Advan Notable Hits: Brinker International, Inc. (EAT) & Ross Stores (ROST)

Notable Hit 1: (EAT:NYSE) On Wednesday August 17, 2021 Brinker International, Inc. (EAT) posted better-than-expected revenues of $1.08bn beating the consensus estimate of 987.45mm and in the same direction as Advan's forecasted sales. The revenue was +79.1% YoY - Advan's foot traffic data captured an increase in foot traffic of +136.1 % YoY at its restaurants. Advan's footfall data has a correlation of 0.97 on a YoY basis with EAT's top-line revenue over the last 14 quarters.

Advan Hits: EAT correlation traffic vs revenue

Notable Hit 2: (ROST:NASDAQ) On Thursday August 19, 2021 Ross Stores (ROST) posted better-than-expected revenues of $4.8bn surpassing the consensus estimate of $4.46bn (-7.6%) and in the same direction as Advan's forecasted sales. The revenue was +79% YoY - Advan's foot traffic data captured an increase in foot traffic of +70.3% YoY at its stores. Advan's footfall data has a correlation of 0.91 on a YoY basis with ROST's top-line revenue over the last 14 quarters.

Advan Hits: ROST correlation traffic vs revenue

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About Advan

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.