Posts by Yiannis Tsiounis

Yiannis Tsiounis

Yiannis is the CEO and founder of Advan Research. He is a serial entrepreneur who founded and led BQuotes, a fixed income price discovery platform, in 2005. BQuotes was acquired by Moody's in 2008. From 2003-2005 he was a Partner at Etolian Capital, a Fixed Income hedge fund.

Yiannis holds a Ph.D. in Cryptography with a thesis in Anonymous Electronic Cash, a Master's in Computer Science and a Bachelor's in Mathematics

Advan Hits: EAT correlation traffic vs revenue

Advan Notable Hits: Brinker International, Inc. (EAT), Columbia Sportswear Company (COLM) & Starbucks Corporation (SBUX)

February 2, 2024

Notable Hit 1: (EAT:NYSE) On Wednesday January 31, 2024 Brinker International, Inc. (EAT) posted revenues of $1.07 bn slightly missing the analysts estimate by 0.4% and in the same direction as Advan's forecasted sales. Advan's foot traffic data showed 7.6% increase YoY at its restaurant chains in...

Starbucks Red Cup Day

December 18, 2023

We love our coffee like the next person. But, with our data we can actually qualify what the “next person” actually thinks.

Starbuck’s Red Cup days are an interesting indicator of the spirit of the moment. Let’s analyze how the chain has performed in the last few years on that day.

In 2017,...

Advan Miles driven index monthly

The Dawn of Elastic Gas Demand

July 21, 2022

Historically, gas demand has been pretty predictable for any given time of the year, so the supply has been what mostly determined the pricing we see in the pumps. With the advent of remote working and as a result the ability to commute less, however, Americans have at least one lever to reduce the...

Target foot traffic

The full picture for retailers: Supply and Demand

June 7, 2022

Target (NYCE: TGT) announced today that it expects lower profit due to high inventory.

It is counter-intuitive, but cellphone location data is measuring this discrepancy by monitoring Target’s supply and demand sides.

On the demand side, in the image below we can see foot traffic in Target...

Foot traffic at CMBS property: Westfield Citrus Park

CMBS test case: MSBAM 2013-C10

November 30, 2021

The lower tranches of MSBAM 2013-C10 have been in trouble since the beginning of the pandemic. Fitch details their latest downgrade in their last update at the end of September.

In particular, the downgrade is due to the troubles at Westfield Citrus Park, which is in a friendly foreclosure;...

Advan Miles Driven vs Gas Price

Unprecedented Gas Demand And High Prices At The Pump

November 18, 2021

Advan has been flagging an unprecedented demand in gasoline as early as February 2021. Unsurprisingly, gasoline prices have been following traffic (ie demand) at the gas stations in lockstep, since we have started tracking gas station traffic in 2016.

The graph below shows gasoline prices...

Airport traffic weekly change

Are the Tourists here yet?

November 16, 2021

The US borders finally opened on November 8. Did that result in a material influx of tourists that will help increase hotel and retail traffic?

Not yet...

Let's review 5 airports that showcase both domestic and international travel: LAX and ORD (Chicago O'Hare) that capture international...

Resident moves map

Are We Back Yet?

October 6, 2021

Migration and population trends for September 2021 are in. We are starting to see a slow return back to base, meaning residents returning to urban locations. But it is a slow process and by no means complete yet. Here are a few representative graphs that illustrate the point.

Resident moves from...

Ben & Jerry

Has Ben & Jerry’s been affected by the recent news?

July 22, 2021

On Monday, July 19, 2021, Ice Cream brand Ben & Jerry’s announced that it will cease selling ice cream in West Bank. The announcement was followed by widespread condemnation from the Jewish community worldwide, and a stern warning from Israel’s PM to Unilever, B&J’s parent company, that there...

Miles Driven vs Gas Prices

Gasoline prices are through the roof: no surprise for some traders

June 8, 2021

Gas prices and futures (contracts to buy gasoline at some point in the future) have been up massively over the last few months, to the extent that some traders are betting on the return of $100 oil/barrel before the end of the year (Options Traders Bet on Return of $100 Oil).

It was reasonable...

Miles Driven US

Does Memorial Weekend behavior point to renewed interest in travel for Americans?

June 2, 2021

The answer is: Yes and no. Road trips are back but air travel is slower to recover.

Using our latest traffic pattern data, some interesting new travel trends emerged over the Memorial Day weekend (MDW) - the unofficial beginning of the summer season for many Americans on the go. We believe this...

Indianapolis Motor Speedway Attendance

The Greatest Spectacle in Racing (Update)

June 1, 2021

Update: well, we did not party like 2019… There were only 22,500 spectators in the Last Row party on Friday. And, per Penske’s directions, attendance was 142,000 (tickets were limited to about 135,000, plus all the support staff for the race). Although we’re certain Helio isn’t exactly disappointed...