Advan Notable Hits: Chipotle Mexican Grill, Inc. (CMG)

April 26, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (CMG:NYSE) On Thursday April 25, 2024 Chipotle Mexican Grill, Inc. (CMG) posted revenues of $2.7 bn surpassing the analysts estimate by 2% and in the same direction as Advan's forecasted sales. Advan's data showed a 11% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 14% YoY. The stock next day was trading up 2% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with CMG's top-line revenue over the last 12 quarters.

Advan Hits: CMG correlation traffic vs revenue

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.