores for Q3 2021. Advan’s footfall data has a correlation of 0.92 on a YoY basis with ROST’s top-line revenue over the last 12 quarters.

Notable Hit 2: (TJX:NYSE) On Wednesday November 17 , 2021 The TJX Companies, Inc. (TJX) posted better-than-expected revenues of $12.53bn beating the consensus estimate of $12.18bn or by 2.8% and in the same direction as Advan’s forecasted sales. The revenue was up 24% YoY - Advan’s foot traffic data captured an increase in foot traffic of +23.5% YoY at its stores for Q3 2021. As a result of beating the sales and EPS, the stock opened at $76.8, up 10.5% from its previous day’s closing price. Advan’s footfall data has a correlation of 0.97 on a YoY basis with TJX’s top-line revenue over the last 15 quarters.

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

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ETR Research

ETR is a primary technology market research firm, capturing real-time evaluations and spending intentions from thousands of enterprise-leading technologists.

For almost 10 years, Global 2000 corporations have trusted ETR’s proprietary technology research to capture real-time market activity. ETR produces market research through standardized surveys and round table discussions, not analyst opinions – our data driven approach quantifies the narrative driving the technology landscape. Marketing, Investor Relations, Corporate Strategy and Corporate Venture Capital teams no longer need to rely on anecdotal evidence to make business decisions. Vendors covered in our surveys gain mindshare among global IT leadership & gain key insights into navigating their competitive landscapes.