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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