Advan Notable Hits: Cintas Corporation (CTAS)

Notable Hit: (CTAS:NASDAQ) On Wednesday March 29, 2023 Cintas Corporation (CTAS) posted revenues of $2.19 bn, surpassing the consensus estimates by +1.9% and in the same direction as Advan's forecasted sales. The revenue increased 11.7% YoY - in line with Advan's foot traffic data increase of 3.3% YoY at its facilities for fiscal Q3 2023. The stock opened at $457.55, +3.1% from previous close. Advan's footfall data has a correlation of 0.88 on a YoY basis with CTAS's top-line revenue over the last 14 quarters.

Advan Hits: CTAS 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.