Notable Hit: (PENN:NASDAQ) On Thursday February 3, 2022 Penn National Gaming, Inc. (PENN) posted better-than-expected revenues of $1.57bn surpassing the consensus estimate of $1.49bn or by +5.4% and in the same direction as Advan’s forecasted sales. The revenue was up 53% YoY - Advan’s foot traffic data captured an increase in foot traffic of +43% YoY at its casinos for Q4 2021. The stock was up +11.5% the from previous close shortly after the opening bell. Advan’s footfall data has a correlation of 0.99 on a YoY basis with PENN’s top-line revenue over the last 12 quarters.
Notable Hit: (CPRI:NYSE) On Wednesday February 2, 2022 Capri Holdings Limited (CPRI), the parent company of Versace, Jimmy Choo and Michael Kors posted better-than-expected revenues of $1.609bn surpassing the consensus estimate of $1.47bn or by +9.45% 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 +16% YoY at stores overall for the three brands for Q4 2021. The stock opened +8.5% the from previous close. Advan’s footfall data has a correlation of 0.98 on a YoY basis with CPRI’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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