×
The email you entered is not valid.
Business

Advan Notable Hits: NIKE, Inc. (NKE), Darden Restaurants, Inc. (DRI) & Shoe Carnival, Inc. (SCVL)

Source: https://advanresearch.com/nke-dri-scvl-q422-foottraffic-revenue-correlation

Notable Hit 1: (NKE:NYSE) On Tuesday March 21, 2023 NIKE, Inc. (NKE) posted revenues of $12.39 bn, surpassing the consensus estimates by +8.3% and in the same direction as Advan’s forecasted sales. The revenue increased 14% YoY - in line with Advan’s foot traffic data increase of 10% YoY at its stores for Q4 2022. Advan’s footfall data has a correlation of 0.94 on a YoY basis with NKE’s top-line revenue over the last 16 quarters.

Notable Hit 2: (DRI:NYSE) On Thursday March 23, 2023 Darden Restaurants, Inc. (DRI) posted revenues of $2.78 bn, surpassing the consensus estimates by +2.2% and in the same direction as Advan’s forecasted sales. The revenue increased 13.8% YoY - in line with Advan’s foot traffic data increase of 3.8% YoY at its restaurants for Q4 2022. Advan’s footfall data has a correlation of 0.97 on a YoY basis with DRI’s top-line revenue over the last 15 quarters.

Notable Hit 3: (SCVL:NASDAQ) On Wednesday March 22, 2023 Shoe Carnival, Inc. (SCVL) posted revenues of $290.7 mm, missing the consensus estimates by 5.5% and in the same direction as Advan’s forecasted sales. The revenue was down 7.21% YoY and in line with Advan’s foot traffic data decrease of 8.95% YoY at its stores for Q4 2022. Advan’s footfall data has a correlation of 0.89 on a YoY basis with SCVL’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/.

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

GET WEEKLY ALERTS

Sign up to receive our stories in your inbox.

The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us