Notable Hit 1: (BURL:NYSE) On Tuesday November 23 , 2021 Burlington Stores, Inc. (BURL) posted better-than-expected revenues of $2.3bn beating the consensus estimate of $2.22bn or by 3.44% and in the same direction as Advan’s forecasted sales. The revenue was up 38.19% YoY - Advan’s foot traffic data captured an increase in foot traffic of +24.53% YoY at its stores for Q3 2021. As a result of beating the sales and EPS, the stock opened at $271.99, up 3.4% from its previous day’s closing price. Advan’s footfall data has a correlation of 0.91 on a YoY basis with BURL’s top-line revenue over the last 12 quarters.
Notable Hit 2: (CBRL:NASDAQ) On Tuesday November 26 , 2021 Cracker Barrel Old Country Store, Inc. (CBRL) posted better-than-expected revenues of $784.93mm beating the consensus estimate of $776.53mm or by 1% and in the same direction as Advan’s forecasted sales. The revenue was up 21.42% YoY - Advan’s foot traffic data captured an increase in foot traffic of +21.95% YoY at its stores for Q3 2021. Advan’s footfall data has a correlation of 0.98 on a YoY basis with CBRL’s top-line revenue over the last 12 quarters.
To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.
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