Notable Hit 1: (BLMN:NASDAQ) On Tuesday May 7, 2024 Bloomin' Brands, Inc. (BLMN) posted revenues of $1.2 bn missing the analysts estimate by 0.5% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.2% decrease YoY in foot traffic to its restaurant chains in Q1 2024; the company's revenue decreased 4% YoY. The stock closed down 6.8% from previous day. Advan's footfall data has a correlation of 0.97 on a YoY basis with BLMN's top-line revenue over the last 16 quarters.
Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.
Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.
LOGIN
