Notable Hit 1: (ECL:NYSE) On Tuesday July 26, 2022 Ecolab Inc. (ECL) posted better than expected revenues of $3.58bn surpassing the consensus estimate of $3.50bn or by +2% and in the same direction as Advan’s forecasted sales. The revenue was up 13.2% YoY and in line with Advan’s employee foot traffic data increase of 4.3% YoY at its factories for Q2 2022. Advan’s footfall data has a correlation of 0.98 on a YoY basis with ECL’s top-line revenue over the last 12 quarters.
Notable Hit 2: (CAKE:NYSE) On Wednesday July 27, 2022 The Cheesecake Factory Incorporated (CAKE) posted revenues of $832.64mm versus the consensus estimate of $842.65mm. The revenue was up 8.3% YoY and in line with Advan’s foot traffic data increase of 4% YoY at its stores for Q2 2022. The stock next day closed +4.9% from previous closing. Advan’s footfall data has a correlation of 0.98 on a YoY basis with CAKE’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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