Advan Notable Hits: Casey's General Stores (CASY) & Sportsman's Warehouse (SPWH)

December 9, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (CASY:NASDAQ) On Tuesday December 6, 2022 Casey's General Stores, Inc. (CASY) posted revenues of $3.98bn - in the same direction as Advan's forecasted sales. The revenue increased 21.9% YoY - in line with Advan's foot traffic data increase of 11.2% YoY across all of the convenience stores for Q3 2022. Advan's footfall data has a correlation of 0.87 on a YoY basis with CASY's top-line revenue over the last 14 quarters.

Advan Hits: CASY correlation traffic vs revenue

Notable Hit 2: (SPWH:NASDAQ) On Wednesday December 7, 2022 Sportsman's Warehouse Holdings, Inc. (SPWH) posted revenues of $359.7 mm missing the consensus estimate by 1.45% and in the same direction as Advan's forecasted sales. The revenue decreased 10.3% YoY - in line with Advan's foot traffic data decrease of 17.7% YoY across all of the stores for Q3 2022. Advan's footfall data has a correlation of 0.89 on a YoY basis with SPWH's top-line revenue over the last 16 quarters.

Advan Hits: SPWH 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.