Source: https://advanresearch.com/thor-industries-tho-dave-and-buster-play-foottraffic-revenue-correlation
Notable Hit 1: (THO:NYSE) On Wednesday December 8, 2021 Thor Industries, Inc. (THO) posted better-than-expected revenues of $3.96bn beating the consensus estimate of $3.48bn or by 13.8% and in the same direction as Advan’s forecasted sales. The revenue was up 56% YoY - Advan’s foot traffic data captured an increase in employee foot traffic of +39% YoY at its factories for Q3 2021. As a result of beating the sales and EPS, the stock opened at $107.92, up 1.4% from its previous day’s closing price while hit a high of $110 (+3.4%) during the trading session. Advan’s footfall data has a correlation of 0.89 on a YoY basis with THO’s top-line revenue over the last 11 quarters.
Notable Hit 2: (PLAY:NASDAQ) On Wednesday December 7, 2021 Dave & Buster’s Entertainment, Inc. (PLAY) posted worse-than-expected revenues of $317.98mm slightly missing the consensus estimate of $321mm or by -0.9% and in the same direction as Advan’s forecasted sales. The revenue was up 197.6% YoY - Advan’s foot traffic data captured an increase in foot traffic of +96% YoY at its restaurants and entertainment venues for Q3 2021. The restaurant chain although slightly missed sales estimates however beat EPS and presented a 6% Yo2Y increase in revenue, facts that pushed the stock to open at $34.45, up 4% from its previous day’s closing price while hit a high of $36.45 (+10.1%) during the trading session. Advan’s footfall data has a correlation of 0.99 on a YoY basis with PLAY’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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